Planning and Estimating

Which of the following modifies the basic contract documents after they have been issued to the bidder, but prior to the taking of bids.

Addendum

The owner may reserve the right to the following:

All answers are correct

The place where bids will be received will typically be found in which of the following documents:

All answers are correct

In private construction, owners may choose to:

All are correct

To be able to do quantity takeoff, the estimator must:

All are required

What should an estimator do if he or she suspects that a specialty contractor's bid is too high or too low?

Call and discuss his or her concerns with the specialty contractor.

Which of the following insurances covers liability arising from errors or omissions by the designers of a project.

Errors and Omissions

Direct costs cover the overhead of the company's offices.

False

The assembly and square-foot methods are typically used for preparing detailed estimates.

False

The assembly method involves computing the square footage of the building and multiplying that area by a cost per square foot.

False

Which of the following provides the bidders with the procedures that must be followed to submit a complete bid.

Instructions to bidders

Where would you look to find a written description of materials, construction systems, and workmanship?

Technical Specifications

What is the primary advantage of using specialty contractors?

The general contractor can transfer some of the risk associated with the project to the specialty contractor.

An estimator should be able to look at the drawings to visualize the project through its various phases of construction.

True

Project comparison estimates are prepared by comparing the cost of a proposed project to a completed project.

True

The components of an assembly may be limited to a single trade or may be installed by many different trades.

True

When preparing a conceptual estimate, typically there are no drawings available or they drawings are very limited and the contractor makes assumptions about virtually every aspect of the project.

True

In construction estimating, bonds refer to:

Written documents that guarantee that the contract documents will be complied with and all costs relative to the project will be paid

Which of the following needs to be included in the cost of the materials?

all answers are correct

A detailed estimate includes determination of the quantities and costs of everything required to complete the project including:

all are included

Which of the following questions should the contractor ask themselves when deciding whether or not to bid?

all of the above

The _______ bond ensures that if a contractor is awarded the bid within the time specified, the contractor will enter into the contract and provide all other specified bonds.

bid

The home office overhead costs include items that ____________ be readily charged to any one project and represent the cost of ____________.

can, managing a project

We can best estimate productivity for Hauling Stone, or Installing Sheathing using what method?

cycle time

This act establishes the requirements for the payment of a minimum wage and overtime.

fair labor standards act

Construction projects are required to use a standard owner/contractor agreement form published by a industry organization.

false

Employers must pay Subcontractors overtime.

false

Employers only pay their employees, minus their taxes, for their hours worked.

false

In a contract, it is best to express the time of completion as the number of working days rather than the number of calendar days.

false

In a cost-plus-fee agreement, the fee is always a specified percent of the construction costs.

false

It is acceptable for the estimator to skim over the project manual.

false

It is seldom required by the contract documents that the contractor visit the site and attend a pre-bid conference.

false

Labor burden includes all premiums for Employee paid Insurance.

false

RFI are used to clearly communicate to the prospective specialty contractors the scope of work that is to be performed, when the bid is due, and any other information needed to submit a price.

false

Scopes of work should only include what is being performed.

false

The Construction Specifications Institute's Master Spec Writer is the standard format for organizing the specifications.

false

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

false

There are no Unions in Wilmington NC in the construction Industry.

false

Verification of a received estimate from a specialty Contractor is done by the accounting dept.

false

Which of the following insurances covers off-road construction equipment, such as backhoes, scrapers, and dump trucks not licensed for use on public roads.

inland marine

General conditions, also referred to as ____________, consist of all costs that can be readily charged to ____________, but not to a specific item of work on that project.

job overhead, a specific project

What Unit is used for calculating Labor?

labor hour

The use of this in excess can have a detrimental effect on the Productivity and Total job costs.

overtime

What should an estimator not consider when selecting a specialty contractor?

related to the contractor

Which of the following should not be included in the home office overhead.

rental of the project office trailer

Unit-price agreements in are most common in

road construction

All costs contained on the workup sheets are condensed, totaled, and included on the ______.

summary sheet

A certain percentage of the cost is written off as depreciation each year and is part of the general overhead expense of running a business.

true

A schedule of values is a statement that shows sales prices for specific items within the project.

true

A well-organized estimate improves the probability of getting the work, facilitating the actual work in the field, and completing the work within budget.

true

A work package is a specific portion of the project's scope of work that will be assigned to a particular group.

true

Before using a subcontractor bid on a project, the contractor should verify that all of the addenda have been received by subcontractor and incorporated into his or her bid.

true

Budget, time frame, Schedule, Background, and Work history are all considered when hiring a Specialty Contractor.

true

CSI stands for Construction Specifications Institute.

true

Contracts may be awarded either by separate contracts for the various phases required for the completion of the project or by a single contract for the entire project.

true

Cost for bis= (Cost comparison/ Quantity comparison) (Quantity Bid)

true

Electrical requirements may include lighting and power for the project.

true

If you are given a Truck allowance to use your truck, it is considered taxable income.

true

In a lump-sum agreement, the contractor agrees to construct the project in accordance with the contract documents, for a set price arrived at through competitive bidding or negotiation.

true

Job overhead costs typically constitute a large percentage of the total cost of a construction project.

true

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

true

Overhead costs are generally divided into home office overhead costs and job overhead costs.

true

The basis of the subcontract will incorporate the Scope of Work.

true

The estimator's work must be kept organized to the extent that in an unforeseen circumstance (such as illness or accident), someone else might step in, complete the estimate, and submit a proposal on the project.

true

The two ways of writing a scope of work include referencing all or part of a set of contract documents (plans and project manual) and by specifically spelling out what is included and what is excluded from the scope of work.

true

When scheduling the contractor's crews, the duration should be based upon the number of labor hours required to complete the task divided by the number of labor hours performed by the selected crew in one day.

true

When selecting a contractor based on the best bid, the scoring of the technical proposal is completed before the price proposal is opened to prevent the price from affecting the scoring of the technical proposal.

true

A contingency is used to cover __________ conditions that __________ reasonably be determined during the design, change orders, and other project risks.

unexpected conditions, cannot

What are Collective bargaining agreements are associated with ?

unions