Test your basic knowledge |

Construction Estimating

Instructions:
  • Answer 50 questions in 15 minutes.
  • If you are not ready to take this test, you can study here.
  • Match each statement with the correct term.
  • Don't refresh. All questions and answers are randomly picked and ordered every time you load a test.

This is a study tool. The 3 wrong answers for each question are randomly chosen from answers to other questions. So, you might find at times the answers obvious, but you will see it re-enforces your understanding as you take the test each time.
1. On certain projects the owner may accept proposals only from contractors who are invited to bid.






2. What are some of the factors a contractor considers when making a decision to bid?






3. Why do many contractors hesitate to bid just before the expiration of a union contract?






4. Describe the composition of the Building Cost Index (BCI).






5. A surety bond guaranteeing that a bidder will sign a contract - if offered - in accordance with their proposal.






6. Describe the CSI MasterFormat and how it is used.






7. A bathroom sink






8. Statements or drawings that modify the basic contract documents after the latter have been issued to the bidders - but prior to the taking of bids.






9. How do climatic conditions influence the amount of work actually completed in an hour?






10. A common error made by GCs in their dealings with subcontractors is to hand them a single technical specifications section relating to their trade - without copies of either the General Requirements or the General and Supplementary General Conditions






11. What does the labor hour represent?






12. What are some of the factors a contractor considers when making a decision to bid?






13. What are the two most common methods by which a contractor can acquire a construction contract?






14. A sum withheld from each payment to the contractor in accordance with the terms of the owner-contractor agreement.






15. Drawings made during the progress of construction - or subsequent thereto - illustrating how various elements of the project were actually installed.






16. Describe and provide examples of specific use equipment and general use equipment.






17. An agreed-to sum chargeable against the contractor as reimbursement for damages suffered by the owner because of contractor's failure to fulfill contractual obligations






18. Describe and provide examples of specific use equipment and general use equipment.






19. What is the best source for productivity data?

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20. How do climatic conditions influence the amount of work actually completed in an hour?






21. An invitation to a selected list of contractors furnishing information on the submission of bids on a subject.






22. On certain projects the owner may accept proposals only from contractors who are invited to bid.






23. A document stating the procedures to be followed by bidders.






24. The substructure that supports a building or other structure.






25. What is depreciation?






26. The most reliable productivity rates come from historical data






27. Name 10 step process to bid

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28. Legal claims against an owner for amounts due those engaged in or supplying materials for the construction of the building.






29. What types of information are provided in the Invitation to Bid?






30. What are the two most common methods by which a contractor can acquire a construction contract?






31. Closely spaced beams supporting a floor or ceiling.They may be wood - steel - or concrete.






32. What are the benefits of renting equipment?






33. A document stating the procedures to be followed by bidders.






34. The assembly of components to form the completed portion of a job.






35. An invitation to a selected list of contractors furnishing information on the submission of bids on a subject.






36. Under what conditions are wage premiums applied






37. How are the various surety bonds that may be required on a specific project obtained?






38. Five basic skills everyone should master

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39. What unit of time is used to measure labor?






40. A surety bond guaranteeing that a bidder will sign a contract - if offered - in accordance with their proposal.






41. Name the types of Estimates






42. What is the performance bond?






43. Assemblies Estimate...






44. A common error made by GCs in their dealings with subcontractors is to hand them a single technical specifications section relating to their trade - without copies of either the General Requirements or the General and Supplementary General Conditions






45. Name three common methods of procuring equipment.






46. Five basic skills everyone should master

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47. Where the project will be constructed does not have a major influence in the preparation of an estimate.






48. Proposal prepared by prospective contractor specifying the charges to be made for doing the work in accordance with the contract documents.






49. Order of Magnitude Estimate...






50. Name three common methods of procuring equipment.