Level 1 - Order of cost Estimates Flashcards
1
Q
What is a functional unit method?
A
The unit rate that, when multiplied by the number of functional units, gives the total building works estimate
2
Q
what is a GIFA estimate?
A
The unit rate that, when multiplied by the GIFA, gives the total building works estimate
3
Q
What is an elemental estimate?
A
Sets cost budget by breaking down the costs elementally
