What does an abstract of cost in a construction estimate normally present?
Correct answer: A. Item-wise amounts with the total estimated cost
- A. Item-wise amounts with the total estimated cost
- B. Only the project drawings and specifications
- C. Only the contractor's proposed construction programme
- D. Daily records of labour and equipment use
Explanation
An abstract of cost summarizes the estimated amount for each work item and adds these amounts to show the total cost. Drawings provide design information, while daily resource records are site documentation.
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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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