Content and Structure Flashcards

Which section of a construction estimate typically details the assumptions and exclusions that define the scope boundary?

Answer: Clarifications and qualifications

The clarifications and qualifications section documents what is and is not included, protecting the estimator from scope disputes.

A 'basis of estimate' document primarily serves to:

Answer: Record the estimating method, data sources, and key assumptions used

The basis of estimate captures how the estimate was developed so it can be reviewed, audited, or updated later.

When organizing a CSI MasterFormat estimate, Division 03 covers:

Answer: Concrete

Division 03 in CSI MasterFormat is dedicated to Concrete work, including formwork, reinforcing, and cast-in-place concrete.

An estimate's 'direct costs' section should NOT include:

Answer: Home office overhead allocation

Home office overhead is an indirect cost applied separately, not a direct project cost tied to specific work activities.

Which document, when included in an estimate package, ensures the owner understands the escalation risk in a long-duration project?

Answer: Escalation allowance schedule

An escalation allowance schedule identifies anticipated cost increases over time for labor and materials on multi-year projects.

In a unit price estimate structure, the 'unit' should represent:

Answer: The smallest measurable work item that can be priced consistently

A unit in unit price estimating is the repeatable, measurable quantity (e.g., CY of concrete, LF of pipe) against which a consistent cost is applied.

The 'recapitulation sheet' (recap sheet) in a bid package is used to:

Answer: Consolidate all cost elements into a single summary for the final bid price

The recap sheet rolls up all direct costs, subcontractor quotes, overhead, and profit into one page showing the total bid amount.