Question: 1.What is the difference between a conceptual cost estimate and a detailed cost estimate? 2.What is the greatest risk the contractor faces when developing a

1.What is the difference between a conceptual cost estimate and a detailed cost estimate?

2.What is the greatest risk the contractor faces when developing a cost estimate?

7.List five of the general contractor's personnel who should participate in developing an estimate for the project and what their specific roles would be.

12. If an estimator is certain of receiving at least one or two subcontract bids on bid day, why should he or she bother with estimating that area of work themselves?

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