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. Order of Magnitude Estimate...






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






3. The most reliable productivity rates come from historical data






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






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






6. A good database of past project experiences is essential to preparing a quick and accurate estimate.






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






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






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






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






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






12. 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.






13. Name the types of Estimates






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






15. What does the labor hour represent?






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






17. Name three common methods of procuring equipment.






18. What are the benefits of renting equipment?






19. A good database of past project experiences is essential to preparing a quick and accurate estimate.






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






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






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






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






24. A bathroom sink






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






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






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






28. 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






29. What are the benefits of renting equipment?






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






31. Five basic skills everyone should master


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






33. 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






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






35. How does insurance differ from a surety bond?






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






37. Construction estimating is more an art than a science






38. What is the performance bond?






39. What is the best source for productivity data?


40. Assemblies Estimate...






41. Operation costs include...






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






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






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






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






46. List the factors affecting labor productivity






47. Operation costs include...






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






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






50. 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