What isconstruction cost estimate.

Question

Want to see more full solutions like this?

Answer 1

Question

Chapter 1, Problem 1RQ

To determine

What isconstruction cost estimate.

Expert Solution & Answer

Explanation of Solution

Introduction:

Estimate is the assessment of the probable cost of the future project or activity. It is useful for preparing future expenditures and to calculate the cost of something that will be implemented in future. It includes proper analysis and calculation.

The construction cost estimate is a method to forecast the cost of physical structure. The owner of the project use construction cost estimate to determine the project's scope and itsfeasibility, whereas contractors use it for deciding whether to bid on a project or not. The construction cost estimate includes the cost of each and every element from substructure to superstructure. The time and effort used to prepare construction cost estimate saves the project cost and time at the end.

In order to prepare an accurate estimate, all the materials, equipment and labor charges are included. Quantity of every item such asdoors, windows, walls, etc. is determined and a probable cost is assigned.

Conclusion:

Thus, the construction cost estimate is used to forecast the probable cost of the future physical structure. It includes the detailed description of quantity and usage of every element used in the construction with its cost.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Students have asked these similar questions

4-7 Nitrogen (molecular weight 28) expands reversibly in perfectly thermally insulated cylinder from 3.5bar, 200°C to a volume of 0.09m. If the initial volume occupied was 0.03m³, calculate the work done during the expansion. Assume nitrogen to be perfect gas and take Cv = 0.741kJ/kg.K (9.31kJ) 4-8 1kg of air at 1.02bar, 20°C is compressed reversibly according to a law p.V¹³ = const., to a pressure of 5.5bar. Calculate the work done on the air and the heat flow to or from the cylinder walls during the compression. (133.5kJ/kg; -33.38kJ/kg)

able to help me with the question below with references (APA) for revision purpose Structural InvestigationThe Building Maintenance and Strata Management Act 2004 interprets “Structural elements,for a building means an internal or external load-bearing component of the building or part ofthe building that is essential to the stability of the building but exclude any door or window.”Loading-bearing components such as wall, column or beam, etc, are subjected to externalforces. (a) Interpret the diagnosis of a structural defect and discuss FOUR (4) external forces ona structure element that may cause structural cracks.(b) Discuss the effects of alkali-silica reaction on concrete structures and formulateFOUR (4) preventive measures.(c) Discuss the differences between chloride attack and sulphate attack on concretestructures(d) Formulate preventive measures to prevent or reduce chloride and sulphate attack onconcrete structures Hard FinishesNatural timber flooring such as timber strips…

Determine the following "Side Shot" elevations given the following information:

Answer 2

Question

Chapter 1, Problem 1RQ

To determine

What isconstruction cost estimate.

Expert Solution & Answer

Explanation of Solution

Introduction:

Estimate is the assessment of the probable cost of the future project or activity. It is useful for preparing future expenditures and to calculate the cost of something that will be implemented in future. It includes proper analysis and calculation.

The construction cost estimate is a method to forecast the cost of physical structure. The owner of the project use construction cost estimate to determine the project's scope and itsfeasibility, whereas contractors use it for deciding whether to bid on a project or not. The construction cost estimate includes the cost of each and every element from substructure to superstructure. The time and effort used to prepare construction cost estimate saves the project cost and time at the end.

In order to prepare an accurate estimate, all the materials, equipment and labor charges are included. Quantity of every item such asdoors, windows, walls, etc. is determined and a probable cost is assigned.

Conclusion:

Thus, the construction cost estimate is used to forecast the probable cost of the future physical structure. It includes the detailed description of quantity and usage of every element used in the construction with its cost.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 3

Question

Chapter 1, Problem 1RQ

To determine

What isconstruction cost estimate.

Expert Solution & Answer

Explanation of Solution

Introduction:

Estimate is the assessment of the probable cost of the future project or activity. It is useful for preparing future expenditures and to calculate the cost of something that will be implemented in future. It includes proper analysis and calculation.

The construction cost estimate is a method to forecast the cost of physical structure. The owner of the project use construction cost estimate to determine the project's scope and itsfeasibility, whereas contractors use it for deciding whether to bid on a project or not. The construction cost estimate includes the cost of each and every element from substructure to superstructure. The time and effort used to prepare construction cost estimate saves the project cost and time at the end.

