Fundamentals Of Construction Estimating
4th Edition
ISBN: 9781337399395
Author: Pratt, David J.
Publisher: Cengage,
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Chapter 2, Problem 9RQ
To determine
The meaning of team approach in estimationand the way it can help an estimator.
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what are the advantages and disadvantages of using computerised estimating software? Explain
If data are clearly in error or deviate from the “typical or expected” values, describe possible reasons in a concise narrative within the Aggregate laboratory.
• Application of Qualitative methods, Quantitative methods and
particularly Artificial intelligence including machine learning and deep
learning methods in identification and prioritization of cost overrun
causes in construction industry.
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Fundamentals Of Construction Estimating
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- Question 3 Elucidate the tasks of the quantity surveyor in the estimating team for various types of construction businesses and state your point of view on estimating function in the mentioned various types of construction businesses.arrow_forwardChapter 1 Managerial Accounting and the Business Environment True/False Questions 1. Although financial and managerial accounting differ in many ways, they are similar in that both rely on the same underlying financial data. Answer: True Level: Medium LO: 1 2. Managerial accounting is a branch of financial accounting and serves essentially the same purposes as financial accounting. Answer: False Level: Medium LO: 1 3. Managerial accounting places greater emphasis on the future than financial accounting, which is primarily concerned with the past. Answer: True Level: Easy LO: 1 4. Managerial accounting is not needed in a non-profit or governmental organization. Answer: False Level: Easy LO: 1 5. When carrying out their planning activities, managers select a course of action and specify how the action will be implemented.arrow_forwardAnswer all questions below a) there are a few different types of estimate models Compare between Engineering estimate (Bottom-up) and Top-Down estimate in terms of i) Accuracy ii) agility iii) task tolerance iv) explain the advantage and disadvantages of each onearrow_forward
- critique for Predicting Construction Cost Using Multiple Regression Techniquesarrow_forward1. Are qualitative and quantitative researchers simply trying to answer the same questions but in different ways? 2. What kinds of research replications may be seen as making a potential contribution to new knowledge?arrow_forwardWhat are the difference of quantitative and qualitative data in collection procedure?arrow_forward
- EXPLAIN THE DIFFERENT QUANTITATIVE TECHNIQUES IN SOLVING PROBLEMS. WHAT TECHNIQUES ARE USEFUL IN DECISION MAKING?arrow_forward4. Introduction section in the proposal consists of the followings: a) Statement of the problem b) Data collection c) Conclusions d) Recommendations 5. Which of the following best describes quantitative research? a) The collection of non-numerical data b) An attempt to confirm the researcher's hypotheses c) Research that is exploratory d) Research that attempts to generate a new theoryarrow_forwardTHEORY OF STRUCTURES Questions requiring numerical computations and answers must be supported by fully illustrated solutions in order to get credit. Therefore, incomplete Free-Body diagrams will mean no credit. Final answer without correct solution is considered wrong. Solutions must be correct to get full credit. Wrong solution with correct final answer is wrong. Solutions must be presented in an orderly manner, based on the order of questions, to ensure proper assessment. Solutions must be handwritten, and erasures must be avoided. Answers must be always accompanied by its corresponding unit, answer without unit is considered wrong. Final answer must be rounded-off up to two decimal places. Note: Please write your solutions on the blank space provided after each question. Copy and submit the complete questionnaire with solutions. Problem 1. By writing the Shear (V) and bending moment equations (M), determine the location of the point of zero shear and the value of the maximum moment…arrow_forward
- After determining the various materials needed for the construction project, why is it that data should be organized and presented like the sample of bill of materials?arrow_forwardgreat work! However, can you show the work you did/the data you used to create that graph. Please show excel data table.arrow_forward11. Discuss what is the best source for labor and equipment unit prices that will be used in developing an estimate? Explain your answer in detail. 12. Discuss what impact will an inaccurate progress estimate have on cash flow? 13. Discuss the reasons change order work costs more than work in the original scope? 14. Discuss why the inclusion of subcontractors and other stakeholders a key part of the planning process? 15. Discuss the drawbacks to beginning-to-end planning. 16. Discuss what are the advantages of top-down planning over beginning-to-end planning?arrow_forward
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