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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 is estimating in construction?






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






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






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






5. The most reliable productivity rates come from historical data






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






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






8. What does the labor hour represent?






9. 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






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






11. What is estimating in construction?






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






13. 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.






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






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






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






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






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






21. Assemblies Estimate...






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






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






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






25. A bathroom sink






26. 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






27. 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






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






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






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






31. What is the best source for productivity data?

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






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






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






35. Construction estimating is more an art than a science






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






37. Name three common methods of procuring equipment.






38. What is depreciation?






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






40. What is the performance bond?






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






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






43. Five basic skills everyone should master

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






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






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






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






48. What is the performance bond?






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






50. How does insurance differ from a surety bond?







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