# 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 in civil engineering MCQs with answers cover topics like house construction cost calculator, home building cost estimate, construction cost estimate, and construction material calculator.

**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

**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

A. Cost index method

B. Market research**C. Quantity takeoff**D. Parametric estimating

**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

A. cost index method

B. Market research

C. Parametric estimating**D. Quantity takeoff**

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

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

A. Quantity takeoff

B. Cost index method

C. Historical cost data**D. Estimating software**

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

A. Market research**B. Quantity takeoff**C. Parametric estimating

D. Cost index method