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Which of the Following Statements Correctly Describes a Construction Cost

Question 1

Multiple Choice

Which of the following statements correctly describes a construction cost estimate?


A) Approximation of the probable quantity and unit cost of each element in a project
B) Includes a factor to account for uncertainty and risk associated with project elements and project environment
C) Aggregation of many elements; not a single number
D) All of the above

Correct Answer:

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