Which one of the following is not a construction estimate? A. Initial feasibility estimate B. Conceptual preliminary budget C. Definite estimate D. None of these

The correct answer is: B. Conceptual preliminary budget

A construction estimate is a forecast of the cost of a construction project. It is used to determine the financial viability of the project and to secure funding. There are three main types of construction estimates:

• Initial feasibility estimate: This is a rough estimate of the cost of the project, based on preliminary information. It is used to determine whether the project is feasible and to secure funding for further studies.
• Conceptual preliminary budget: This is a more detailed estimate of the cost of the project, based on preliminary plans and specifications. It is used to secure funding for the detailed design and construction of the project.
• Definite estimate: This is the final estimate of the cost of the project, based on the final plans and specifications. It is used to secure funding for the construction of the project.

A conceptual preliminary budget is not a construction estimate because it is not based on final plans and specifications. It is a rough estimate of the cost of the project, based on preliminary information.