Difficulty: Easy
Correct Answer: All of these
Explanation:
Introduction / Context:
Cost estimates inform technical and planning choices throughout a project. Early in development, they help compare sites, select suitable design strategies, and evaluate alternatives based on life-cycle costs. The estimate acts as a financial compass aligning scope, quality, and budget from concept through detailed design.
Given Data / Assumptions:
Concept / Approach:
Site selection weighs land cost, site development costs, utilities, logistics, and regulatory impacts. Design development uses estimates to optimize structural systems, MEP choices, and materials. Alternatives analysis compares time, cost, and performance scenarios to maximize value for money while staying within budget constraints.
Step-by-Step Solution:
Verification / Alternative check:
Stage-gate frameworks require updated estimates at each design milestone to confirm affordability and inform decisions.
Why Other Options Are Wrong:
Common Pitfalls:
Final Answer:
All of these
Discussion & Comments