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






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






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






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






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






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






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






8. 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






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






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






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






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






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






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






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






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






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






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






19. 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






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






21. 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.






22. What is the performance bond?






23. Name three common methods of procuring equipment.






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






25. List the factors affecting labor productivity






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






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






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






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






30. What is depreciation?






31. The most reliable productivity rates come from historical data






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






33. What does the labor hour represent?






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






35. Name the types of Estimates






36. Under what conditions are wage premiums applied






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






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






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






40. The most reliable productivity rates come from historical data






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






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






43. Assemblies Estimate...






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






45. What are the advantages to a small contractor of renting equipment instead of owning?






46. Under what conditions are wage premiums applied






47. Explain firm price contracting estimates.






48. Order of Magnitude Estimate...






49. Construction estimating is more an art than a science






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