To tell the owner of the project to take his/her financial decision
To control the project during its construction
To develop bids on the project
All of these
Answer is Right!
Answer is Wrong!
The correct answer is D. All of these.
The construction manager uses the estimate of the project to:
- Tell the owner of the project to take his/her financial decision. The estimate is used to determine the cost of the project, which is a key factor in the owner’s decision to proceed with the project.
- Control the project during its construction. The estimate is used to track the actual cost of the project against the planned cost, and to identify any potential cost overruns.
- Develop bids on the project. The estimate is used to develop the bid price for the project, which is the price that the construction manager will charge the owner for completing the project.
The estimate is a critical tool for the construction manager, and it is used in a variety of ways throughout the project.