CM 3111 EXAM 1 QUESTIONS AND
ANSWERS 100% PASS 2026 EDITION
The _____ consist(s) of the invitation to bid, instructions to bidders, bid form, owner-contractor
agreement, general conditions of the contract, supplementary general conditions, technical
specifications, and the working drawings and form(s) the legal basis for the construction of the
project. - ANS contract documents
The _____ includes determination of the quantities and costs of everything required to
complete the project. This includes the materials, labor, equipment, insurance, bonds, and
overhead, as well as an estimate of profit. - ANS detailed estimate
_____ involves the contractor working with the owner (or through the owner's architect-
engineer) to arrive at a mutually acceptable price for the construction of the project. It often
involves negotiations back and forth on materials used, sizes, finishes, and other items which
affect the price of the project. - ANS Negotiated bidding
What additional skill must the estimator have to be able to take a quantity survey and turn it
into a detailed estimate?
a. Must be able to use computer hardware and software and know how to manipulate the
various databases available or how to build databases.
b. Must have sufficient knowledge or labor performance and operations so that he can convert
them into costs on a project.
c. Must be able, from looking at drawings, to visualize the project through the various phases of
construction.
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, d. All of the above - ANS d. All of the above
_____ estimates are prepared by multiplying the square footage of a building by a cost per
square foot and then adjusting the price to compensate for differences in the building heights,
length of the building perimeter, and other building components. These estimates require less
information to prepare and are less accurate. - ANS Square-foot
The _____ are written instructions concerning project requirements that describe the quality of
materials to be used and their performance. - ANS technical specifications
The _____ are the actual plans from which the project will be constructed. They contain the
dimensions and locations of building elements, the materials required, and delineate how they
fit together. - ANS working drawings
A percentage of the payments from the owner to the contractor that is withheld for the
protection of the owner and suppliers: - ANS Retainage
What is a type of insurance that a contractor should maintain?
a. Builder's Risk insurance
b. Life insurance
c. Property insurance
d. All of the above - ANS d. All of the above
In this contracting scheme, the owner or their agents provide the coordination between the
contractor. Also, the owner signs separate agreements for the construction of various portions
of the project. - ANS Separate Contracts
A _____ comprises all of the work required for the completion of a project and is the
responsibility of a single prime contractor. - ANS single contract
@COPYRIGHT 2026 ALLRIGHTS RESERVED 2
ANSWERS 100% PASS 2026 EDITION
The _____ consist(s) of the invitation to bid, instructions to bidders, bid form, owner-contractor
agreement, general conditions of the contract, supplementary general conditions, technical
specifications, and the working drawings and form(s) the legal basis for the construction of the
project. - ANS contract documents
The _____ includes determination of the quantities and costs of everything required to
complete the project. This includes the materials, labor, equipment, insurance, bonds, and
overhead, as well as an estimate of profit. - ANS detailed estimate
_____ involves the contractor working with the owner (or through the owner's architect-
engineer) to arrive at a mutually acceptable price for the construction of the project. It often
involves negotiations back and forth on materials used, sizes, finishes, and other items which
affect the price of the project. - ANS Negotiated bidding
What additional skill must the estimator have to be able to take a quantity survey and turn it
into a detailed estimate?
a. Must be able to use computer hardware and software and know how to manipulate the
various databases available or how to build databases.
b. Must have sufficient knowledge or labor performance and operations so that he can convert
them into costs on a project.
c. Must be able, from looking at drawings, to visualize the project through the various phases of
construction.
@COPYRIGHT 2026 ALLRIGHTS RESERVED 1
, d. All of the above - ANS d. All of the above
_____ estimates are prepared by multiplying the square footage of a building by a cost per
square foot and then adjusting the price to compensate for differences in the building heights,
length of the building perimeter, and other building components. These estimates require less
information to prepare and are less accurate. - ANS Square-foot
The _____ are written instructions concerning project requirements that describe the quality of
materials to be used and their performance. - ANS technical specifications
The _____ are the actual plans from which the project will be constructed. They contain the
dimensions and locations of building elements, the materials required, and delineate how they
fit together. - ANS working drawings
A percentage of the payments from the owner to the contractor that is withheld for the
protection of the owner and suppliers: - ANS Retainage
What is a type of insurance that a contractor should maintain?
a. Builder's Risk insurance
b. Life insurance
c. Property insurance
d. All of the above - ANS d. All of the above
In this contracting scheme, the owner or their agents provide the coordination between the
contractor. Also, the owner signs separate agreements for the construction of various portions
of the project. - ANS Separate Contracts
A _____ comprises all of the work required for the completion of a project and is the
responsibility of a single prime contractor. - ANS single contract
@COPYRIGHT 2026 ALLRIGHTS RESERVED 2
