Preview Questions Cost Estimator | Role Specific Skill

Question 1: What is the best approach for a Quantity Surveyor to handle scope changes that affect both material and labor costs?

Which action should you take?

Choose only one option

Ignore minor scope changes and assume the costs are already covered

Reassess the quantities, update the bill of quantities, and revise the cost estimate accordingly

Use a generic percentage increase for material and labor costs

Reduce labor costs to offset material increases

Question 2: Which of the following is a key factor in accurately predicting cash flow needs throughout the construction project's lifecycle?

Which action should you take?

Choose only one option

Re-measurement of quantities at regular intervals

Applying the same budget structure for all projects

Final project cost estimates

Phasing of payments based on milestones

Question 3: What is the primary advantage of using cloud-based estimating software over traditional desktop-based tools?

Which action should you take?

Choose only one option

It allows for real-time collaboration and access to data from anywhere

It provides advanced artificial intelligence to estimate costs

It offers a better user interface and ease of navigation

It automatically adjusts for material price fluctuations

Question 4: What is the primary function of takeoff software in cost estimating?

Which action should you take?

Choose only one option

To calculate overhead costs for all types of construction work

To manage and schedule tasks across multiple construction phases

To convert drawings into accurate material and labor estimates

To track changes in project scope throughout the build process

Question 5: What is the role of material takeoff (MTO) capabilities in estimating software during project cost estimation?

Which action should you take?

Choose only one option

It calculates labor costs based on material usage

It tracks the delivery of materials to the construction site

It calculates the quantity and cost of materials required for a project

It helps in scheduling material orders during the project

Question 6: What approach should a Cost Estimator take when handling changes in project scope that affect the budget?

Which action should you take?

Choose only one option

Re-evaluate the scope change, assess its cost impact, and adjust the budget accordingly while ensuring proper documentation

Reject all scope changes to maintain the original budget

Assume that scope changes will not affect the budget

Accept scope changes without updating the budget or timeline