Science Engineering Civil Engineering
ESTIMATES LEVEL 2 TEST QUESTIONS AND
ANSWERS
2025
Estimating Final Exam
Flashcard sets Study guides
Practice questions for this set
We put together estimates all the time in True
our everyday lives, often with little or no
calculating.
The different project delivery systems use False
the same types of estimates— conceptual,
preliminary and detailed—at various stages
in the development of the project.
, With the design- build method, the owner True
indicates that he or she requires a certain
facility and usually outlines some
parameters relating to location, size, design
and the desired time of occupancy.
Most general contractors and subtrades False
enter into cost-plus contracts in order to
perform a defined scope of work.
A(n) __ in its essence is an assessment of estimate
the probable total cost of some future
activity.
A ___estimate has to be prepared from a conceptual
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.
Once the design of a project is underway, preliminary
budget amounts can be established for the
various elements of the project using
procedures for a___ estimate.
Using a construction management fast tracking
organization seeks to facilitate overlap
between project stages, often referred to
as __ , to allow earlier completion of the
project.
____ contracts are usually the owner's choice Cost-plus
of last resort because they can place the
owner in a vulnerable financial position.
____ contracts are based on a pricing Unit-price
schedule that consists of a breakdown of
the work and estimated quantities for each
of the items on the breakdown.
The basis of a___ is the accurate detailed estimate
assessment of the work in the form of a
quantity takeoff that can only be obtained
from the full design of the project
Construction groups in major cities have True
formed associations or plan service centers
where both public and private bodies may
deposit plans and specifications of projects
calling for bids.
In a closed bid system the number of False
companies invited to bid is typically limited
to no more than ten contractors who are
known to the owner or designers and who
meet the qualification criteria set by the
owner.
An effective way to proceed with the False
planning of estimating operations is
achieved by means of a simple line chart
form of time schedule.
ESTIMATES LEVEL 2 TEST QUESTIONS AND
ANSWERS
2025
Estimating Final Exam
Flashcard sets Study guides
Practice questions for this set
We put together estimates all the time in True
our everyday lives, often with little or no
calculating.
The different project delivery systems use False
the same types of estimates— conceptual,
preliminary and detailed—at various stages
in the development of the project.
, With the design- build method, the owner True
indicates that he or she requires a certain
facility and usually outlines some
parameters relating to location, size, design
and the desired time of occupancy.
Most general contractors and subtrades False
enter into cost-plus contracts in order to
perform a defined scope of work.
A(n) __ in its essence is an assessment of estimate
the probable total cost of some future
activity.
A ___estimate has to be prepared from a conceptual
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.
Once the design of a project is underway, preliminary
budget amounts can be established for the
various elements of the project using
procedures for a___ estimate.
Using a construction management fast tracking
organization seeks to facilitate overlap
between project stages, often referred to
as __ , to allow earlier completion of the
project.
____ contracts are usually the owner's choice Cost-plus
of last resort because they can place the
owner in a vulnerable financial position.
____ contracts are based on a pricing Unit-price
schedule that consists of a breakdown of
the work and estimated quantities for each
of the items on the breakdown.
The basis of a___ is the accurate detailed estimate
assessment of the work in the form of a
quantity takeoff that can only be obtained
from the full design of the project
Construction groups in major cities have True
formed associations or plan service centers
where both public and private bodies may
deposit plans and specifications of projects
calling for bids.
In a closed bid system the number of False
companies invited to bid is typically limited
to no more than ten contractors who are
known to the owner or designers and who
meet the qualification criteria set by the
owner.
An effective way to proceed with the False
planning of estimating operations is
achieved by means of a simple line chart
form of time schedule.
