Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A construction company is planning to build a new office complex for a client. The client has provided the company with the design specifications and
A construction company is planning to build a new office complex for a client. The client has provided the company with the design specifications and the project timeline. The construction company needs to provide an estimate of the total cost of the project, including labour, materials, equipment, and other expenses. A) Briefly explain the term cost estimation in construction projects. (20-50 words) B) Provide a brief description about the following cost estimation techniques used in construction projects: Analogous Estimating Bottom-Up Estimating Parametric Estimating Three-Point Estimating (50-100 words) C) List down six factors that should be considered when estimating the cost of a construction project
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started