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






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






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






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






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






6. 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






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






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






9. Operation costs include...






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






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






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






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






14. List the factors affecting labor productivity






15. Name 10 step process to bid

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


16. The most reliable productivity rates come from historical data






17. 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.






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






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






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






21. A bathroom sink






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






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






24. How does insurance differ from a surety bond?






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






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






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






28. What are the benefits of renting equipment?






29. Why is it a good idea for the general contractor to perform quantity surveys on work that is to be subcontracted out?

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


30. What is the best source for productivity data?

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


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






32. What does the labor hour represent?






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






34. Name three common methods of procuring equipment.






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






36. Name 10 step process to bid

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


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






38. The most reliable productivity rates come from historical data






39. What is estimating in construction?






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






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






42. Name three common methods of procuring equipment.






43. What is the maintenance bond?






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






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






46. 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






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






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






49. Order of Magnitude Estimate...






50. Under what conditions are wage premiums applied