1 for specific request mail
CNST-120-Part 2 Questions and Correct Answers |
Latest Update
What happens if a company consistently estimates costs too high? Ans:
The company will not win any bids and may eventually go out of
business.
What is the consequence of consistently estimating costs too low? Ans:
The company may win bids but lose money because they cannot
construct the building for the amount paid.
Assignment Expert
What are direct costs? Ans: Costs that actually go into building the
facility, such as materials, labor, equipment, and subcontracts.
Guru01 - Stuvia
What are indirect costs? Ans: Expenses incurred to manage and deliver
materials, labor, and equipment, often referred to as overhead.
What is a key characteristic of a good estimator? Ans: Must be able to
2026
build the project mentally before pricing it.
Why is it important for an estimator to be detail-oriented? Ans: Being
©
detail-oriented ensures thoroughness and accuracy in estimating project
costs.
How does project size impact costs? Ans: The larger the project, the
more it will cost, but efficiencies may also increase.
What effect does project complexity have on costs? Ans: As complexity
increases, so does the cost due to additional resources needed.
How does site location affect project costs? Ans: Location impacts the
ease of procurement and delivery of materials, labor, and equipment.
What must an estimator consider regarding the time of construction?
Ans: Anticipate fluctuations in prices and availability of labor during
different times.
, 2 for specific request mail
What defines the quality of work in a project? Ans: The standards set
forth in the specifications, which clearly impact costs.
What are conceptual estimates used for? Ans: Used when there are no
drawings or when in the idea stage of a project.
What is the purpose of preliminary estimates? Ans: To establish initial
budgets and financing scenarios based on preliminary drawings.
What are detailed estimates? Ans: Estimates made when a complete set of
plans and specifications are available.
Assignment Expert
What is the purpose of a pre-bid meeting? Ans: To provide an
opportunity for bidding contractors to get their questions answered.
Guru01 - Stuvia
Why is a site visit important before estimating a job? Ans: It helps
understand site conditions that cannot be grasped from plans alone.
What is the Work Breakdown Structure (WBS)? Ans: A method to organize
2026
and identify the work of the project by breaking down each division into
work packages.
©
What is the purpose of a pre-construction conference? Ans: To gather all
key stakeholders for discussion before starting the project.
What is a Request for Information (RFI)? Ans: A formal document used to
ask questions about the design during the project.
What are submittals in project management? Ans: Data, samples, and
details that require approval from the architect prior to installation.
What is the payment request process? Ans: A monthly request from the
General Contractor to the Owner via the Architect for payment.
What is included in the schedule of values? Ans: It represents the
project's budget based on the original estimate, organized by CSI
Divisions.
CNST-120-Part 2 Questions and Correct Answers |
Latest Update
What happens if a company consistently estimates costs too high? Ans:
The company will not win any bids and may eventually go out of
business.
What is the consequence of consistently estimating costs too low? Ans:
The company may win bids but lose money because they cannot
construct the building for the amount paid.
Assignment Expert
What are direct costs? Ans: Costs that actually go into building the
facility, such as materials, labor, equipment, and subcontracts.
Guru01 - Stuvia
What are indirect costs? Ans: Expenses incurred to manage and deliver
materials, labor, and equipment, often referred to as overhead.
What is a key characteristic of a good estimator? Ans: Must be able to
2026
build the project mentally before pricing it.
Why is it important for an estimator to be detail-oriented? Ans: Being
©
detail-oriented ensures thoroughness and accuracy in estimating project
costs.
How does project size impact costs? Ans: The larger the project, the
more it will cost, but efficiencies may also increase.
What effect does project complexity have on costs? Ans: As complexity
increases, so does the cost due to additional resources needed.
How does site location affect project costs? Ans: Location impacts the
ease of procurement and delivery of materials, labor, and equipment.
What must an estimator consider regarding the time of construction?
Ans: Anticipate fluctuations in prices and availability of labor during
different times.
, 2 for specific request mail
What defines the quality of work in a project? Ans: The standards set
forth in the specifications, which clearly impact costs.
What are conceptual estimates used for? Ans: Used when there are no
drawings or when in the idea stage of a project.
What is the purpose of preliminary estimates? Ans: To establish initial
budgets and financing scenarios based on preliminary drawings.
What are detailed estimates? Ans: Estimates made when a complete set of
plans and specifications are available.
Assignment Expert
What is the purpose of a pre-bid meeting? Ans: To provide an
opportunity for bidding contractors to get their questions answered.
Guru01 - Stuvia
Why is a site visit important before estimating a job? Ans: It helps
understand site conditions that cannot be grasped from plans alone.
What is the Work Breakdown Structure (WBS)? Ans: A method to organize
2026
and identify the work of the project by breaking down each division into
work packages.
©
What is the purpose of a pre-construction conference? Ans: To gather all
key stakeholders for discussion before starting the project.
What is a Request for Information (RFI)? Ans: A formal document used to
ask questions about the design during the project.
What are submittals in project management? Ans: Data, samples, and
details that require approval from the architect prior to installation.
What is the payment request process? Ans: A monthly request from the
General Contractor to the Owner via the Architect for payment.
What is included in the schedule of values? Ans: It represents the
project's budget based on the original estimate, organized by CSI
Divisions.
