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






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






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






5. What is the maintenance bond?






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






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






8. Name the types of Estimates






9. Assemblies Estimate...






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






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






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






13. Name the types of Estimates






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






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






16. What are the benefits of renting equipment?






17. 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






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






19. What is depreciation?






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






21. What is the payment bond?






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






23. Under what conditions are wage premiums applied






24. What is the payment bond?






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






26. Five basic skills everyone should master

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






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






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






30. 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






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






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






33. Order of Magnitude Estimate...






34. Assemblies Estimate...






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






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






37. What is the best source for productivity data?

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






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






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






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






42. 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






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






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






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






46. Five basic skills everyone should master

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






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






49. What does the labor hour represent?






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