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Quiz Submissions - Quiz 2.3

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9/4/2020 : Quiz Submissions - Quiz 2.

3 - Non-Credit 2019-2020 - Principles Constr Document (CNST-002-O4A) - SAIT

Quiz Submissions - Quiz 2.3


Brandon Gemme (username: 000850759)

Attempt 1
Written: Jun 15, 2020 9:30 PM - Jun 15, 2020 9:32 PM
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Question 1 1 / 1 point

A budget is how much money is available to spend.

A) True
B) False

Question 2 0 / 1 point

Describe the difference between a project budget and a construction budget

Project budget is the total budget for a project and includes construction budget,
professional fees, cost of land, rights of way, furnishings, equipment, etc. Construction
budget includes only the cost of construction.

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A project budget includes total expenditures including the construction budget,


professional fees, land costs, rights of way, etc. A construction budget includes the
costs for construction including contingencies. (M2, L3: Definitions)

Question 3 1 / 1 point

1. List the four principal methods used for estimating project costs.

https://learn.sait.ca/d2l/lms/quizzing/user/quiz_submissions_attempt.d2l?isprv=&qi=887616&ai=6704362&isInPopup=0&cfql=0&ou=383786 1/2
9/4/2020 : Quiz Submissions - Quiz 2.3 - Non-Credit 2019-2020 - Principles Constr Document (CNST-002-O4A) - SAIT

___Order of Magnitude Estimates___ (25 %) ___Square Foot/Metre and Cubic


Foot/Metre Estimates___ (25 %) ___Systems Estimates___ (25 %) ___Unit Price
Estimates___ (25 %)

Attempt Score:2 / 3 - C+
Overall Grade (highest attempt):2 / 3 - C+

Done

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