- Study guides, Class notes & Summaries
Looking for the best study guides, study notes and summaries about ? On this page you'll find 6 study documents about .
Exam (elaborations)
Cost Estimating Exam Questions And Answers Success Guaranteed.
Define cost estimation - correct answer -A judgment or opinion regarding the cost of an object, commodity, or service. -Projects the cost of hardware, software or services by relating historical cost, performance, schedule, and technical data of similar items or services. -May constitute a single value or range of values. overhead costs, also called burden, are - correct answer indirect costs that benefit multiple programs or contracts, and therefore cannot feasibly be charged dir...
Rechga
Exam (elaborations)
estimating final exam Questions With 100% Verified Answers.
PopularT or F When preparing an estimate, the importance of proper organization and structure cannot be overstated. - correct answer True T or F Labor rates for a company's employees are not overly important when estimating a project - correct answer False The ______________ views of a document set (the plans) are ideal for determining the composition of, or what is in, a wall . - correct answer Section T or F Workers' Compensation is an optional insurance that employers p...
Rechga
Exam (elaborations)
Construction estimating ch. 2 Actual Exam Questions And 100% Verified Correct Answers.
Traditional Estimating Method - correct answer Is an estimating method in which quantities are calculated and entered into ledger sheets for pricing Plan Makeup - correct answer Is the color coding or making off of items during the quantity takeoff process. Ledge Sheet - correct answer Consists of rows and columns on a sheet of paper into which item description, locations, code numbers, quantities, and costs are manually entered into them. Spread Sheets - correct answer ...
Rechga
Exam (elaborations)
Estimating Value Certification Revised Exam Questions With Multiple Choices And Verified Answers.
Valuation - correct answer The act of estimating or setting the value of something Four factors impacting value - correct answer Demand, utility, scarcity, and transferability (DUST) Appraisal - correct answer An estimate of the current value of the property performed by a licensed or certified appraiser Reconciliation - correct answer The process by which an appraiser arrives at an appraised value after comparing two or more approaches to value (e.g., sales comparis...
Rechga
Exam (elaborations)
Chapter 5: Estimating Project Times and Costs Certification Review Exam Questions And Answers Verified Solutions.
Which approach to estimating is usually coordinated by a project manager/office and is a "roll up" of individual estimates from work breakdown structure elements? - correct answer Bottom up Good time and cost estimates are needed within project execution to allow a project manager to do which of the following? - correct answer Support decision making Monitor project progress Schedule work Why is past experience the best starting point for creating quality time and cost es...
Rechga
Exam (elaborations)
Cost Estimation Actual Review Exam Questions Correct Detailed Answers.
Construction Cost Estimate - correct answer An approximation of the financial impact of a future project. Vary in accuracy, depending on the need; order of magnitude estimates are often used for budgeting purposes, while exact estimates are used to secure the funding necessary to complete the project. Highly Accurate Construction Cost Estimates - correct answer Take into account the actual equipment that will be used, all materials, labor, site preparation, acquisition costs, manage...
Rechga