Contracts & ExecutionQuestion 212 of 1605
An estimate that totals all material and labor quantities from the plans, item by item, to build up a price is BEST described as:
a.A square-foot or conceptual estimate
b.A liquidated damages calculation
c.A detailed (quantity takeoff) estimate
d.A schedule of values
Explanation
A detailed estimate is built from a quantity takeoff — measuring and pricing every material and labor item from the plans. It is more accurate than a rough square-foot or conceptual estimate.
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Reviewed by Abraham Chen — Licensed California General Contractor (CSLB License #1101856 — verify)