Preview Questions Cost Estimator | Role Specific Skill

Question 1: What is the main disadvantage of using unit rates in quantity surveying for large and complex projects?

Which action should you take?

Choose only one option

They do not provide a detailed cost breakdown

They ignore material price volatility

They may not account for site-specific conditions

They are time-consuming and require constant updates

Question 2: How can cost estimation software help with analyzing the impact of material and labor cost changes?

Which action should you take?

Choose only one option

By integrating real-time data from suppliers and labor markets to adjust estimates

By limiting cost changes to predefined categories

By calculating the overall project cost based solely on initial estimates

By eliminating the need for manual cost adjustments

Question 3: What is the impact of project scope changes on the cost control process, and how should they be managed?

Which action should you take?

Choose only one option

Scope changes should automatically reduce the overall budget

Scope changes have no impact on project costs if the timeline remains unchanged

Scope changes increase costs, so they must be documented and adjusted in the budget

Scope changes should be ignored to maintain the budget

Question 4: What is the purpose of "spreadsheet-based estimating" for construction cost estimation?

Which action should you take?

Choose only one option

It focuses only on overhead costs and ignores materials

It eliminates the need for detailed project breakdowns

It allows for the use of flexible templates that can adjust for different scenarios, improving consistency and tracking

It simplifies the process by automating all cost calculations

Question 5: How does the "percentage method" of estimating costs work in construction?

Which action should you take?

Choose only one option

By applying a fixed percentage of the total project value to estimate costs

By calculating the material cost and adding a fixed percentage for labor

By estimating the labor cost first and applying a fixed markup

By using historical data to apply a percentage to similar projects

Question 6: How do site-specific risks, like accessibility or environmental concerns, impact contingency planning for construction projects?

Which action should you take?

Choose only one option

They have minimal impact on overall cost estimates

They should be factored in as part of material cost adjustments

They only affect labor costs, not the overall budget

They increase the need for a higher contingency based on risk