Engineering Economics
The project contractor relies on the cost of the estimate:

For submission of a competitive bid for a lump-sum contract
All of these
For preparation of a definitive estimate to help negotiate contract
For a unit price contract

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Engineering Economics
Which one of the following questions is relevant to the construction estimates?

All of these
Did the estimators precisely evaluate site conditions
How much money will the contractor's risk, loosing if he were to submit bid on the raw estimate of cost
Did the estimators use short cut methods which may be unrealistic in their situation

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