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. Assemblies Estimate...






2. The most reliable productivity rates come from historical data






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






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






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






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






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






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






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






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






11. What is the performance bond?






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






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






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






15. 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.






16. Assemblies Estimate...






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






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






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






20. List the factors affecting labor productivity






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






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






23. Name 10 step process to bid

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24. Name 10 step process to bid

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






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






27. How does insurance differ from a surety bond?






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






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






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






31. A bathroom sink






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






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






34. What is estimating in construction?






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






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






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






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






39. 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






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






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






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






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






44. 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.






45. Explain firm price contracting estimates.






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






47. Name the types of Estimates






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






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






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