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Estimating Questions with Answers (100%
Correct Answers)
Why What type of estimate contractors / subcontractors use to prepare their
bids?— Answer: Detail estimate
The advantages of a design-built delivery method are?— Answer: Knowing the
cost before construction
As estimates progress from conceptual to detail, they take longer to prepare and
get less accurate.— Answer: False
What type of estimate requires the most preparation effort?— Answer: Detail
estimate
To modify the basic contract document after they have been issued to the
bidder, but prior to the taking of the bids is call?— Answer: Addendum,
becomes part of the contract to notify material suppliers, subcontractors and
manufacture representatives because changes might affect the bid.
Which type of contractural agreement would be best used when the quantities
of work are difficult to determine in advance?— Answer: Unit Price
What type of estimate has the lowest expected accuracy?— Answer:
Conceptual estimate
What is the most common method of preparing a conceptual estimate?—
Answer: Square foot estimate
To prepare a conceptual estimate, complete drawings and specifications are
required.— Answer: False
In parametric estimating, which of the following parameters may be used to
express relationship between the building cost and its parameters?— Answer:
Floor to Floor height
, 2
Building footprint
Perimeter of building footprint.
A detail estimate requires a quantity takeoff of the entire project, and is
a______ and ______ estimating method— Answer: long & expensive
What type of estimate is used to facilitate in establishing project budget and
clarifying project scope?— Answer: Conceptual estimating
The thoroughness and completeness of the design documents is essential in
providing:— Answer: A detail estimate
Parametric estimates utilize statistical relationships between cost and building
parameters in order to mathematically represents cost relationship to determine
cost within a proj— Answer: True
The most common cost data recorded is _______ that can be easily applied to
future conceptual estimates on similar projects to yield an accurate estimate.—
Answer: Square foot cost
It takes longer to put assembly estimates together than detailed estimates.—
Answer: False
It would be extremely challenging to produce quality estimates for construction
project without:— Answer: Historical cost data
The length of time it willl take to complete the project is important in
determining:— Answer: Job overhead cost
It is impossible to prepare an accurate estimate of the cost of the project if the
estimator does not have a ________ set of contract documents.— Answer:
Complete
Interest should not be included in the equipment cost if the contractor paid cash
for the equipment.— Answer: False
Estimating Questions with Answers (100%
Correct Answers)
Why What type of estimate contractors / subcontractors use to prepare their
bids?— Answer: Detail estimate
The advantages of a design-built delivery method are?— Answer: Knowing the
cost before construction
As estimates progress from conceptual to detail, they take longer to prepare and
get less accurate.— Answer: False
What type of estimate requires the most preparation effort?— Answer: Detail
estimate
To modify the basic contract document after they have been issued to the
bidder, but prior to the taking of the bids is call?— Answer: Addendum,
becomes part of the contract to notify material suppliers, subcontractors and
manufacture representatives because changes might affect the bid.
Which type of contractural agreement would be best used when the quantities
of work are difficult to determine in advance?— Answer: Unit Price
What type of estimate has the lowest expected accuracy?— Answer:
Conceptual estimate
What is the most common method of preparing a conceptual estimate?—
Answer: Square foot estimate
To prepare a conceptual estimate, complete drawings and specifications are
required.— Answer: False
In parametric estimating, which of the following parameters may be used to
express relationship between the building cost and its parameters?— Answer:
Floor to Floor height
, 2
Building footprint
Perimeter of building footprint.
A detail estimate requires a quantity takeoff of the entire project, and is
a______ and ______ estimating method— Answer: long & expensive
What type of estimate is used to facilitate in establishing project budget and
clarifying project scope?— Answer: Conceptual estimating
The thoroughness and completeness of the design documents is essential in
providing:— Answer: A detail estimate
Parametric estimates utilize statistical relationships between cost and building
parameters in order to mathematically represents cost relationship to determine
cost within a proj— Answer: True
The most common cost data recorded is _______ that can be easily applied to
future conceptual estimates on similar projects to yield an accurate estimate.—
Answer: Square foot cost
It takes longer to put assembly estimates together than detailed estimates.—
Answer: False
It would be extremely challenging to produce quality estimates for construction
project without:— Answer: Historical cost data
The length of time it willl take to complete the project is important in
determining:— Answer: Job overhead cost
It is impossible to prepare an accurate estimate of the cost of the project if the
estimator does not have a ________ set of contract documents.— Answer:
Complete
Interest should not be included in the equipment cost if the contractor paid cash
for the equipment.— Answer: False
