The correct answer is D. All of these.
A construction estimate is a prediction of the cost of a construction project. It is used to determine the feasibility of a project, to secure financing, and to track progress during construction.
There are many factors that can affect the accuracy of a construction estimate, including the following:
- The complexity of the project
- The availability of materials and labor
- The weather conditions
- The experience of the contractor
It is important to consider all of these factors when preparing a construction estimate. A poorly prepared estimate can lead to cost overruns, delays, and even project failure.
Option A: Did the estimators precisely evaluate site conditions?
This is an important consideration because the site conditions can have a significant impact on the cost of a construction project. For example, if the site is located in a remote area, the cost of transportation and logistics will be higher. If the site is located in an area with difficult terrain, the cost of excavation and grading will be higher.
Option B: Did the estimators use short cut methods which may be unrealistic in their situation?
It is important to use accurate and realistic methods when preparing a construction estimate. Short cut methods may be useful for preliminary estimates, but they should not be used for final estimates.
Option C: How much money will the contractor’s risk, loosing if he were to submit bid on the raw estimate of cost?
This is an important consideration because the contractor’s risk of losing money is directly related to the accuracy of the estimate. If the estimate is too low, the contractor may lose money on the project. If the estimate is too high, the contractor may not be able to win the bid.
In conclusion, all of the options are relevant to construction estimates. It is important to consider all of these factors when preparing a construction estimate. A poorly prepared estimate can lead to cost overruns, delays, and even project failure.