第四章 Cost estimation&Real Estate:Cost estimation&Real Estate4.1Costs Associated with Constructed Facilities:Approaches to Cost Estimation
4.2Approaches to Cost Estimation:Types of Construction Cost Estimates
4.3Types of Construction Cost Estimates:Costs Associated with Constructed Facilities
[多选题]Cost estimation for a project aims to provide the answers to a range of questions, including the following:选项:[Are the subcontractors asking for a reasonable price?, How many money does the total project cost?, How much money do we need and when?, How much profit can be made?, What is cost of the single unit?, What is the risk and how much money should be held in reserve?]
[判断题]A cost estimate establishes the baseline of the project cost at different stages of development of the project.选项:[错, 对]
[判断题]In microeconomics, the relationship between the output of a process and the necessary resources is referred to as the production function.选项:[错, 对]
[判断题]A production function relates the amount or volume of output to the various inputs of labor, material and equipment.选项:[错, 对]
[判断题]Ideally, the allocation of joint costs should be causally related to the category of basic costs in an allocation process. In many instances, however, a causal relationship between the allocation factor and the cost item cannot be identified or may not exist.选项:[错, 对]
[单选题]In construction, which may be expressed by the relationship between the volume of construction and a factor of production such as labor or capital?选项:[Empirical cost inference, Production function, Unit cost of bill of quantities., Allocation of joint costs]
[判断题]The basic idea in allocation of joint costs is that each expenditure item can be assigned to particular characteristic of the operation.选项:[对, 错]
[单选题]The relationship between the size of a building project (expressed in square feet) to the input labor (expressed in labor hours per square foot) is an example of______ for construction.选项:[Unit cost of bill of quantities., Allocation of joint costs, Empirical cost inference, Production function]
[单选题]At the very early stage, ______ is usually made before the facility is designed, and must therefore rely on the cost data of similar facilities built in the past.选项:[Preliminary estimates, Engineer's estimates based on plans and specifications, Screening estimates, Detailed estimates]
[单选题]______ is made when the scope of work is clearly defined and the detailed design is in progress so that the essential features of the facility are identifiable选项:[Engineer's estimates based on plans and specifications, Detailed estimates, Preliminary estimates, Screening estimates]

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