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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. The substructure that supports a building or other structure.






2. What does the labor hour represent?






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






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






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






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






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






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






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






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






11. 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.






12. What does the labor hour represent?






13. List the factors affecting labor productivity






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






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






16. 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






17. How does insurance differ from a surety bond?






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






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






20. 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.






21. What is the performance bond?






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






23. What are the benefits of renting equipment?






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






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






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






27. Name the types of Estimates






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






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






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






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






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






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






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






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






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






37. What is the best source for productivity data?

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






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






40. Construction estimating is more an art than a science






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






42. Order of Magnitude Estimate...






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






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






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






46. What is the maintenance bond?






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






48. What is the payment bond?






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






50. 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.







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