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The accuracy of an estimate improves chiefly as

  • A.the contingency allowance is increased
  • B.more cost indices are applied to it
  • C.the engineering definition of the project advances
  • D.the estimator gains more years of experience

Answer: C

An estimate can be no better than the information it rests on, and early in a project the scope itself is still uncertain. Adding contingency covers that uncertainty rather than removing it, and no amount of skill can price a design that has not been settled.

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