1 / 21
Estimating Final Exam test accurate solutions
1.
We put together estimates all the time in our everyday lives,
often with little or no calculating.:
True
2.
The different project delivery systems use the same types of
estimates—conceptual, preliminary and detailed—at various
stages in the development of the project.:
False
3.
With the design- build method, the owner indicates that he or
she requires a certain facility and usually outlines some parameters
relating to location, size, design and the desired time of
occupancy.:
True
4. Most general contractors and subtrades enter into cost-plus
contracts in
order to perform a defined scope of work.:
False
5.
A(n)
in its essence is an assessment of the probable
total cost of some
future activity.: estimate
6.
A
estimate has to be 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.:
conceptual
7.
O
nce the design of a project is underway, budget amounts can be
estab-lished for the various elements of the project using
procedures for a
estimate.: preliminary
8.
Using a construction
management organization seeks to facilitate overlap between
project stages, often referred to as
, to allow earlier
completion
of the project.: fast tracking
9.
contracts are usually the owner's choice of last resort
