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Which of the following statements is TRUE for the purpose of estimation?
i. To fix up a probable data of completion on the basis of quantities of works to be done.
ii. To evaluate the cost benefit ratio and economic viability of the project/work.
iii. Estimate for existing property is required for assessing the valuation of it.
i. To fix up a probable data of completion on the basis of quantities of works to be done.
ii. To evaluate the cost benefit ratio and economic viability of the project/work.
iii. Estimate for existing property is required for assessing the valuation of it.
- a)iii only
- b)i only
- c)ii only
- d)All of the above
Correct answer is option 'D'. Can you explain this answer?
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Which of the following statements is TRUE for the purpose of estimatio...
Estimation:
- Estimating is the technique of calculating or computing the various quantities and the expected expenditure to be incurred on a particular work or project.
- In case the funds available are less than the estimated cost, the work is done in part, or by reducing it or by altering specification, the following requirements are necessary for preparing an estimate.
- Drawing like plan, elevation and section of important points.
- Detailed specification about workmen ship & properties of material etc.
- Standard schedule of rates of the current year.
Purpose of estimation:
- Estimate gives an idea of the cost of the work and hence its feasibility can be determined i.e. whether the project could be taken up within the funds available or not.
- Estimate gives an idea of the time required for the completion of the work.
- An estimate is required to invite the tenders and quotations and to arrange a contract.
- An estimate for an existing property is required for assessing the valuation of it.
- Estimation is also required to control the expenditure during the execution of work.
- Estimate decide whether the proposed plan matches the funds available or not.
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Which of the following statements is TRUE for the purpose of estimatio...
Estimation in Civil Engineering
Estimation is a crucial aspect of project planning in civil engineering. It involves predicting the quantities and costs of materials, labor, and equipment required for a construction project. Here are the true statements regarding the purpose of estimation:
i. To fix up a probable data of completion on the basis of quantities of works to be done.
This statement is true because estimation helps in determining the time required to complete a project based on the quantities of work involved. By estimating the quantities of materials and labor needed, project managers can schedule the project timeline more accurately.
ii. To evaluate the cost benefit ratio and economic viability of the project/work.
Estimation plays a vital role in assessing the cost benefit ratio and economic feasibility of a project. By estimating the costs involved in a project and comparing them with the expected benefits, stakeholders can make informed decisions about the viability of the project.
iii. Estimate for existing property is required for assessing the valuation of it.
This statement is also true as estimation is essential for assessing the value of existing properties. By estimating the cost of repairs, renovations, or upgrades needed for a property, owners can determine its market value accurately.
Therefore, all of the statements are true for the purpose of estimation in civil engineering. Estimation helps in planning, budgeting, and decision-making for construction projects, ensuring their successful completion within the set parameters.
Estimation is a crucial aspect of project planning in civil engineering. It involves predicting the quantities and costs of materials, labor, and equipment required for a construction project. Here are the true statements regarding the purpose of estimation:
i. To fix up a probable data of completion on the basis of quantities of works to be done.
This statement is true because estimation helps in determining the time required to complete a project based on the quantities of work involved. By estimating the quantities of materials and labor needed, project managers can schedule the project timeline more accurately.
ii. To evaluate the cost benefit ratio and economic viability of the project/work.
Estimation plays a vital role in assessing the cost benefit ratio and economic feasibility of a project. By estimating the costs involved in a project and comparing them with the expected benefits, stakeholders can make informed decisions about the viability of the project.
iii. Estimate for existing property is required for assessing the valuation of it.
This statement is also true as estimation is essential for assessing the value of existing properties. By estimating the cost of repairs, renovations, or upgrades needed for a property, owners can determine its market value accurately.
Therefore, all of the statements are true for the purpose of estimation in civil engineering. Estimation helps in planning, budgeting, and decision-making for construction projects, ensuring their successful completion within the set parameters.
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Which of the following statements is TRUE for the purpose of estimation?i. To fix up a probable data of completion on the basis of quantities of works to be done.ii. To evaluate the cost benefit ratio and economic viability of the project/work.iii. Estimate for existing property is required for assessing the valuation of it.a)iii onlyb)i onlyc)ii onlyd)All of the aboveCorrect answer is option 'D'. Can you explain this answer?
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Which of the following statements is TRUE for the purpose of estimation?i. To fix up a probable data of completion on the basis of quantities of works to be done.ii. To evaluate the cost benefit ratio and economic viability of the project/work.iii. Estimate for existing property is required for assessing the valuation of it.a)iii onlyb)i onlyc)ii onlyd)All of the aboveCorrect 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 Which of the following statements is TRUE for the purpose of estimation?i. To fix up a probable data of completion on the basis of quantities of works to be done.ii. To evaluate the cost benefit ratio and economic viability of the project/work.iii. Estimate for existing property is required for assessing the valuation of it.a)iii onlyb)i onlyc)ii onlyd)All of the aboveCorrect 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 Which of the following statements is TRUE for the purpose of estimation?i. To fix up a probable data of completion on the basis of quantities of works to be done.ii. To evaluate the cost benefit ratio and economic viability of the project/work.iii. Estimate for existing property is required for assessing the valuation of it.a)iii onlyb)i onlyc)ii onlyd)All of the aboveCorrect answer is option 'D'. Can you explain this answer?.
Which of the following statements is TRUE for the purpose of estimation?i. To fix up a probable data of completion on the basis of quantities of works to be done.ii. To evaluate the cost benefit ratio and economic viability of the project/work.iii. Estimate for existing property is required for assessing the valuation of it.a)iii onlyb)i onlyc)ii onlyd)All of the aboveCorrect 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 Which of the following statements is TRUE for the purpose of estimation?i. To fix up a probable data of completion on the basis of quantities of works to be done.ii. To evaluate the cost benefit ratio and economic viability of the project/work.iii. Estimate for existing property is required for assessing the valuation of it.a)iii onlyb)i onlyc)ii onlyd)All of the aboveCorrect 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 Which of the following statements is TRUE for the purpose of estimation?i. To fix up a probable data of completion on the basis of quantities of works to be done.ii. To evaluate the cost benefit ratio and economic viability of the project/work.iii. Estimate for existing property is required for assessing the valuation of it.a)iii onlyb)i onlyc)ii onlyd)All of the aboveCorrect answer is option 'D'. Can you explain this answer?.
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