Deck 16: Budget Estimating

Question 1

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

A)assembly
B)piece
C)elemental
D)labor

Answer 1

C

Question 2

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

Answer 2

False

Question 3

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

Answer 3

False

Question 4

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

Question 5

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

A)Single-rate
B)Bulk-rate
C)Multi-rate
D)Volume

Question 6

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.

A)area
B)coverage
C)volume
D)mass

Question 7

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

Question 8

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.

Question 9

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.

Question 10

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.

A)price per unit
B)single-rate
C)piece
D)job

Question 11

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.

Question 12

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.

A)elemental
B)component
C)piece
D)assembly

Question 13

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

A)Cost per unit area
B)Cost per typical day
C)Assembly estimates
D)Elemental estimates

Question 14

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

A)gross work area
B)gross coverage area
C)gross blanket area
D)gross floor area

Question 15

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

A)Volume
B)Single-rate
C)Bulk-rate
D)Multi-rate

Question 16

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.

A)assembly
B)elemental
C)component
D)unit

Question 17

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

A)cost per unit
B)cost per unit area
C)cost per typical bay
D)cost per unit volume

Question 18

____ is the most common method of preliminary estimating.

A)Price per room
B)Price per unit area
C)Price per day
D)Price per hour

Question 19

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

Question 20

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