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Choose the main objectives of estimating analysis of rates at construction. 
1. To determine the actual cost of items on location 
2. To finalize the labor contract rates 
3. To find out the quantity of materials and labor required for specific work 
4. To know the alternatives to optimize the resources 
  • a)
    1, 2, 3 statements are correct 
  • b)
    2, 3, 4 statements are correct
  • c)
    1, 3, 4 statements are correct
  • d)
    1, 2, 3, 4 statements are correct
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
Choose the main objectives of estimating analysis of rates at construc...
Main Objectives of Estimating Analysis of Rates at Construction

Estimating analysis of rates is an essential process in construction projects to determine the cost, quantity, and resources required for specific work. The main objectives of estimating analysis of rates at construction include:

1. To determine the actual cost of items on location:
- Estimating analysis of rates helps in determining the actual cost of various items required for construction, such as materials, equipment, and labor.
- It involves analyzing the market rates, prices, and specifications of the items to accurately calculate their cost.
- This objective ensures that the project budget is realistic, and the construction activities can be carried out within the allocated funds.

2. To finalize the labor contract rates:
- Estimating analysis of rates helps in finalizing the labor contract rates for various construction activities.
- It involves studying the labor market, considering factors such as skill level, availability, and demand, to determine the appropriate rates for different types of labor.
- Finalizing the labor contract rates ensures that the project budget includes the necessary labor costs and helps in managing the labor resources effectively.

3. To find out the quantity of materials and labor required for specific work:
- Another objective of estimating analysis of rates is to determine the quantity of materials and labor required for specific construction activities.
- This involves studying the project plans, specifications, and drawings to identify the materials and labor needed.
- By accurately estimating the quantity of materials and labor, the project team can procure the necessary resources and plan the construction activities efficiently.

4. To know the alternatives to optimize the resources:
- Estimating analysis of rates also aims to explore alternatives to optimize the use of resources.
- This involves analyzing different methods, techniques, and materials to identify cost-effective and efficient options.
- By considering alternatives, the project team can make informed decisions to optimize the resources, reduce costs, and improve productivity.

Conclusion:
The main objectives of estimating analysis of rates at construction include determining the actual cost of items, finalizing labor contract rates, finding out the quantity of materials and labor required, and exploring alternatives to optimize resources. These objectives help in ensuring accurate cost estimation, effective resource management, and successful completion of construction projects.
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Choose the main objectives of estimating analysis of rates at construc...
All four parts are correct becouse its essential to have estimation analysis rates at construction sites
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Choose the main objectives of estimating analysis of rates at construction.1. To determine the actual cost of items on location2. To finalize the labor contract rates3. To find out the quantity of materials and labor required for specific work4. To know the alternatives to optimize the resourcesa)1, 2, 3 statements are correctb)2, 3, 4 statements are correctc)1, 3, 4 statements are correctd)1, 2, 3, 4 statements are correctCorrect answer is option 'D'. Can you explain this answer?
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Choose the main objectives of estimating analysis of rates at construction.1. To determine the actual cost of items on location2. To finalize the labor contract rates3. To find out the quantity of materials and labor required for specific work4. To know the alternatives to optimize the resourcesa)1, 2, 3 statements are correctb)2, 3, 4 statements are correctc)1, 3, 4 statements are correctd)1, 2, 3, 4 statements are correctCorrect answer is option 'D'. Can you explain this answer? for Civil Engineering (CE) 2024 is part of Civil Engineering (CE) preparation. The Question and answers have been prepared according to the Civil Engineering (CE) exam syllabus. Information about Choose the main objectives of estimating analysis of rates at construction.1. To determine the actual cost of items on location2. To finalize the labor contract rates3. To find out the quantity of materials and labor required for specific work4. To know the alternatives to optimize the resourcesa)1, 2, 3 statements are correctb)2, 3, 4 statements are correctc)1, 3, 4 statements are correctd)1, 2, 3, 4 statements are correctCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for Civil Engineering (CE) 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Choose the main objectives of estimating analysis of rates at construction.1. To determine the actual cost of items on location2. To finalize the labor contract rates3. To find out the quantity of materials and labor required for specific work4. To know the alternatives to optimize the resourcesa)1, 2, 3 statements are correctb)2, 3, 4 statements are correctc)1, 3, 4 statements are correctd)1, 2, 3, 4 statements are correctCorrect answer is option 'D'. Can you explain this answer?.
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