CE 442 PPT 1 Exam with Questions and Answers

CE 442 PPT 1 Exam with Questions and Answers Quantity Surveying ANSWER The action or profession of a person who estimates the cost of materials and labor necessary for a construction job Cost Estimates ANSWER The process of predicting and planning the expenses of any given construction project Document or Presentation ANSWER The final product of a Cost Estimate is usually a _________ or __________ of some kind that lays out, in detail, what you plan to do, what materials you'll use, and how much its going to cost. Cost Estimates ANSWER the approximation of the cost of a program, project, or operation Quantity Take-Offs (QTO) ANSWER are a detailed measurement of materials and labor needed to complete a construction or project. - A takeoff simply determines the amount of all the materials needed for the job. Takeoffs do not have any material costs associated with them. - Cost estimates include the amount of all materials as well as their cost, rates of labor, and extra costs needed for the project. ANSWER Difference between QTO and Cost Estimates 1. Preliminary Cost Estimate 2. Plinth Area Cost Estimate 3. Cube Rate Cost Estimate 4. Approximate Quantity Method Cost Estimate