上游充通大粤 Project Cost Estimates SHANGHAI JIAO TONG UNIVERSITY Cost planning starts with the proposal. The cost section may include elements as the following: ·Labor ·Materials ● Subcontractors and consultants (if used) Equipment and facilities rental Travel ·Contingencies Cost estimates should be aggressive yet realistic.Project Cost Estimates Cost planning starts with the proposal. The cost section may include elements as the following: • Labor • Materials • Subcontractors and consultants (if used) • Equipment and facilities rental • Travel • Contingencies Cost estimates should be aggressive yet realistic