For Cost Estimates,when Project Bidding Is Used,underestimating the Cost of a Job

question 61

Multiple Choice

For cost estimates,when project bidding is used,underestimating the cost of a job results in _____.

• A)bids that are too low
• B)probability of losing money
• C)higher probabilities of the bid being accepted
• D)both a and b
• E)all of the above

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Definitions:

Crista Galli

A vertical projection of the ethmoid bone in the skull, serving as the point of attachment for membranes dividing the nasal cavity.

Supraorbital Foramen

An opening or notch in the frontal bone of the skull, above the eye orbit, through which the supraorbital nerve and vessels pass.

Infraorbital Foramen

An opening located below the orbit (eye socket) on the skull through which nerves and blood vessels pass.

Foramen Magnum

The large opening at the base of the skull through which the spinal cord passes to connect with the brain.