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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. What are some of the costs that must be included in equipment operating costs?






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






3. A work order - usually prepared by the architect and signed by the owner or the owner's agent - authorizing a change in the scope of the work and a change in the cost of the project.






4. Under what conditions are wage premiums applied






5. The location where material can be stored in relationship to the construction project affects productivity.






6. 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






7. A bathroom sink






8. What is retainage? Why should a contractor be concerned with a retainage clause in a contract?






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






10. Name three common methods of procuring equipment.






11. Describe factors affecting the accuracy of detail cost estimating.






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






13. Working drawings - specifications - general conditions - supplementary general conditions - the owner-contractor agreement - and all addenda (if issued).






14. Explain why using overtime is not recommended for most construction projects.






15. What is the best source for productivity data?

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






17. What is depreciation?






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






19. A bathroom sink






20. What is estimating in construction?






21. What is the maintenance bond?






22. The most reliable productivity rates come from historical data






23. The most reliable productivity rates come from historical data






24. Order of Magnitude Estimate...






25. The information provided in the General Conditions and Supplementary General Conditions does not influence the project cost.






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






27. Name three common methods of procuring equipment.






28. The equipment used on construction projects can be divided into three categories: Owned - leased - and rented.






29. Name two systems that establish standards for the building design/construction estimating process.






30. A list prepared by the architect or engineer of the contractor's uncompleted work or work to be corrected.






31. What is retainage? Why should a contractor be concerned with a retainage clause in a contract?






32. What is the bid bond and how does it protect the owner?






33. Five basic skills everyone should master

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






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






36. Name the types of Estimates






37. Under what conditions are wage premiums applied






38. A list prepared by the architect or engineer of the contractor's uncompleted work or work to be corrected.






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






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






41. Why is it a good idea for the general contractor to perform quantity surveys on work that is to be subcontracted out?

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






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






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






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






46. Explain firm price contracting estimates.






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






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






49. Where would information be found on whether a bid bond was required and - if so - its amount?






50. Describe factors affecting the accuracy of detail cost estimating.






Can you answer 50 questions in 15 minutes?



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