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






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






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






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






5. 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.






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






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






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






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






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






11. List the factors affecting labor productivity






12. Operation costs include...






13. Construction estimating is more an art than a science






14. What is estimating in construction?






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






16. 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






17. What is depreciation?






18. What is the performance bond?






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






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






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






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






23. What is the maintenance bond?






24. What is the maintenance bond?






25. 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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26. Describe and provide examples of specific use equipment and general use equipment.






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






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






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






30. Name three common methods of procuring equipment.






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






32. Construction estimating is more an art than a science






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






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






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






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






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






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






40. Order of Magnitude Estimate...






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






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






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






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






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






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






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






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






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






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