
values engineering, cons est.
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1.
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1 min • 1 pt
It is the process of anticipating the expense of building a
physical structure. This step is essential, and one of the most crucial
in the construction process. Estimators need to be as accurate as
possible because profit margins (the livelihood of contractors) are
impacted if any estimated direct and indirect costs for the project are
off by even the slight amount.
2.
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1 min • 1 pt
Cost Estimating Key Components
3.
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1 min • 1 pt
are costs and expenses that are accountable directly for a specific
activity in construction work.
4.
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1 min • 1 pt
Some examples of ______ are: Materials,
Field workers (labor), and
Equipment
5.
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1 min • 1 pt
are expenses of items that are not allocated directly for specific
construction activities. These are called overhead costs.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
which are not example of indirect costs
Quality control
Security costs
Legal fees & permit
Materials
7.
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1 min • 1 pt
Types of Construction Estimate
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