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Engineering
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Estimation, Costing and Valuation Engineering
Quiz 7: Reverse Engineering and Cost Estimation in Construction Industry
Path 4
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Question 1
Multiple Choice
_____________involves the preparation of tenders based on a typical or notional bill of quantities or schedule of works.
Question 2
Multiple Choice
_____________tendering is used when all the information necessary to calculate a realistic price is available when tendering commences.
Question 3
Multiple Choice
An invitation to tender might not include?
Question 4
True/False
Mutual mistake occurs when both parties of a contract are mistaken as to the terms.
Question 5
True/False
In Schedule contract the contractor undertakes the execution or construction of specific work with all its contingencies, to complete it in all respect within a specified time for a fixed amount.