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






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






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






4. 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






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






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






7. What is the payment bond?






8. What is the maintenance bond?






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






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






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






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






13. Five basic skills everyone should master

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






15. Assemblies Estimate...






16. What is estimating in construction?






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






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






19. What is the payment bond?






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






21. Name the types of Estimates






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






23. Explain firm price contracting estimates.






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






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






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






27. Under what conditions are wage premiums applied






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






29. Order of Magnitude Estimate...






30. Construction estimating is more an art than a science






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






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






33. Name 10 step process to bid

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






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






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






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






38. 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.






39. Operation costs include...






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






41. What is the performance bond?






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






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






44. The most reliable productivity rates come from historical data






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






46. What is depreciation?






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






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






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






50. 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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