A detailed construction estimate is normally prepared using which basis?
Correct answer: B. Completed drawings, specifications, and measured quantities
- A. A rough project description and an assumed profit margin
- B. Completed drawings, specifications, and measured quantities
- C. The contractor's previous invoice and current bank balance
- D. The site area alone and a general market allowance
Explanation
A detailed estimate is based on developed drawings, technical specifications, quantity take-off, and analysed rates. A rough project description is more appropriate for an early preliminary estimate, not a detailed one.
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About Construction Management and Estimation
Construction management covers planning, scheduling, resource control, contracts, procurement, site organisation, safety, quality assurance and project documentation. Estimation includes quantity take-off, rate analysis, bill preparation, valuation and cost control, with attention to the difference between direct and indirect costs and between an estimate, a tender and a final account.
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