©NINJANERD 2024/2025. YEAR PUBLISHED 2024.
CM 3111 Exam Questions and Verified
Answers 100% Guaranteed Pass
Estimate - ✔✔an assessment of the probable total cost of some future
activity
program phase - ✔✔prepare conceptual estimates to predict the final cost
of the project
schematic phase - ✔✔use preliminary estimates to compile a cost plan; this
establishes a budget for each element
design development phase - ✔✔confirm the accuracy of the cost plan
budgets by means of a series of preliminary estimates
contract documents phase - ✔✔prepare a final pre-bid estimate to
anticipate the contractors bid amount
contract selection phase - ✔✔prepare estimates for contractors and
subcontractors, then submit bids based on these estimates
construction phase - ✔✔prepare cost control estimates and compile quotes
for changes in the work
, ©NINJANERD 2024/2025. YEAR PUBLISHED 2024.
conceptual estimate - ✔✔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 - ✔✔prepared as design develops and informs where
design meets budget
cost plan - ✔✔summary of all anticipated project expenditures
value analysis - ✔✔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 - ✔✔influential factors for preparing
estimates:
Design-Bid-Build Delivery - ✔✔traditional delivery system that requires the
project to be fully designed before work begins, and then makes use of a
single contractor who assumes responsibility for constructing the entire
project on the terms of a lump-sum contract with the owner
Construction Management Delivery - ✔✔delivery system that seeks to
facilitate overlap between project stages, often referred to as fast tracking,
CM 3111 Exam Questions and Verified
Answers 100% Guaranteed Pass
Estimate - ✔✔an assessment of the probable total cost of some future
activity
program phase - ✔✔prepare conceptual estimates to predict the final cost
of the project
schematic phase - ✔✔use preliminary estimates to compile a cost plan; this
establishes a budget for each element
design development phase - ✔✔confirm the accuracy of the cost plan
budgets by means of a series of preliminary estimates
contract documents phase - ✔✔prepare a final pre-bid estimate to
anticipate the contractors bid amount
contract selection phase - ✔✔prepare estimates for contractors and
subcontractors, then submit bids based on these estimates
construction phase - ✔✔prepare cost control estimates and compile quotes
for changes in the work
, ©NINJANERD 2024/2025. YEAR PUBLISHED 2024.
conceptual estimate - ✔✔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 - ✔✔prepared as design develops and informs where
design meets budget
cost plan - ✔✔summary of all anticipated project expenditures
value analysis - ✔✔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 - ✔✔influential factors for preparing
estimates:
Design-Bid-Build Delivery - ✔✔traditional delivery system that requires the
project to be fully designed before work begins, and then makes use of a
single contractor who assumes responsibility for constructing the entire
project on the terms of a lump-sum contract with the owner
Construction Management Delivery - ✔✔delivery system that seeks to
facilitate overlap between project stages, often referred to as fast tracking,
