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

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
All of these
Did the estimators precisely evaluate site conditions

ANSWER DOWNLOAD EXAMIANS APP

Engineering Economics
Pick up the correct reason for making conceptual (or preliminary) estimate from the following:

To check quotations from contractors and/or sub-contractors
To compute target estimate for the owner while drawing and specifications are in initial stage
All of these
To have a check on a definitive cost estimate

ANSWER DOWNLOAD EXAMIANS APP