CM 3111 QUESTIONS AND ACCURATE ANSWERS
Estimate - Answers - an assessment of the probable total cost of some future activity
program phase - Answers - prepare conceptual estimates to predict the final cost of the
project
schematic phase - Answers - use preliminary estimates to compile a cost plan; this
establishes a budget for each element
design development phase - Answers - confirm the accuracy of the cost plan budgets
by means of a series of preliminary estimates
contract documents phase - Answers - prepare a final pre-bid estimate to anticipate the
contractors bid amount
contract selection phase - Answers - prepare estimates for contractors and
subcontractors, then submit bids based on these estimates
construction phase - Answers - prepare cost control estimates and compile quotes for
changes in the work
conceptual estimate - Answers - prepared from a minimum amount of information
because it is required at a time when the project is often little more than a vague idea in
the mind of the owner. Primary factors for project feasibility are value and cost
development
preliminary estimate - Answers - prepared as design develops and informs where
design meets budget
cost plan - Answers - summary of all anticipated project expenditures
value analysis - Answers - principles designers use for evaluating the benefits and costs
of a proposed design improvement
1. project type
2. delivery system
3. nature of delivery system contract - Answers - influential factors for preparing
estimates:
Design-Bid-Build Delivery - Answers - traditional delivery system that requires the
project to be fully designed before work begins, and then makes use of a single
Estimate - Answers - an assessment of the probable total cost of some future activity
program phase - Answers - prepare conceptual estimates to predict the final cost of the
project
schematic phase - Answers - use preliminary estimates to compile a cost plan; this
establishes a budget for each element
design development phase - Answers - confirm the accuracy of the cost plan budgets
by means of a series of preliminary estimates
contract documents phase - Answers - prepare a final pre-bid estimate to anticipate the
contractors bid amount
contract selection phase - Answers - prepare estimates for contractors and
subcontractors, then submit bids based on these estimates
construction phase - Answers - prepare cost control estimates and compile quotes for
changes in the work
conceptual estimate - Answers - prepared from a minimum amount of information
because it is required at a time when the project is often little more than a vague idea in
the mind of the owner. Primary factors for project feasibility are value and cost
development
preliminary estimate - Answers - prepared as design develops and informs where
design meets budget
cost plan - Answers - summary of all anticipated project expenditures
value analysis - Answers - principles designers use for evaluating the benefits and costs
of a proposed design improvement
1. project type
2. delivery system
3. nature of delivery system contract - Answers - influential factors for preparing
estimates:
Design-Bid-Build Delivery - Answers - traditional delivery system that requires the
project to be fully designed before work begins, and then makes use of a single
