CM 3111 Exam 1 Questions and Correct Answers/ Latest Update / Already Graded

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Exam (elaborations)

CM 3111 Exam 1 Questions and Correct Answers/ Latest Update / Already Graded

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2025/2026

Institution Cm 3111

Course Cm 3111

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What is estimating? Ans: determination of probable construction costs for a project What are prepared from the contract documents? Ans: Plans Project manual (specs) What is estimating used for? Ans: establish project budget order materials Profit Margin Ans: provides the general contractor an acceptable rate of return and compensation for the risk associated with the project Liquidated Damages Ans: penalized for late work Page | 2 All rights reserved © 2025/ 2026 | Detailed Estimat

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CM 3111 Exam 1 Questions and Correct
Answers/ Latest Update / Already Graded
What is estimating?

Ans: determination of probable construction costs for a project

What are prepared from the contract documents?

Ans: Plans
Project manual (specs)

What is estimating used for?

Ans: establish project budget
order materials

Profit Margin

Ans: provides the general contractor an acceptable rate of
return and compensation for the risk associated with the
project

Liquidated Damages

Ans: penalized for late work

All rights reserved © 2025/ 2026 |

, Page |2

Detailed Estimates

Ans: determines quantity and cost of everything required for
project (materials, labor, equipment)

Assembly Estimates

Ans: bid by groups of components

Square-foot Estimates

Ans: bid based on average cost per square foot

Model Estimates

Ans: prepares an estimate based upon the answers to a number
of questions

Quantity Takeoff Skills

Ans: read and quantify plans
knowledge of math and geometry
patience
does careful and thorough work

All rights reserved © 2025/ 2026 |

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Uploaded on: March 9, 2026
Number of pages: 8
Written in: 2025/2026
Type: Exam (elaborations)
Contains: Questions & answers

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