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






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






3. 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






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






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






6. Five basic skills everyone should master

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7. 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.






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






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






10. How does insurance differ from a surety bond?






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






12. List the factors affecting labor productivity






13. Five basic skills everyone should master

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






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






16. What is the best source for productivity data?

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






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






19. How does insurance differ from a surety bond?






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






21. Name three common methods of procuring equipment.






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






23. What does the labor hour represent?






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






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






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






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






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






29. 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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30. Describe the CSI MasterFormat and how it is used.






31. A bathroom sink






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






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






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






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






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






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






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






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






40. Operation costs include...






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






42. Construction estimating is more an art than a science






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






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






46. Under what conditions are wage premiums applied






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






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






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






50. 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