Oregon Construction Contractors (CCB) Practice Test

Which of the following is NOT a common construction estimate type aside from Take Off?

1. Detailed Estimates

2. Ballpark Estimates

3. Rough Estimates

4. Accurate Bids

The correct answer is: Ballpark Estimates

The choice identified as correct is indeed not a commonly recognized type of construction estimate, particularly when referring to official classifications in estimating practices. A ballpark estimate generally serves as a quick assessment of potential costs, often used for initial discussions or when a client is exploring various options. It provides a rough idea of project expenses but lacks the detailed breakdown and accuracy required for proper budgeting and planning. In contrast, detailed estimates involve a thorough analysis of the project, breaking down every component in specific terms, which allows for precise budgeting. Accurate bids, on the other hand, also reflect comprehensive calculations, including all material and labor costs, and are submitted for contract purposes, requiring significantly more precision than a ballpark estimate. Rough estimates are somewhat similar to ballpark estimates as they provide a generalized figure without extensive detail, but they may include slightly more information and context about cost expectations. Therefore, while these other types of estimates offer varying degrees of detail and precision, a ballpark estimate is seen primarily as a preliminary, informal way to gauge costs without the commitment to rigorous detail that characterizes the more formal types of estimates in the construction industry.