CM 3111 CHAPTER 1 QUESTIONS AND ACCURATE
ANSWERS
building construction estimating - Answers - the determination of probable construction
costs of any given project
working drawings - Answers - the _____ _____ usually contain information relative to
the design, location, dimensions, and construction of the project
project manual - Answers - the _____ _____ is a written supplement to the drawings
and includes information pertaining to materials and workmanship, as well as
information about the bidding process
profit margin - Answers - provides the general contractor an acceptable rate of return
and compensation for the risk associated with the project
indirect - Answers - __________ field costs are also referred to as general conditions or
project overhead costs in building construction
direct - Answers - __________ field costs are the material, labor, equipment, or
subcontracted items that are permanently and physically integrated into the building
detailed estimate - Answers - includes determination of the quantities and costs of
everything that is required to complete the project. this includes materials, labor,
equipment, insurance, bonds, and overhead, as well as an estimate of the profit.
assembly - Answers - in __________ estimating, rather than bidding each of the
individual components of the project, the estimator bids the components in groups
known as assemblies
square-footage estimates - Answers - are prepared by multiplying the square footage of
a building by a cost per square foot and then adjusting the price to compensate for
differences in the buildings heights, length of the building perimeters, and other building
components
parametric estimates - Answers - use equations that express the statistical relationship
between building parameters and the cost of the building
model estimating - Answers - uses computer models to prepare an estimate based on a
number of questions answered by the estimator
project comparison estimates - Answers - are prepared by comparing the cost of a
proposed project to a completed project
ANSWERS
building construction estimating - Answers - the determination of probable construction
costs of any given project
working drawings - Answers - the _____ _____ usually contain information relative to
the design, location, dimensions, and construction of the project
project manual - Answers - the _____ _____ is a written supplement to the drawings
and includes information pertaining to materials and workmanship, as well as
information about the bidding process
profit margin - Answers - provides the general contractor an acceptable rate of return
and compensation for the risk associated with the project
indirect - Answers - __________ field costs are also referred to as general conditions or
project overhead costs in building construction
direct - Answers - __________ field costs are the material, labor, equipment, or
subcontracted items that are permanently and physically integrated into the building
detailed estimate - Answers - includes determination of the quantities and costs of
everything that is required to complete the project. this includes materials, labor,
equipment, insurance, bonds, and overhead, as well as an estimate of the profit.
assembly - Answers - in __________ estimating, rather than bidding each of the
individual components of the project, the estimator bids the components in groups
known as assemblies
square-footage estimates - Answers - are prepared by multiplying the square footage of
a building by a cost per square foot and then adjusting the price to compensate for
differences in the buildings heights, length of the building perimeters, and other building
components
parametric estimates - Answers - use equations that express the statistical relationship
between building parameters and the cost of the building
model estimating - Answers - uses computer models to prepare an estimate based on a
number of questions answered by the estimator
project comparison estimates - Answers - are prepared by comparing the cost of a
proposed project to a completed project
