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If the cost estimate for a project is a basis for contract awards and performance reporting, it should be a(n) _____ estimate and as accurate as possible. Select one:
a. rough order of magnitude
b. definitive
c. budgetary
d. analogous

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opudodennis

Answer:

Definitive

Explanation:

Definitive estimate should be done very early in a project or even before a project is officially started and is used for making many purchasing decisions for which accurate estimates are required and for estimating final project costs. Therefore, if the cost estimate for a project is a basis for contract awards and performance reporting, it should be definitive estimate and as accurate as possible.

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