CM 3111 MODULE 3 QUIZ | QUESTIONS AND ANSWERS | 2026 UPDATE | 100% CORRECT | WITH COMPLETE SOLUTIONS - LSU.

,
, CM 3111 MODULE 3 QUIZ | QUESTIONS
AND ANSWERS | 2026 UPDATE | 100%
CORRECT | WITH COMPLETE SOLUTIONS
- LSU.



SECTION 1: ESTIMATING FUNDAMENTALS (Questions 1-
8)




Question 1
Building construction estimating is the determination of:

A) The final cost of a completed project
B) Probable construction costs of any given project
C) The architect's design fees
D) The owner's budget for a project

Answer: B) Probable construction costs of any given project

Rationale: Building construction estimating is defined as the determination
of probable construction costs of any given project . Since estimates are
prepared before construction begins, they relate to future costs and contain
an element of approximation. The actual cost is only known after the project
is completed.

Section: Estimating Fundamentals
Source: CM 3111 Exam 1