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What is the name of the standard that is used to format estimates? 2. Suggest two different methods that could be used to cost a

What is the name of the standard that is used to format estimates?

2. Suggest two different methods that could be used to cost a construction activity (such as a roof covering, or painting).

3. What are the three components that make up the cost of a task?

4. Once the estimates are completed, What are the next steps in the pricing phase?

5. What are the possible consequences of unintentionally omitting an organisation overhead or margin from your estimate?

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