CM 3111 EXAM 1 QUESTIONS AND
ANSWERS 100% PASS 2026 EDITION
Estimating - ANS the determination of probable construction costs for a project that are
prepared from the contract documents.
to establish project budget and order materials - ANS what is estimating in construction used
for?
profit margin - ANS provides the general contractor an acceptable rate of return and
compensation for the risk associated with the project
detailed estimate - ANS type of estimate that determines the quantity and cost of everything
required for the project, including material, labor, equipment, insurance, bonds, overhead, etc.
assembly estimating - ANS type of estimate where rather than bidding each of the individual
components of the project, the estimator bids the components in groups
square foot estimates - ANS type of estimate that is bid based on an average cost per square
foot
parametric estimates - ANS type of estimate that uses equations that express the statistical
relationship between building parameters and the cost of the building
@COPYRIGHT 2026 ALLRIGHTS RESERVED 1
, model estimating - ANS type of estimate that uses computer models to prepare an estimate
based on a number of questions answered by the estimator
project comparison estimate - ANS a type of estimate that is prepared by comparing the
costs of a proposed project to a similar project
quantity takeoff - ANS some skills that you need for ______ include: read and quantify plans,
knowledge of math and geometry, patience, doing careful, thorough work, computer literate
competitive bidding - ANS a type of bid that involves each contractor submitting a lump sum
bid or a proposal that is awarded based upon price and best value
negotiated bidding - ANS a type of bid in which the parties arrive at a mutually agreed upon
price, terms and conditions, and contractual relationship.
invitation to bid - ANS invites potential contractors to bid on the project and provides a brief
summary on the project scope and size, location, project's owner, etc.
instruction to bidders - ANS provides bidders with the procedures that must be followed to
submit a complete bid and contains such information as the date, time, and place the bid is due.
bid form - ANS a standard form that all contractors use to submit their bids
owner-contractor agreement - ANS the document that formalizes the construction contract,
and it is the basic contract. it incorporates by reference all of the other documents and makes
them part of the contract
general conditions - ANS define the rights, responsibilities, and relations of all parties to the
construction contract.
@COPYRIGHT 2026 ALLRIGHTS RESERVED 2
ANSWERS 100% PASS 2026 EDITION
Estimating - ANS the determination of probable construction costs for a project that are
prepared from the contract documents.
to establish project budget and order materials - ANS what is estimating in construction used
for?
profit margin - ANS provides the general contractor an acceptable rate of return and
compensation for the risk associated with the project
detailed estimate - ANS type of estimate that determines the quantity and cost of everything
required for the project, including material, labor, equipment, insurance, bonds, overhead, etc.
assembly estimating - ANS type of estimate where rather than bidding each of the individual
components of the project, the estimator bids the components in groups
square foot estimates - ANS type of estimate that is bid based on an average cost per square
foot
parametric estimates - ANS type of estimate that uses equations that express the statistical
relationship between building parameters and the cost of the building
@COPYRIGHT 2026 ALLRIGHTS RESERVED 1
, model estimating - ANS type of estimate that uses computer models to prepare an estimate
based on a number of questions answered by the estimator
project comparison estimate - ANS a type of estimate that is prepared by comparing the
costs of a proposed project to a similar project
quantity takeoff - ANS some skills that you need for ______ include: read and quantify plans,
knowledge of math and geometry, patience, doing careful, thorough work, computer literate
competitive bidding - ANS a type of bid that involves each contractor submitting a lump sum
bid or a proposal that is awarded based upon price and best value
negotiated bidding - ANS a type of bid in which the parties arrive at a mutually agreed upon
price, terms and conditions, and contractual relationship.
invitation to bid - ANS invites potential contractors to bid on the project and provides a brief
summary on the project scope and size, location, project's owner, etc.
instruction to bidders - ANS provides bidders with the procedures that must be followed to
submit a complete bid and contains such information as the date, time, and place the bid is due.
bid form - ANS a standard form that all contractors use to submit their bids
owner-contractor agreement - ANS the document that formalizes the construction contract,
and it is the basic contract. it incorporates by reference all of the other documents and makes
them part of the contract
general conditions - ANS define the rights, responsibilities, and relations of all parties to the
construction contract.
@COPYRIGHT 2026 ALLRIGHTS RESERVED 2
