Question 1

How to estimate construction costs?

Accepted Answer

Estimate construction costs by calculating material, labour, equipment, overheads, and profit based on project size, design, and location.

Question 2

What are the 5 cost estimates followed in construction?

Accepted Answer

The five cost estimates are preliminary, detailed, quantity-based, bid, and control estimates.

Question 3

What are the three-three types of construction cost estimates?

Accepted Answer

The three main types are preliminary, detailed, and definitive estimates.

Question 4

What is cost estimation in civil engineering?

Accepted Answer

Cost estimation in civil engineering involves predicting the total cost of a project, including materials, labour, equipment, and other resources.

Certificate in Construction Cost Estimation - Online Course