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. 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






2. What is the maintenance bond?






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






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






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






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






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






8. 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






9. How does insurance differ from a surety bond?






10. A bathroom sink






11. Why is it a good idea for the general contractor to perform quantity surveys on work that is to be subcontracted out?

Warning: Invalid argument supplied for foreach() in /var/www/html/basicversity.com/show_quiz.php on line 183


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






13. Why is it a good idea for the general contractor to perform quantity surveys on work that is to be subcontracted out?

Warning: Invalid argument supplied for foreach() in /var/www/html/basicversity.com/show_quiz.php on line 183


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






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






16. What does the labor hour represent?






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






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






19. What does the labor hour represent?






20. Assemblies Estimate...






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






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






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






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






25. Operation costs include...






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






27. Operation costs include...






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






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






30. Five basic skills everyone should master

Warning: Invalid argument supplied for foreach() in /var/www/html/basicversity.com/show_quiz.php on line 183


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






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






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






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






35. Construction estimating is more an art than a science






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






37. Order of Magnitude Estimate...






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






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






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






41. What is depreciation?






42. 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.






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






44. What is the best source for productivity data?

Warning: Invalid argument supplied for foreach() in /var/www/html/basicversity.com/show_quiz.php on line 183


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






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






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






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






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






50. List the factors affecting labor productivity