Which cost estimating method is most appropriate for preliminary budgeting of a standard office building?
Correct Answer
B) Square foot method
For preliminary budgeting of standard buildings, the square foot method provides quick, reasonably accurate estimates using historical cost data per square foot of building area.
Why This Is the Correct Answer
The square foot method is ideal for preliminary budgeting because it provides quick estimates using historical cost data per square foot of similar buildings. For standard office buildings, this method offers sufficient accuracy for early project phases when detailed plans aren't available. It's the most practical approach when you need a ballpark figure for budgeting and feasibility studies. The method leverages established cost databases and local market rates per square foot.
Why the Other Options Are Wrong
Option A: Detailed quantity takeoff
Detailed quantity takeoff is too time-consuming and expensive for preliminary budgeting, requiring complete drawings and specifications that aren't available in early project phases.
Option C: Assemblies method
The assemblies method requires more detailed information about building systems and components than is typically available during preliminary budgeting phases.
Option D: Unit price method
Unit price method is more appropriate for detailed estimates when specific quantities and materials are known, not for preliminary budgeting of entire buildings.
Memory Technique
Think 'Square foot = Quick shot' - when you need a quick preliminary estimate, square footage gives you a quick shot at the budget.
Reference Hint
Construction cost estimating chapters in general contracting reference materials, specifically sections on conceptual estimating methods
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