In order to prepare an accurate estimate, all the materials, equipment and labor charges are included. Quantity of every item such asdoors, windows, walls, etc. is determined and a probable cost is assigned.

Conclusion:

Thus, the construction cost estimate is used to forecast the probable cost of the future physical structure. It includes the detailed description of quantity and usage of every element used in the construction with its cost.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 4

Question

Chapter 1, Problem 1RQ

To determine

What isconstruction cost estimate.

Expert Solution & Answer

Explanation of Solution

Introduction:

Estimate is the assessment of the probable cost of the future project or activity. It is useful for preparing future expenditures and to calculate the cost of something that will be implemented in future. It includes proper analysis and calculation.

The construction cost estimate is a method to forecast the cost of physical structure. The owner of the project use construction cost estimate to determine the project's scope and itsfeasibility, whereas contractors use it for deciding whether to bid on a project or not. The construction cost estimate includes the cost of each and every element from substructure to superstructure. The time and effort used to prepare construction cost estimate saves the project cost and time at the end.

In order to prepare an accurate estimate, all the materials, equipment and labor charges are included. Quantity of every item such asdoors, windows, walls, etc. is determined and a probable cost is assigned.

Conclusion:

Thus, the construction cost estimate is used to forecast the probable cost of the future physical structure. It includes the detailed description of quantity and usage of every element used in the construction with its cost.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 5

Chapter 1, Problem 1RQ

To determine

What isconstruction cost estimate.

Expert Solution & Answer

Explanation of Solution

Introduction:

Estimate is the assessment of the probable cost of the future project or activity. It is useful for preparing future expenditures and to calculate the cost of something that will be implemented in future. It includes proper analysis and calculation.

The construction cost estimate is a method to forecast the cost of physical structure. The owner of the project use construction cost estimate to determine the project's scope and itsfeasibility, whereas contractors use it for deciding whether to bid on a project or not. The construction cost estimate includes the cost of each and every element from substructure to superstructure. The time and effort used to prepare construction cost estimate saves the project cost and time at the end.

In order to prepare an accurate estimate, all the materials, equipment and labor charges are included. Quantity of every item such asdoors, windows, walls, etc. is determined and a probable cost is assigned.

Conclusion:

Thus, the construction cost estimate is used to forecast the probable cost of the future physical structure. It includes the detailed description of quantity and usage of every element used in the construction with its cost.

Answer 6

Chapter 1, Problem 1RQ

To determine

What isconstruction cost estimate.

Expert Solution & Answer

Explanation of Solution

Introduction:

Estimate is the assessment of the probable cost of the future project or activity. It is useful for preparing future expenditures and to calculate the cost of something that will be implemented in future. It includes proper analysis and calculation.

The construction cost estimate is a method to forecast the cost of physical structure. The owner of the project use construction cost estimate to determine the project's scope and itsfeasibility, whereas contractors use it for deciding whether to bid on a project or not. The construction cost estimate includes the cost of each and every element from substructure to superstructure. The time and effort used to prepare construction cost estimate saves the project cost and time at the end.

In order to prepare an accurate estimate, all the materials, equipment and labor charges are included. Quantity of every item such asdoors, windows, walls, etc. is determined and a probable cost is assigned.

Conclusion:

Thus, the construction cost estimate is used to forecast the probable cost of the future physical structure. It includes the detailed description of quantity and usage of every element used in the construction with its cost.

Answer 7

Chapter 1, Problem 1RQ

To determine

What isconstruction cost estimate.

Answer 8

Expert Solution & Answer

Explanation of Solution

Introduction:

Estimate is the assessment of the probable cost of the future project or activity. It is useful for preparing future expenditures and to calculate the cost of something that will be implemented in future. It includes proper analysis and calculation.

The construction cost estimate is a method to forecast the cost of physical structure. The owner of the project use construction cost estimate to determine the project's scope and itsfeasibility, whereas contractors use it for deciding whether to bid on a project or not. The construction cost estimate includes the cost of each and every element from substructure to superstructure. The time and effort used to prepare construction cost estimate saves the project cost and time at the end.

In order to prepare an accurate estimate, all the materials, equipment and labor charges are included. Quantity of every item such asdoors, windows, walls, etc. is determined and a probable cost is assigned.

Conclusion:

Thus, the construction cost estimate is used to forecast the probable cost of the future physical structure. It includes the detailed description of quantity and usage of every element used in the construction with its cost.