Quantity Survey Flashcards
What is a bill of quantities?
A bill of quantities is a document used in the construction industry to provide a list of quantities, descriptions, and prices of items needed for a construction project.
What is the purpose of a takeoff in construction?
The purpose of a takeoff in construction is to calculate the quantities of materials needed for a project based on the drawings and specifications.
What is estimation in the context of construction?
Estimation in construction refers to the process of predicting the cost of a construction project based on available information and analysis.
True or False: Contracts in construction are legally binding agreements that outline the terms and conditions of a project.
True
What is the difference between a lump sum contract and a unit price contract?
A lump sum contract sets a fixed price for the entire project, while a unit price contract sets prices for each unit of work completed.
What is the purpose of including contingency funds in a construction estimate?
Contingency funds are included in a construction estimate to account for unforeseen circumstances or changes in the project that may impact costs.
What is the role of a quantity surveyor in the construction industry?
A quantity surveyor is responsible for estimating and managing the costs of a construction project, including preparing bills of quantities and evaluating tenders.
Fill in the blank: A bill of quantities typically includes a detailed ________ of all materials, labor, and equipment required for a construction project.
breakdown
What is the purpose of a cost estimate in construction?
The purpose of a cost estimate in construction is to provide an approximation of the total cost of a project based on the scope of work and other factors.
True or False: A cost estimate is always an accurate prediction of the final cost of a construction project.
False
What factors should be considered when preparing a construction estimate?
Factors such as material costs, labor costs, equipment costs, overhead expenses, profit margins, and contingency funds should be considered when preparing a construction estimate.
What is the difference between a bid and an estimate in construction?
A bid is a formal offer to perform a project at a specific price, while an estimate is a calculation of the expected cost of a project.
What is the purpose of the takeoff process in construction?
The purpose of the takeoff process in construction is to accurately quantify the materials needed for a project based on the drawings and specifications.
What is the role of a contractor in a construction project?
A contractor is responsible for overseeing the construction work, managing subcontractors, and ensuring that the project is completed according to the contract.
True or False: A bill of quantities is used to calculate the final cost of a construction project.
False