Question

For each statement, specify whether it is true or false regarding the types of estimates. 1. Conceptual estimates are used when drawings are not available. 2. Conceptual estimates establish initial

budgets and financing scenarios. 3. Conceptual estimates are used during the programming and feasibility stage. 4. Preliminary estimates establish initial budgets and financing scenarios. 5. Preliminary estimates can be used to commit to a contract price. 6. Detailed estimates are used during the programming and feasibility stage. 7. Detailed estimates can be generated when plans and specs are completed. 8. Detailed estimates can be used to commit to a contract price.

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