CM 3111 MODULE 1 QUIZ (AEA) | QUESTIONS AND ANSWERS | 2026 UPDATE | WITH COMPLETE SOLUTIONS | RATED 100% CORRECT.

,
, CM 3111 MODULE 1 QUIZ (AEA) |
QUESTIONS AND ANSWERS | 2026
UPDATE | WITH COMPLETE SOLUTIONS |
RATED 100% CORRECT.



SECTION 1: ESTIMATING FUNDAMENTALS AND
DEFINITIONS (Questions 1-10)




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 Study Guide