Note: Real exam questions from 2010, Knowledge section, afternoon session, question 65
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65. Which of the following statements regarding project costs are correct? A. The investment estimate serves as the basis for decision-making, as well as for financing and cost control. B. The preliminary cost estimate is usually determined during the conceptual design phase, through the preparation of engineering budget documents, to estimate the cost of the project in advance. C. The budgeted cost is typically determined during the detailed design phase, by using the design drawings along with relevant calculation documents to estimate the project cost in advance. D. The actual cost is finally determined during the project completion settlement phase, through the preparation of the final settlement documents for the construction project. According to page P462 of Tian Da’s textbook, the preliminary cost estimate is usually established during the preliminary design phase, through the preparation of engineering budget documents, to estimate the cost of the project in advance. Does scheme design fall under the preliminary design phase?
Yes, it’s another language-related question; I think it’s the same, ABCD
ACD: A. Investment estimation is a step involved in decision-making and preliminary work, and it serves as the main basis for financing and cost control; B. The estimated cost is usually determined during the conceptual design phase (Error! It should be during the preliminary design phase); C. The budgeted cost is usually established during the detailed design phase; D. The actual cost (final settlement after completion) is usually determined at the time of project completion.
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