Advanced Estimating Final Exam: Complete Q&A with Verified Solutions-2025/2026

Approximate Estimate - ️️A rough estimate (not very detailed) prepared to determine cost in a short time, or with little design detail Ex. Building square footage. Other Terms for Approximate Estimate - ️️Top-down estimate Schematic Back of Napkin Detailed Estimate - ️️Unit Quantity Method Total Quantity Method Unit Quantity Method - ️️Total cost per each unit quantity of work required (Unit price estimates) Total Quantity Method - ️️Break down each unity quantity into the cost for each part attributable to the cost. (ProEst) Steps for Detail Estimates - ️️Estimator should start thinking through the job as it would be built Step 1 - Skim through docs. (take notes) Step 2 - Have a basic plan for work that needs to be completed