Consider the statements $\text{P}$ and $\text{Q}$.
$\text{P}$: Client's Preliminary Estimate is used for budgeting costs toward the end of planning and design phase.
$\text{Q}$: Client's Detailed Estimate is used for controlling costs during the execution of the project.
Which one of the following options is CORRECT?
- Both $\text{P}$ and $\text{Q}$ are TRUE
- $\mathrm{P}$ is TRUE and $\mathrm{Q}$ is FALSE
- Both $\mathrm{P}$ and $\mathrm{Q}$ are FALSE
- $\mathrm{P}$ is FALSE and $\mathrm{Q}$ is TRUE