Question 1 points
How is the bid tabulation used by a contractor when putting together a detailed estimate?
Question options:
It is used by the estimators doing the individual takeoffs to make calculations and to generally work up the cost of each item.
It condenses the information on the workup sheets and summarizes the labor, material, equipment, and subcontractor costs and then totals
each of these items for each aspect of the work.
It is used to compare subcontractor or supplier bids for the same work.
It is used to tabulate all the bids on a project submitted by the subcontractors.
Question 2 points
Specialized estimating software can increase the productivity of the estimator. Which is NOT one of the advantages of using this
software?
Question options:
Prevents errors and always generates accurate estimates
Allows the estimator to track where the quantities came from
Increases the speed at which the estimate is prepared
Allows the estimator to change a price or a productivity rate and easily revise the estimate
Question 3 points
A site investigation is important for all of the following reasons EXCEPT:
Question options:
it is always required by the contract documents.
conditions vary significantly depending upon the type and location of the project.
site access and the availability of utilities can be checked.
subsurface soil conditions can be verified.
Question 4 points
Developing a project schedule to establish the project duration is:
, Question options:
a major underlying determinant of indirect costs associated with how long it will take to complete the project.
only accomplished with the use of computer software programs such as Microsoft Project, Suretrak, and Primavera Project Planner.
expensive and time consuming and therefore should be avoided.
the domain of the estimator, and there is no advantage to involving individuals who are actually going to perform the work because they will
establish their own schedules.
Question 5 points
When considering whether to bid a project or not, the contractor should remember that:
Question options:
contractors should submit a proposal for every project open for bidding.
many factors need to be considered, including the location and size of the project.
the bonding company is only interested in bids actually awarded and not in bids only submitted.
owners are not allowed to discriminate by setting minimum limits on work experience and years in business.
Question 6 points
Which of the following is considered a home office overhead cost?
Question options:
Salaries of project staff
The company estimating department
A jobsite field office
Temporary buildings
Question 7 points
The two basic cost categories are operating costs and ownership costs. Operating costs include:
Question options:
How is the bid tabulation used by a contractor when putting together a detailed estimate?
Question options:
It is used by the estimators doing the individual takeoffs to make calculations and to generally work up the cost of each item.
It condenses the information on the workup sheets and summarizes the labor, material, equipment, and subcontractor costs and then totals
each of these items for each aspect of the work.
It is used to compare subcontractor or supplier bids for the same work.
It is used to tabulate all the bids on a project submitted by the subcontractors.
Question 2 points
Specialized estimating software can increase the productivity of the estimator. Which is NOT one of the advantages of using this
software?
Question options:
Prevents errors and always generates accurate estimates
Allows the estimator to track where the quantities came from
Increases the speed at which the estimate is prepared
Allows the estimator to change a price or a productivity rate and easily revise the estimate
Question 3 points
A site investigation is important for all of the following reasons EXCEPT:
Question options:
it is always required by the contract documents.
conditions vary significantly depending upon the type and location of the project.
site access and the availability of utilities can be checked.
subsurface soil conditions can be verified.
Question 4 points
Developing a project schedule to establish the project duration is:
, Question options:
a major underlying determinant of indirect costs associated with how long it will take to complete the project.
only accomplished with the use of computer software programs such as Microsoft Project, Suretrak, and Primavera Project Planner.
expensive and time consuming and therefore should be avoided.
the domain of the estimator, and there is no advantage to involving individuals who are actually going to perform the work because they will
establish their own schedules.
Question 5 points
When considering whether to bid a project or not, the contractor should remember that:
Question options:
contractors should submit a proposal for every project open for bidding.
many factors need to be considered, including the location and size of the project.
the bonding company is only interested in bids actually awarded and not in bids only submitted.
owners are not allowed to discriminate by setting minimum limits on work experience and years in business.
Question 6 points
Which of the following is considered a home office overhead cost?
Question options:
Salaries of project staff
The company estimating department
A jobsite field office
Temporary buildings
Question 7 points
The two basic cost categories are operating costs and ownership costs. Operating costs include:
Question options:
