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. Name the types of Estimates






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






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






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






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






6. What is the performance bond?






7. List the factors affecting labor productivity






8. Explain firm price contracting estimates.






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






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






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






12. Explain firm price contracting estimates.






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






14. Operation costs include...






15. 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.






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


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






18. Construction estimating is more an art than a science






19. A bathroom sink






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






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






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






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






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






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






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






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






28. Name 10 step process to bid


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






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






31. Name three common methods of procuring equipment.






32. Assemblies Estimate...






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






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






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






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






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






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






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






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






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






42. 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






43. What is the best source for productivity data?


44. List the factors affecting labor productivity






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






46. How does insurance differ from a surety bond?






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






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






49. What does the labor hour represent?






50. The most reliable productivity rates come from historical data