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






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






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






4. Name three common methods of procuring equipment.






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






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






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






8. What is the maintenance bond?






9. What is the maintenance bond?






10. What is estimating in construction?






11. 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






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






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






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






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






16. Construction estimating is more an art than a science






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






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






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






20. 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.






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






22. 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.






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






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






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






26. Operation costs include...






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






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






29. What is the best source for productivity data?

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30. Assemblies Estimate...






31. Assemblies Estimate...






32. Five basic skills everyone should master

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






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






35. 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






36. 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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37. How does insurance differ from a surety bond?






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






39. A bathroom sink






40. What is the performance bond?






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






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






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






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






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






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






47. What is the best source for productivity data?

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






49. Name 10 step process to bid

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50. What is depreciation?