CM 3111 Spring Exam Quizzes and Answers | New
2025/2026 Update | With Complete Solutions
estimate
The probable total cost of a future activity. They occur in all industries and government agencies.
Identify work items to be completed, Measure work items size, Assess likely cost of work
Basic approach to forming an estimate (3 steps):
conceptual, design
_____ estimates are produced from the owner's notion of the construction and lacks _____
details.
value, cost of development
Two primary factors for project feasibility:
cost profile
The _____ _____ of estimates embraces many constituents and some costs are easy to establish.
Preliminary, cost
_____ estimates and _____ planning are prepared as the design develops. They inform whether
the design meets the budget and provides alternative design cost information.
value analysis
_____ _____ involves justifying improvements to the design.
Preliminary
, _____ estimates can be subdivided into groupings of building components by prices.
Preliminary estimating techniques, Detailed estimating techniques
Two main categories of preparing construction estimates:
Project type, Delivery system, Nature of delivery system contracts
Three influential factors in preparing construction estimates:
traditional (design-bid-build)
Project delivery system where the project is fully designed before work begins.
construction management
Project delivery system that facilitates overlap between project stages and allows earlier
completion.
design-build
Project delivery system where a single organization assumes all responsibility.
lump sum
Type of contract that defines the scope of work for a stipulated sum.
cost plus (time and materials)
Type of contract with an uncertain total cost of construction that is used if work must get
underway or is difficult to define. The contract is followed by costing of operations.
unit price
2025/2026 Update | With Complete Solutions
estimate
The probable total cost of a future activity. They occur in all industries and government agencies.
Identify work items to be completed, Measure work items size, Assess likely cost of work
Basic approach to forming an estimate (3 steps):
conceptual, design
_____ estimates are produced from the owner's notion of the construction and lacks _____
details.
value, cost of development
Two primary factors for project feasibility:
cost profile
The _____ _____ of estimates embraces many constituents and some costs are easy to establish.
Preliminary, cost
_____ estimates and _____ planning are prepared as the design develops. They inform whether
the design meets the budget and provides alternative design cost information.
value analysis
_____ _____ involves justifying improvements to the design.
Preliminary
, _____ estimates can be subdivided into groupings of building components by prices.
Preliminary estimating techniques, Detailed estimating techniques
Two main categories of preparing construction estimates:
Project type, Delivery system, Nature of delivery system contracts
Three influential factors in preparing construction estimates:
traditional (design-bid-build)
Project delivery system where the project is fully designed before work begins.
construction management
Project delivery system that facilitates overlap between project stages and allows earlier
completion.
design-build
Project delivery system where a single organization assumes all responsibility.
lump sum
Type of contract that defines the scope of work for a stipulated sum.
cost plus (time and materials)
Type of contract with an uncertain total cost of construction that is used if work must get
underway or is difficult to define. The contract is followed by costing of operations.
unit price
