Exam 16: Budget Estimating

The ____ estimating method can be used with any building layout and provides the estimator the opportunity to account for variables on an overall basis without having to contend with the fine detail of the design.

With the ____ method of estimating, a certain unit that is common to all projects of this type is selected and the number of these units is calculated for each project.

____ estimation methods include price per typical bay, assembly, and elemental estimates.

The ____ of the building is calculated by multiplying the area of the building by the height from the bottom of the gravel under the basement slab-on-grade to the top of the roof surface.

The assembly method of estimating is less accurate than the single-rate methods.

The____ method is the most sophisticated preliminary estimating technique and provides the greatest ability to manage the cost of projects from conception to construction.

Using the ____ method, a building, which may contain hundreds of components, may be reduced to a few assemblies, which can be measured and priced relatively quickly from records of previous assembly costs.

Which of the following is NOT a multi-rate method of preliminary estimating?

____ is the most common method of preliminary estimating.

Using the price per unit estimating method can generate a rough estimate quickly, but the lack of accuracy will render it of little use in cost planning.

____ estimating methods include the price per unit, price per unit area, and price per unit volume.

The ____ is defined as the area of all floors measured to the outside of the containing walls.

Estimators typically turn to preliminary estimating methods to compile a budget estimate when there is too little design information available to put together a detailed estimate.

Single-rate methods of preliminary estimating include all of the following EXCEPT ____________.

Assembly estimating can be a powerful cost control tool since the nature of the assembly, materials, and construction methods can all be defined and these data can be reflected in the estimated price.

Composite unit prices that are custom made for the particular project are superior.

Typical bay estimates are very common because it is easy to find a "typical" bay size.

The typical bay method is more flexible than the assembly method.

Single-rate methods are generally accurate and can be very useful for the cost management of a project.

Preliminary estimating methods can be used to determine a price before working drawings are available.