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construction estimating midterm actual exam test
1.
Throughout the
estimating process,
must make judgment
calls re- garding techniques, pricing, and people, and they often
put their reputations
on the line.: estimators
2.
Often during
construction operations the owner or the designer asks the
contractor to quote prices for proposed
in the scope of work.:
changes
3.
Estimating is a
distinct function in the
field and focuses on
the
costs of a construction project.: construction management
4.
An
in its essence is an assessment of the probable
total cost of
some future activity.: estimate
5.
The
estimate is prepared from a minimum
amount of information because it is required at a time when the
project is often little more than a
vague idea in the mind of the
owner. There will be few if any design details at this stage because
the design process will not begin until the owner is satisfied that the
cost of proceeding with it is justified.: conceptual
6.
Once the
turns the project over to the
project manager and the on-site team, the estimator shifts to a
support role and really has no direct
management duties
associated with the day-to-day operations. (select the best answer):
estimator
7.
Cost budgets are compiled in
a
that is a summary of all
antici- pated project expenditures. The budget amounts contained
