Which of the following is not a type of methods of preliminary estimate?
Which of the following is not a type of methods of preliminary estimate?
1). Time referenced cost estimate
2). Cost capacity factor
3). Installation cost ratio
4). Procurement cost factor
1 answers
Procurement cost factor is not a method of preliminary estimate.
Preliminary Estimate
The preliminary estimate is obtained during early phases of project.
As the project progresses, an estimate keeps on getting refined and lastly, we get definitive estimate.
Different methods of preliminary estimate can be grouped into the following categories
- Time referenced cost estimate
- Cost capacity factor
- Component ratio/installation cost ratio
- Parameter cost
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