The Prior Experience Method to Make Time and Cost Estimates

question 80

True/False

The prior experience method to make time and cost estimates works best for large projects.

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Definitions:

Contract

A legally binding agreement between two or more parties that outlines obligations, rights, and terms that are enforceable by law.

Material Errors

Significant mistakes or inaccuracies that impact the understanding, operation, or outcome of a document, financial statement, or process.

Construction

The process or art of building something, typically structures like buildings, bridges, and roads.

Fraudulently

Acting with intent to deceive or cheat, often to gain an unfair or unlawful advantage.