CHAPTER 1

Question 1

It means estimating of quantities of different items of works.

Answer 1

Quantity Surveying

Question 2

They make sure that the costs of large construction and infrastructure projects are accurately estimated based on initial requirements and project specifications.

Answer 2

Quantity Surveyors

Question 3

It is the art and science of predicting the cost of a project before it begins, based on the information available at the time.

Answer 3

Estimating

Question 4

T YPES OF ESTIMATES

Answer 4

Preliminary Estimates
Detailed Estimates
Quantity Estimates
Bid Estimates
Cost Estimates

Question 5

Gives idea on how much a total project will cost.

Done at the beginning of the project when only limited information isavailable.

Answer 5

Preliminary Estimates

Question 6

Contains details of cost, rate, description of all required goods, etc.

Used as a budget estimate.

Answer 6

Detailed Estimates

Question 7

Includes complete quantitative details of material required to complete the project along with its cost

Answer 7

Quantity Estimates

Question 8

Calculated with an expectation to win a project.

Calculated based on standard industry costs or past projects.

Answer 8

Bid Estimates

Question 9

Types of Cost Estimates

Answer 9

1. Historical Estimates
2. Parametric Estimates
3. Bottom-up Estimates

Question 10

Taken from past similar projects. Usually used for residential projects.

Less accurate and is used only for initial stages.

Answer 10

Historical Estimate

Question 11

Taken using standard per unit rate and then multiplies with the dimensions.

Answer 11

Parametric Estimate

Question 12

The basic work is estimate first and then progressively costs the more complex works.

Should be used only when sufficient information is available.

Answer 12

Bottom-up Estimate

Question 13

It offers detailed and uniform information to all bidders regarding the project with the aim of soliciting competitive bids.

Answer 13

Invitation to Bid (ITB)

Question 14

Variety of operations, procedures, and indirect costs that are not directly linked to construction but are still essential for executing the project successfully.

Includes project management, safety compliance, temporary facilities(TEMFACIL), and waste removal.

Answer 14

General Conditions

Question 15

Terms and conditions or provisions which establish specific and peculiar rights and obligations of the parties involved in the Contract.

Modifies or supplements the general conditions to accommodate specific requirements of a project.

Answer 15

Special Conditions

Question 16

Document that outlines all the terms and conditions of a bid on construction project

Answer 16

Bid Form