Construction estimating — which item is NOT an estimate type? Identify the option that is not a recognized category of construction cost estimate.

Difficulty: Easy

Correct Answer: None of these

Explanation:


Introduction / Context:
Construction projects pass through estimate classes that become more accurate as design matures: from order-of-magnitude and conceptual budgets to semi-detailed and finally definite/detailed estimates. Knowing these categories helps stakeholders set contingencies and make go/no-go decisions.


Given Data / Assumptions:

  • We compare listed items against standard estimate types used in practice.
  • Terminology may vary slightly by organization, but the concepts are consistent.
  • Accuracy improves and contingency reduces as estimates progress through stages.


Concept / Approach:
Common categories include order-of-magnitude (screening), conceptual/preliminary (budget), semi-detailed, and definite/detailed estimates. Each occurs at increasing design completeness (e.g., 0–2%, 5–15%, 20–40%, 50–100%).


Step-by-Step Solution:
Check “Initial feasibility estimate”: valid (screening or order-of-magnitude).Check “Conceptual preliminary budget”: valid (budget-level estimate during early design).Check “Definite estimate”: valid (detailed estimate near final design).Thus, none of the listed items is “not an estimate type”, so choose “None of these”.


Verification / Alternative check:
Project controls guides and cost engineering references (AACE-style classes) map closely to these categories, confirming their legitimacy.


Why Other Options Are Wrong:
Each labeled estimate corresponds to a real stage; therefore options a, b, and c are not correct as the “not an estimate”.


Common Pitfalls:

  • Confusing naming conventions with concept; labels differ, but stages are universal.
  • Using detailed estimates too early, which falsely implies accuracy and reduces needed contingency.


Final Answer:
None of these

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