CMA 385 - Estimating I Chapters 1-3

___ estimates are prepared as the design process proceeds towards completion.

• Rough

• Interim

• Preliminary

• Simple

The levels of ___ estimates include detail takeoff and crew-based estimates.

• final

• closing

• concluding

• finished

The ___ used depend on company practice, the project being estimated, and/or estimator preference.

• pricing parameters

• costing calculations

• financial prodedures

• estimating practices

___ estimates are used to develop various basic project budgets based on a variety of project options and require the least amount of construction documentation to complete.

• Coneptual

• Order of magnitude

• Detail takeoff

• Construction document

___ estimates, also referred to as schematic or model estimates, are based on the building function or the functional area of the building.

• Design development

• Conceptual

• Detail takeoff

• Construction document

___ estimates require completion of the majority of the construction documents and confirm the overall project costs as the design nears completion.

• Construction document

• Detail takeoff

• Order of magnitude

• Design development

At the ___ estimate level, owners commonly compare the costs determined at this level of estimating with bids received from various contractors and subcontractors.

• construction document

• detail takeoff

• design development

• crew-based

A(n) ___ estimate is an estimate in which each individual construction component is accounted for.

• order of magnitude

• detail takeoff

• design development

• conceptual

For ___ estimates, material quantities, equipment, and labor costs are included in a single calculation.

• design takeoff

• design development

• crew-based

• construction document

___ estimates can be developed with various options and pricing to allow the owner to make realistic determinations about options, such as sustainable roofing materials or reuse of surface water, in the context of available financing.

• Order of mangnitude

• Design takeoff

• Conceptual

• Design development