What is the purpose of cost index method in construction cost estimation ?
A. To adjust historical cost data to current cost levels
B. To calculate the cost of labor
C. To determine the project schedule
D. To evaluate project risks
Estimating and Costing
Estimating and costing in civil engineering MCQs with answers cover topics like house construction cost calculator, home building cost estimate, construction cost estimate, and construction material calculator.
What is the purpose of approximate quantity estimation in construction projects ?
A. To provide a rough estimate of project costs.
B. To calculate the cost of labor
C. To determine the project schedule
D. To evaluate project risks
Which of the following is a method used to estimate the cost of plumbing works in construction projects ?
A. Cost index method
B. Market research
C. Quantity takeoff
D. Parametric estimating
What is the purpose of a valuation in construction projects ?
A. To calculate the current market value of a property
B. To estimate the future profitability of the project
C. To determine the project schedule
D. To evaluate project risks
Which of the following is a method used to estimate the cost of electrical works in construction projects ?
A. cost index method
B. Market research
C. Parametric estimating
D. Quantity takeoff
What is the purpose of overhead costs in construction cost estimation ?
A. To account for indirect costs associated with the projectB. To finance future projectsC. To cover direct construction costsD. To allocate funds for project management
What is the purpose of rate analysis in construction projects ?
A. To evaluate project risks
B. To establish the rates of various items of work and materials.
C. To determine the project schedule
D. To calculate the cost of materials and labor
Which of the following is NOT a component of the cost estimation process ?
A. Quantity takeoff
B. Cost index method
C. Historical cost data
D. Estimating software
What is the purpose of a bill of quantities in construction projects ?
A. To calculate the cost of labor
B. To provide a detailed list of items and quantities for construction work
C. To determine the project schedule
D. To evaluate project risks
Which of the following is a method used to estimate the cost of earthwork in construction projects ?
A. Market research
B. Quantity takeoff
C. Parametric estimating
D. Cost index method