When work is completed under the original estimate, the major problem is _____.

When work is completed under the original estimate, the major problem is _____.
 
  a. material costs are not accurate
  b. poor historical data
  c. bids are not competitive
  d. profits are limited

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[Ques. 2] Determining probable construction costs are _____ estimates.
 
  a. pre-construction
  b. preliminary
  c. detailed
  d. resource

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[Ques. 3] When doing a cost analysis, its important to identify the _____.
 
  a. point at which data is gathered
  b. frequency when tasks occur and data is collected
  c. factors that will reduce estimated costs
  d. actual unit costs

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[Ques. 4] The estimators most useful reference is _____.
 
  a. historical records
  b. architectural drawings
  c. previous contractual data of subcontractors
  d. specific cost of equipment records

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[Ques. 5] Cost analysis is comparing _____.
 
  a. projected costs to work performed
  b. material costs and equipment costs
  c. labor costs and subcontractor costs
  d. actual cost and projected costs