Estimating Practice Exam

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In estimating, what does the term 'recap' refer to?

Final report
Summary of expenses
Sorted list of estimate items
Overview of duties

The correct answer is: Sorted list of estimate items

The term 'recap' in estimating refers to a sorted list of estimate items, which is essential for organizing and presenting the various components that contribute to the overall estimate. This organized list allows estimators to clearly communicate the details of the project, making it easier to identify each item and its corresponding cost. The recap serves as a means to summarize the estimates while providing transparency and clarity in financial planning for the project. By compiling the estimate items in a structured manner, it can help stakeholders review and understand the financial implications of the project without having to wade through disorganized or incomplete information. Understanding this is crucial for effective communication in project management and ensuring that all parties involved have a clear understanding of the financial requirements.