Estimating and Costing Quiz

What is the role of a quantity surveyor during the pre-construction period?

• Preliminary estimates of the project

• Valuation of variation

• Preparation of final account

• Development of building concepts

What is the purpose of a bill of quantities?

• Helps in cost analysis and cost planning

• Helps in selecting competitive bidders

• Helps in preparation of final payment certificates

• Helps in developing building concepts

What is the maximum percentage of retention money in large contracts?

• 5%

• 8%

• 10%

• 2%

What is the purpose of an interim payment certificate?

• To commission the project

• To prepare the final account

• To enable the contractor to get paid for work done during the project time

• To release the final payment to the contractor

What is the method commonly used for preparing payment certificates?

• By estimation

• Stage by stage

• Minimum payment

• By calendar

What is the purpose of approximate estimation in construction?

• To produce a focus of the possible or probable cost of a project before the building is designed in detail

• To determine the exact cost of a project after the building is completed

• To compare the cost of different construction materials

• To calculate the cost of labor for a construction project

What factors should be considered when choosing the method of approximate estimating to use?

• Information available, available time, degree of accuracy, experience of the estimator

• Type of soil, form of construction, circulation space, maintenance services

• Site location, market conditions, tendering procedures, financial conditions

• Size of the structure, plan shape, wall/floor area ratio, storey height/overall heights

Which method of approximate estimation involves obtaining the total cost of a specific function by referencing a similar unit?

• Unit/functional method

• Cube (cubic content) method

• Superficial method

• Storey enclosure method

What is the volume of a building obtained by in the cube (cubic content) method?

• Area of the floor plan subtracted by the height

• Area of the floor plan added to the height

• Area of the floor plan divided by the height

• Area of the floor plan multiplied by the height

Which method of approximate estimation tries to address the weaknesses of other methods by using weighting factors for storey height, floors, and basement?

• Storey enclosure method

• Cube (cubic content) method

• Unit/functional method

• Superficial method