2 - Cost Estimating Methods

Question 1

The 3 cost estimating methods are:
_________-unit
______-in-place
______________-survey

Answer 1

Comparative
Unit
Quantity

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Question 2

_______________-unit method is a method used to derive a cost estimate in terms of dollars per unit of area or volume based on known costs of similar structures that are adjusted for market conditions and physical differences

Answer 2

Comparative

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Question 3

T/F - The comparative-unit method is the least used cost estimating method

Answer 3

False, the most used

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Question 4

The 3 methods of the comparative-unit method are:
Construction cost manuals
Market __________
_______ and interviews

Answer 4

Extraction
Surveys

Part 2