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Questions and Answers
What does Construction Cost include?
How has an estimate traditionally been viewed?
Besides direct costs, what else is added to determine the bid price of a project?
What are the distinct tasks involved in estimating?
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What is the primary purpose of estimating in construction projects?
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What is the purpose of lump-sum estimates in construction projects?
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How does the Construction Specification Institute (CSI) approach differ from the Work Breakdown Structure (WBS) approach in organizing work items?
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In a unit-price estimate for a construction project, what does the cost per unit include?
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When are negotiated work estimates typically used in construction projects?
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What is the first step in preparing a cost estimate for a construction project?
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