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.
The major significance of the battle is that it was the first meeting in combat of ironclad warships, i.e. the USS Monitor and the CSS Virginia. The Confederate fleet consisted of the ironclad ram Virginia (built from the remnants of the USS Merrimack) and several supporting vessels.