CMGT Final 6 Study Guide, Practice Questions and Complete Exam Review 2026
summary of probable costs of materials, labor, and equipment - ✔✔what is a construction
estimate?
property - ✔✔which of the following is not a cost category in the construction estimate?
rough order of magnitude estimate - ✔✔when meeting with a client for the first time, the
estimate type we might use to help establish a rough budget is:
meet with owner - ✔✔which is not one of the four preparation steps taken to start the
estimating process when competing for a project?
indirect costs incurred to construct a project and run a job - ✔✔what are general conditions?
identifies all of the items of work to be performed under a specific trade - ✔✔what is a scope
sheet?
when the project is complete and all actual costs are known - ✔✔when do you know the true
accuracy of your estimate?
b and c. if you overestimate you may not win the job, if you underestimate you will loose money
on job - ✔✔what might be the consequences of an inaccurate estimate?
digitizer - ✔✔an electronic pen-shaped stylus or mouse curser used in conjunction with
software to assist the take-off task is a
design-build - ✔✔conceptual estimate is commonly used in what type of project delivery?
summary of probable costs of materials, labor, and equipment - ✔✔what is a construction
estimate?
property - ✔✔which of the following is not a cost category in the construction estimate?
rough order of magnitude estimate - ✔✔when meeting with a client for the first time, the
estimate type we might use to help establish a rough budget is:
meet with owner - ✔✔which is not one of the four preparation steps taken to start the
estimating process when competing for a project?
indirect costs incurred to construct a project and run a job - ✔✔what are general conditions?
identifies all of the items of work to be performed under a specific trade - ✔✔what is a scope
sheet?
when the project is complete and all actual costs are known - ✔✔when do you know the true
accuracy of your estimate?
b and c. if you overestimate you may not win the job, if you underestimate you will loose money
on job - ✔✔what might be the consequences of an inaccurate estimate?
digitizer - ✔✔an electronic pen-shaped stylus or mouse curser used in conjunction with
software to assist the take-off task is a
design-build - ✔✔conceptual estimate is commonly used in what type of project delivery?
