PMP Certification Practice Test 8

Question : 12 of 72

Marks: +1, -0

You are the project manager of the Home Automation Project. You are uncertain what the fee will be for wiring the home with bundled cable so you hire a vendor to examine the home and create an estimate for the SOW you’ve prepared. You’ll use this estimate from the vendor to measure all other estimates from vendors that want to bid on the installation of the bundled cable. What is this estimate called?

Budget estimate
Definitive estimate
Good faith estimate
Should-cost estimate

Validate

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