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






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






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






4. Explain firm price contracting estimates.






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






6. 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






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






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






9. 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.






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






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






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






13. What is the performance bond?






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






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






16. Construction estimating is more an art than a science






17. How does insurance differ from a surety bond?






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






19. What is the payment bond?






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






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






22. Order of Magnitude Estimate...






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






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






25. How does insurance differ from a surety bond?






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






27. What is estimating in construction?






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






29. Name 10 step process to bid

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30. What does the labor hour represent?






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






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






33. Under what conditions are wage premiums applied






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






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






36. List the factors affecting labor productivity






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






38. What are the benefits of renting equipment?






39. 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.






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






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






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






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






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






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






46. Operation costs include...






47. Assemblies Estimate...






48. What is estimating in construction?






49. What is the best source for productivity data?

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50. Under what conditions are wage premiums applied