GATE CE 2024 Set 1 — Question 16

MCQ+1 / -0.33MediumCost EstimationConstruction ManagementStructural Engineering

Structural Engineering → Construction Management → Cost Estimation

Last updated 5 September 2026

Question

P

Correct answer (A) Both P and Q are TRUE Solution Statement P is TRUE: A preliminary estimate (also known as an approximate or rough estimate) is prepared during the early stages of a project to obtain administrative approval and to allocate funds (budgeting). It is typically finalized towards the end of the planning and design phase to set the project budget. Statement Q is TRUE: A detailed estimate is prepared after the design and drawings are finalized. It provides a precise cost breakdown and is used for tendering, contract management, and as a baseline for controlling costs during the actual execution of the project. Since both statements are accurate descriptions of the respective estimates, option (A) is correct. Turn this into a strength. Explore AI-powered practice and doubt support with Success Tracker.

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Correct answer (A) Both P and Q are TRUE Solution Statement P is TRUE: A preliminary estimate (also known as an approximate or rough estimate) is prepared during the early stages of a project to obtain administrative approval and to allocate funds (budgeting). It is typically finalized towards the end of the planning and design phase to set the project budget. Statement Q is TRUE: A detailed estimate is prepared after the design and drawings are finalized. It provides a precise cost breakdown and is used for tendering, contract management, and as a baseline for controlling costs during the actual execution of the project. Since both statements are accurate descriptions of the respective estimates, option (A) is correct.

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