12 Questions
Why is it important to conduct a market survey before purchasing materials?
To get the latest market cost of materials
What is emphasized as a key factor in purchasing material during the installation of a project?
Market surveying
Why should a person be fully expert in field when conducting market survey and purchasing material?
To avoid being deceived by shopkeepers
What is the purpose of obtaining a price list from shopkeepers during a market survey?
To obtain up-to-date market rates
Why should the price list obtained during the market survey be considered during estimating and costing?
To ensure accurate cost estimation
What can mistakes or carelessness in purchasing material without a market survey lead to?
Addition to the cost of electrical installation
Why is it important to have a good estimator according to the text?
To ensure the project is completed on time and within budget
What consequences can occur if the money is misused during material purchase?
Midway stoppage of work due to shortage of funds
What aspect should a good estimator always consider while estimating a project?
Keeping provision for future extension
Why is it recommended for an estimator to inspect the ongoing project from time to time?
To ensure the project aligns with the estimate and quality standards
What is one of the essential elements of estimating and costing mentioned in the text?
Latest market cost of material
How can not having a proper estimation list affect purchasing necessary material?
'Purchasing smaller or excess quantity' due to lack of continuous work
Explore the difficulties faced in purchasing necessary materials without proper estimation, including the misuse of money, delays in completion, and potential impact on related projects. Test your understanding of the consequences of inadequate material planning.
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