Test Bank for Construction Estimating Using Excel 3th Edition By Steven Peterson, Frank Dagostinon (All Chapters, 100% Original Verified, A+ Grade)

Construction Estimating
Using Excel 3e Steven
Peterson, Frank
Dagostino (Test Bank
All Chapters, 100%
Original Verified, A+
Grade)

, Chapter 1
Exam

Name___________________________________


ESSAY. Write your answer in the space provided or on a separate sheet of paper.

1) What is the definition of estimating?

2) How is the success of a construction company dependent on successful estimating?

3) Why is it important for you to know how to estimate?




1

,Answer Key
Testname: CHAPTER 1


1) "The process of determining the anticipated cost of materials, labor, and equipment of a proposed project" (Means
Illustrated Construction Dictionary, 3 rd Edition Unabridged, RS Means Company, Kingston, MA, p. 221).
2) Good estimating is necessary to obtain construction work and make a profit. Estimate costs too high and you lose
work. Estimate costs to low and you do not make a profit.
3) Estimating is used to determine the costs for bids and change orders and to order construction materials. These duties
are performed by many people within a construction company including owners, estimators, project managers,
superintendents, project engineers, and forepersons.




2

, Chapter 2
Exam

Name___________________________________


ESSAY. Write your answer in the space provided or on a separate sheet of paper.

1) How is the success of a construction company dependent on successful estimating?

2) Why is it important for you to know how to estimate?

3) What is the definition of estimating?




1