A cost estimate is the approximation of the cost of a program, project, or operation.The cost estimate is the product of the cost estimating process. The cost estimate has a single total value and may have identifiable component values.A problem with a cost overrun can be avoided with a credible, reliable, and accurate cost estimate.stimates for the cost of facility construction are a major part of the cost estimate domain. A construction general contractor or subcontractor must normally prepare definitive cost estimates to prepare bids in the construction bidding process to compete for award of the contract.
June-July 1944: Saipan. On June 15, 1944, American forces invaded the island of Saipan, part of the Mariana Islands in the Central Pacific. Securing Saipan was of critical importance to the U.S.; its airfields would put the Army Air Force's new B-29 bombers within striking distance of the main Japanese islands.
It is famous as the setting of the FebruaryâMarch 1945 Battle of Iwo Jima involving the United States and a small number of elements of the British Pacific Fleet versus the Empire of Japan during World War II.