Construction Cost Estimating
Quiz by Amber Snyder
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10 questions
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- Q1What governing document discussed in the lecture details construction cost estimating philosophies and procedures?UFC 1-200-02UFC 3-740-05UFC 3-201-01UFC 4-010-10300s
- Q2True or false? All costs, which a prudent, experienced contractor would expect to incur, should be included in the cost estimate.TrueFalse300s
- Q3Which is not a method of estimating construction costs?Project ComparisonSquare Foot/Square Meter EstimatingQuantity Take Off (QTO)They are all methods of estimating construction costs300s
- Q4When do you NOT prepare a cost estimate for Military Construction (MILCON) projects?Construction PhaseDesign PhasePost-Construction PhasePlanning Phase300s
- Q5What is the level of accuracy for a Quantity Take-Off Estimate?-15% to +25%-25% to +40%-7.5% to +10%-10% to +15%300s
- Q6This type of project requires cost estimates at 15%, 35%, and 65%Prime BEEF TTPsDesign BuildDesign Bid BuildMILCON300s
- Q7True or False As long as you have accurate maps/drawings, doing a site visit is unnecessary prior to completing the cost estimate.FalseTrue300s
- Q8Indirect costs include which of the following:ProfitLaborSubcontracted costsMaterials300s
- Q9True or False The standard for Statement of Work formatting can be found on ePubs.FalseTrue300s
- Q10True or False Cost Estimating is completely up to the Cost Engineer, and other subject matter experts should not be involved with providing assistance.FalseTrue300s