If a project’s projected return rate equals to my MARR, should you invest that project?
5. Question 5 If a project’s projected return rate equals to my MARR, should you invest that project? 1 / 1 point No, it is not profitable. No, it might be…
-
-
If you borrow $1000 from a local bank, the interest you should pay depends on:
1. Question 1 If you borrow $1000 from a local bank, the interest you should pay depends on: 1 / 1 point Interest rate Length of time that I borrow the…
-
The Parametric Estimate is a key tool because:
5. Question 5 The Parametric Estimate is a key tool because: 1 / 1 point Trade Contractors bid strictly per Uniformat categories Value Engineering is the preferred way to stay on…
-
An Estimate is a Predictive Cost Model, based upon:
2. Question 2 An Estimate is a Predictive Cost Model, based upon: 1 / 1 point Quantity Survey Detailed Trade Contractor Bids Incomplete, Ambiguous information Consumer Price Index …
-
In Target Value Design, the Allowable Cost is set below Market Cost in order to:
9. Question 9 In Target Value Design, the Allowable Cost is set below Market Cost in order to: 1 / 1 point Reduce the Owner’s Below-the-Line spend Establish the “batches” or…
-
The Estimating 2-Step uses historical data to predict future cost, using:
4. Question 4 The Estimating 2-Step uses historical data to predict future cost, using: 1 / 1 point Benchmark data, Normalized for Time, Location, Type and Scope Input and Output Indexes…
-
A “great” estimate results in Bids that are :
3. Question 3 A “great” estimate results in Bids that are : 1 / 1 point Below the Allowable Cost and Evenly Distributed Precise (tightly clustered) and Accurate (at or near…
-
Achieving the Allowable Budget in Target Value Design relies upon:
8. Question 8 Achieving the Allowable Budget in Target Value Design relies upon: 1 / 1 point Line Item Transfer Set Based Design Good – Better – Best alternatives for…
-
The Validation Process for cost results in documented Conditions of Satisfaction, based upon:
7. Question 7 The Validation Process for cost results in documented Conditions of Satisfaction, based upon: 1 / 1 point Detailed Cost Estimate Value Proposition and Information Index Problem Statement…
-
The Owner’s Value Proposition may be analyzed to provide guidance to the Design and Construction team regarding:
6. Question 6 The Owner’s Value Proposition may be analyzed to provide guidance to the Design and Construction team regarding: 1 / 1 point Required Function Preferred Architectural Form …