Planning and Estimating UPDATED ACTUAL QUESTIONS AND CORRECT
ANSWERS
The components of an assembly may be limited to a True
single trade or may be installed by many different trades.
The assembly and square-foot methods are typically False
used for preparing detailed estimates.
, When preparing a conceptual estimate, typically there True
are no drawings available or they drawings are very
limited and the contractor makes assumptions about
virtually every aspect of the project.
Project comparison estimates are prepared by True
comparing the cost of a proposed project to a
completed project.
Which of the following provides the bidders with the Instructions to bidders
procedures that must be followed to submit a complete
bid.
A detailed estimate includes determination of the all are included
quantities and costs of everything required to complete
the project including:
Which of the following modifies the basic contract Addendum
documents after they have been issued to the bidder, but
prior to the taking of bids.
To be able to do quantity takeoff, the estimator must: All are required
The assembly method involves computing the square False
footage of the building and multiplying that area by a
cost per square foot.
An estimator should be able to look at the drawings to True
visualize the project through its various phases of
construction.
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
In a contract, it is best to express the time of completion false
as the number of working days rather than the number of
calendar days.
In a lump-sum agreement, the contractor agrees to true
construct the project in accordance with the contract
documents, for a set price arrived at through competitive
bidding or negotiation.
Contracts may be awarded either by separate contracts true
for the various phases required for the completion of the
project or by a single contract for the entire project.
In a cost-plus-fee agreement, the fee is always a false
specified percent of the construction costs.
ANSWERS
The components of an assembly may be limited to a True
single trade or may be installed by many different trades.
The assembly and square-foot methods are typically False
used for preparing detailed estimates.
, When preparing a conceptual estimate, typically there True
are no drawings available or they drawings are very
limited and the contractor makes assumptions about
virtually every aspect of the project.
Project comparison estimates are prepared by True
comparing the cost of a proposed project to a
completed project.
Which of the following provides the bidders with the Instructions to bidders
procedures that must be followed to submit a complete
bid.
A detailed estimate includes determination of the all are included
quantities and costs of everything required to complete
the project including:
Which of the following modifies the basic contract Addendum
documents after they have been issued to the bidder, but
prior to the taking of bids.
To be able to do quantity takeoff, the estimator must: All are required
The assembly method involves computing the square False
footage of the building and multiplying that area by a
cost per square foot.
An estimator should be able to look at the drawings to True
visualize the project through its various phases of
construction.
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
In a contract, it is best to express the time of completion false
as the number of working days rather than the number of
calendar days.
In a lump-sum agreement, the contractor agrees to true
construct the project in accordance with the contract
documents, for a set price arrived at through competitive
bidding or negotiation.
Contracts may be awarded either by separate contracts true
for the various phases required for the completion of the
project or by a single contract for the entire project.
In a cost-plus-fee agreement, the fee is always a false
specified percent of the construction costs.
