Week 4 Building Estimator Quotations
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This document contains questions and answers related to handling subcontractor quotations in building estimation. The questions cover topics like incorporating prices, selecting subcontractors, and dealing with unusual price variations. The document is specifically focused on professional building estimator training.
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WEEK 4 1. WHAT DO THE ESTIMATORS NEED TO DO AFTER RECEIVING THE QUOTATION FROM SUBCONTRACTORS? a. COMPARE AND ADJUDICATE SUBCONTRACTORS' BIDS b. INCORPORATE THE PRICE OF THE PREFERRED SUBCONTRACTOR INTO THE ESTIMATE c. SELECT THE PREFERRED SUBCONTRACTOR d. INCLUDE ANY ADD-ON COSTS...
WEEK 4 1. WHAT DO THE ESTIMATORS NEED TO DO AFTER RECEIVING THE QUOTATION FROM SUBCONTRACTORS? a. COMPARE AND ADJUDICATE SUBCONTRACTORS' BIDS b. INCORPORATE THE PRICE OF THE PREFERRED SUBCONTRACTOR INTO THE ESTIMATE c. SELECT THE PREFERRED SUBCONTRACTOR d. INCLUDE ANY ADD-ON COSTS e. NORMALISE SUBCONTRACTORS' QUOTES 2. IDENTIFY ELEMENTS THAT RELATE TO ENGAGEMENT OF A SUBCONTRACTOR. SELECT ALL THE APPROPRIATE ANSWERS. a. LOWER TIER CONTRACTORS ENGAGED BY THE HEAD CONTRACTOR TO UNDERTAKE SPECIFIC PARTS OF THE WORK b. ANY WORK WHICH THE HEAD CONTRACTOR CHOSEN NOT TO SELF-PERFORM c. PREPARE VARIATION CLAIMS d. REQUEST FOR INFORMATION OF CONTRACT DRAWINGS e. OFTEN TRADE SPECIFIC, FOR EXAMPLE, PLUMBING, ELECTRICAL, STRUCTURAL STEEL. 3. WHEN SELECTING PREFERRED SUBCONTRACTOR'S QUOTATION, AN ESTIMATOR DOES NOT NEED TO CONSIDER NON-FINANCIAL ISSUES. TRUE OR FALSE? a. FALSE b. TRUE 4. WHAT SHOULD AN ESTIMATOR DO WHEN RECEIVING THE ANOMALOUS PRICE OF THE SUBCONTRACTOR'S QUOATION? PLEASE SELECT ALL THE APPROPRIATE ANSWERS. a. CALL THE SUBCONTRACTORS b. ESTIMATE THE LEVEL OF RISK IF THE QUOTATED PRICE OF THE SUBCONTRACTOR CANNOT BE HONOURED c. PRODUCE A CHECK PRICE d. DISREGARD THE LOWEST AND THE HIGHEST QUOTATIONS
