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Construction Estimating

Instructions:
  • Answer 50 questions in 15 minutes.
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  • 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. Describe the CSI MasterFormat and how it is used.






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






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






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






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






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






7. 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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8. Five basic skills everyone should master

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






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






11. A bathroom sink






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






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






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






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






16. What is the payment bond?






17. Assemblies Estimate...






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






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






20. 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.






21. 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.






22. Name the types of Estimates






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






24. What are the benefits of renting equipment?






25. What is the performance bond?






26. What does the labor hour represent?






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






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






29. 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






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






31. Order of Magnitude Estimate...






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






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






34. What is the best source for productivity data?

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






36. List the factors affecting labor productivity






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






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






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






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






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






42. Under what conditions are wage premiums applied






43. The most reliable productivity rates come from historical data






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






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






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






47. Construction estimating is more an art than a science






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






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






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







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