CTQP FINAL ESTIMATES LEVEL 2 STUDY GUIDE YEAR

CTQP Final Estimates Level 2




CTQP FINAL ESTIMATES LEVEL 2 STUDY GUIDE YEAR
2025-2026
CTQP Final Estimates Level 2




STUDY GUIDE AND TEST BANK




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official revision




STUDY GUIDE - CTQP Final Estimates Level 2 study guide year 2025-2026 - Page 1

, CTQP Final Estimates Level 2


TABLE OF CONTENTS
1. EXAMINATION STUDY GUIDE AND TEST BANK
2. EXAM STUDY GUIDE
3. Study Tips




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STUDY GUIDE - CTQP Final Estimates Level 2 study guide year 2025-2026 - Page 2

, CTQP Final Estimates Level 2


EXAM STUDY GUIDE AND TEST BANK 2025-2026
Q1: Which document is the basis for preparing construction cost estimates?
A: Plans and specifications – provide scope, dimensions, and materials. ■


Q2: Which type of estimate is prepared during the design phase with limited information?
A: Preliminary estimate – rough approximation based on early plans. ■


Q3: Which method estimates cost based on historical cost per unit of work?
A: Unit price method – multiplies unit cost by quantity. ■


Q4: Which cost component includes labor, materials, and equipment?
A: Direct costs – essential expenses to complete work. ■


Q5: Which cost component covers overhead, insurance, and profit?
A: Indirect costs – support costs not tied to a specific activity. ■




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, CTQP Final Estimates Level 2


Q6: Which type of estimate provides the most accurate cost prediction?
A: Detailed estimate – prepared from complete plans and specifications. ■


Q7: Which estimate is prepared to determine feasibility and budget approval?
A: Conceptual or preliminary estimate – used for planning. ■


Q8: Which method uses a mathematical relationship between project parameters and cost?
A: Parametric estimating – uses cost per square foot or similar metrics. ■


Q9: Which estimate is prepared for competitive bidding by contractors?
A: Bid or contract estimate – detailed pricing for submission. ■


Q10: Which factor accounts for unforeseen events or risks in estimates?
A: Contingency – allowance for uncertainties. ■




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STUDY GUIDE - CTQP Final Estimates Level 2 study guide year 2025-2026 - Page 4