COSC 375 CORRECT TEST PAPER QUESTIONS AND
ANSWERS SURE A+
✔✔We have selected a job to bid, what's next? - ✔✔1) General Review of Documents
2) Break Elements Down
3) List out Important Aspects
4) Address General/Special/Supplemental Conditions
5) Identify areas that are to be self-performed or subcontracted out
6) Work on listing of material that will need to be purchased
✔✔Bid Documents - ✔✔Documents required to be submitted in response to an
invitation to bid (ITB)
✔✔General Conditions - ✔✔Costs incurred during a project that generally don't involve
swinging a hammer or installing something permanent in your home
✔✔Special Conditions - ✔✔Provisions of a contract that are peculiar to the project
under consideration and do not fall under the general/supplemental conditions
✔✔Supplemental Conditions - ✔✔Special provisions in a contract that modify or qualify
its general conditions; "Supplementary Conditions"
✔✔Contingency Allowance - ✔✔Amount added to an estimate to cover costs that are
indeterminable at present (i.e., bad weather, mold, unforeseen damage to material)
✔✔Subcontractor - ✔✔Junior or secondary contractor who contracts with a prime
contractor (and no the principal or owner of the project) to perform some or all of the
prime contractor's contractual-obligations under the prime contract
✔✔MTO - ✔✔-Material Take Off
, -is a term used in engineering and construction, and refers to a list of materials with
quantities and types (such as specific grades of steel) that are required to build a
designed structure or item
✔✔Supplier - ✔✔Party that supplies goods or services ("Vendor")
✔✔Profit - ✔✔The surplus remaining after total costs are deducted from total revenue,
and the basis on which tax is computed and dividend is paid
✔✔Overhead - ✔✔-The costs to conduct business other than direct job costs; included
in bidder's markup
-Indirect expense, overhead expense
✔✔MasterFormat 1995 Spec Divisions (OLD) - ✔✔The Construction Specifications
Institute (CSI) publishes the MasterFormat, which is the standard that is used most
often for formatting construction spec's. The 1995 version, listed below, is no longer
published and has been replaced by the 2004 MasterFormat
✔✔MasterFormat 2004 Spec Divisions (NEW) - ✔✔Published by CSI... It's the new one
✔✔Price Out - ✔✔-Activity of applying dollar values to the items in a takeoff
✔✔Amendment - ✔✔A minor change in a document; A change or addition to a legal or
statutory document
✔✔Addendum - ✔✔An addition to a completed written document
(Comes before bid is submitted and finalized)
✔✔Allowance - ✔✔Portion set aside to compensate for something or to cover special
expenses
✔✔Unit Cost - ✔✔The cost incurred by a company to produce, store, and sell one unit
of a particular product.
Unit costs include fixed costs (plant and equip) and all variable costs (labor materials)
involved in productions
✔✔Alternate - ✔✔A specified item incurred by a company that is set apart by a separate
sum
May or may not be incorporated into contract
✔✔Closeouts - ✔✔Completion of project work
✔✔Mock Ups - ✔✔A model, either full size or to scale, of a construction system or
assembly used to analyze construction details, strength, and appearance
ANSWERS SURE A+
✔✔We have selected a job to bid, what's next? - ✔✔1) General Review of Documents
2) Break Elements Down
3) List out Important Aspects
4) Address General/Special/Supplemental Conditions
5) Identify areas that are to be self-performed or subcontracted out
6) Work on listing of material that will need to be purchased
✔✔Bid Documents - ✔✔Documents required to be submitted in response to an
invitation to bid (ITB)
✔✔General Conditions - ✔✔Costs incurred during a project that generally don't involve
swinging a hammer or installing something permanent in your home
✔✔Special Conditions - ✔✔Provisions of a contract that are peculiar to the project
under consideration and do not fall under the general/supplemental conditions
✔✔Supplemental Conditions - ✔✔Special provisions in a contract that modify or qualify
its general conditions; "Supplementary Conditions"
✔✔Contingency Allowance - ✔✔Amount added to an estimate to cover costs that are
indeterminable at present (i.e., bad weather, mold, unforeseen damage to material)
✔✔Subcontractor - ✔✔Junior or secondary contractor who contracts with a prime
contractor (and no the principal or owner of the project) to perform some or all of the
prime contractor's contractual-obligations under the prime contract
✔✔MTO - ✔✔-Material Take Off
, -is a term used in engineering and construction, and refers to a list of materials with
quantities and types (such as specific grades of steel) that are required to build a
designed structure or item
✔✔Supplier - ✔✔Party that supplies goods or services ("Vendor")
✔✔Profit - ✔✔The surplus remaining after total costs are deducted from total revenue,
and the basis on which tax is computed and dividend is paid
✔✔Overhead - ✔✔-The costs to conduct business other than direct job costs; included
in bidder's markup
-Indirect expense, overhead expense
✔✔MasterFormat 1995 Spec Divisions (OLD) - ✔✔The Construction Specifications
Institute (CSI) publishes the MasterFormat, which is the standard that is used most
often for formatting construction spec's. The 1995 version, listed below, is no longer
published and has been replaced by the 2004 MasterFormat
✔✔MasterFormat 2004 Spec Divisions (NEW) - ✔✔Published by CSI... It's the new one
✔✔Price Out - ✔✔-Activity of applying dollar values to the items in a takeoff
✔✔Amendment - ✔✔A minor change in a document; A change or addition to a legal or
statutory document
✔✔Addendum - ✔✔An addition to a completed written document
(Comes before bid is submitted and finalized)
✔✔Allowance - ✔✔Portion set aside to compensate for something or to cover special
expenses
✔✔Unit Cost - ✔✔The cost incurred by a company to produce, store, and sell one unit
of a particular product.
Unit costs include fixed costs (plant and equip) and all variable costs (labor materials)
involved in productions
✔✔Alternate - ✔✔A specified item incurred by a company that is set apart by a separate
sum
May or may not be incorporated into contract
✔✔Closeouts - ✔✔Completion of project work
✔✔Mock Ups - ✔✔A model, either full size or to scale, of a construction system or
assembly used to analyze construction details, strength, and appearance
