B3 - Estimate Job Cost - LT #6

Question 1

Why is cost estimation impotant?

Answer 1

Predict overall cost gives an accurate quote

Ordering materials

Keeping waste down

Predict time and project length

Question 2

What printed text is considered the bible of construction estimating?

Answer 2

Walker’s Building Estimator’s Reference Book

Question 3

Why does the “wall type” have to be entered when doing a wall take-off?

Answer 3

Wall types may be identified by codes and each one could be made up of different building materials, finishes, fire resistances.

Question 4

Describe what a database is:

Answer 4

The system within a computer that stores the information you need to build your estimate.

Question 5

Why are labor costs entered in the database as hours per unit rather than dollars per unit for each task to be completed?

Answer 5

Cost per hour may change, but the time it takes to complete a task won’t.

Question 6

Best way to estimate labor costs?

Answer 6

Labor time per unit of construction development.

Question 7

What does a well put together bid say:

Answer 7

The contractor is professional and thorough and cares about the work he/she does.