Estimating Final Exam || with Accurate Answers 100%.

We put together estimates all the time in our everyday lives, often with little or no calculating. correct answers True The different project delivery systems use the same types of estimates— conceptual, preliminary and detailed—at various stages in the development of the project. correct answers False 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. correct answers True Most general contractors and subtrades enter into cost-plus contracts in order to perform a defined scope of work. correct answers False A(n) ____ in its essence is an assessment of the probable total cost of some future activity. correct answers estimate 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. correct answers conceptual Once the design of a project is underway, budget amounts can be established for the various elements of the project using procedures for a ____ estimate. correct answers preliminary Using a construction management organization seeks to facilitate overlap between project stages, often referred to as ____, to allow earlier completion of the project. correct answers fast tracking ____ contracts are usually the owner's choice of last resort because they can place the owner in a vulnerable financial position. correct answers Cost-plus ____ contracts are based on a pricing schedule that consists of a breakdown of the work and estimated quantities for each of the items on the breakdown. correct answers Unit-price The basis of a ____ is the accurate assessment of the work in the form of a quantity takeoff that can only be obtained from the full design of the project correct answers detailed estimate Construction groups in major cities have formed associations or plan service centers where both public and private bodies may deposit plans and specifications of projects calling for bids. correct answers True In a closed bid system the number of companies invited to bid is typically limited to no more than ten contractors who are known to the owner or designers and who meet the qualification criteria set by the owner. correct answers False