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CM 3111 EXAM 1 QUESTIONS AND ANSWERS 100% PASS 2026 EDITION

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CM 3111 EXAM 1 QUESTIONS AND ANSWERS 100% PASS 2026 EDITION

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CM 3111 EXAM 1 QUESTIONS AND
ANSWERS 100% PASS 2026 EDITION




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


Detailed Estimates - ANS determines quantity and cost of everything required for project
(materials, labor, equipment)


Assembly Estimates - ANS bid by groups of components




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