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. 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.






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






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






4. Construction estimating is more an art than a science






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






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






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






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






9. What is estimating in construction?






10. The most reliable productivity rates come from historical data






11. The most reliable productivity rates come from historical data






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






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






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






15. Under what conditions are wage premiums applied






16. Name the types of Estimates






17. Operation costs include...






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






19. What is the best source for productivity data?

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20. A bathroom sink






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






22. What is depreciation?






23. What is the best source for productivity data?

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






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






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






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






28. Construction estimating is more an art than a science






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






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






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






32. What is estimating in construction?






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






34. List the factors affecting labor productivity






35. Name three common methods of procuring equipment.






36. 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.






37. Five basic skills everyone should master

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38. What are the benefits of renting equipment?






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






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






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. What does the labor hour represent?






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






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






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






46. What is depreciation?






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






48. Order of Magnitude Estimate...






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






50. What is the payment bond?