What is an engineer's estimate in a construction tendering process?
Correct answer: B. The employer's estimate used to assess the reasonableness of bids
- A. The contractor's confidential calculation of expected profit
- B. The employer's estimate used to assess the reasonableness of bids
- C. The final amount certified after all construction defects are corrected
- D. The total value of materials purchased by the contractor
Explanation
An engineer's estimate is prepared for the employer before or during tendering to indicate the expected project cost and help evaluate submitted bids. It is not the contractor's internal profit calculation or the final account.
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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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