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. List the factors affecting labor productivity






2. What is the performance bond?






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






4. What does the labor hour represent?






5. Name three common methods of procuring equipment.






6. What does the labor hour represent?






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






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






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






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






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






12. Under what conditions are wage premiums applied






13. What are the benefits of renting equipment?






14. Describe the composition of the Construction Cost Index (CCI).






15. A bathroom sink






16. Five basic skills everyone should master

Warning: Invalid argument supplied for foreach() in /var/www/html/basicversity.com/show_quiz.php on line 183


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






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






19. What are the benefits of renting equipment?






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






21. Operation costs include...






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






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






24. Describe the composition of the Construction Cost Index (CCI).






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






26. What is the payment bond?






27. What is depreciation?






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






29. Assemblies Estimate...






30. Name 10 step process to bid

Warning: Invalid argument supplied for foreach() in /var/www/html/basicversity.com/show_quiz.php on line 183


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






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






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






34. 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.






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






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






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






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






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






40. stimating labor requires determining the number of work hours to do a specific task and then applying the wage rate.






41. 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






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






43. Name the types of Estimates






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






45. Construction estimating is more an art than a science






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






47. What is the performance bond?






48. What are the difficulties encountered by the estimator during the preparation of a project's conceptual estimate?






49. List the factors affecting labor productivity






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