COSC 375 STUDY EXAMS GUIDE QUESTIONS AND
ANSWERS SURE A+
✔✔Mock Ups - ✔✔A model, either full size or to scale, of a construction system or
assembly used to analyze construction details, strength, and appearance
✔✔Holder Fun Facts - ✔✔-Founded in 1960
-#1 Technology builder
-$1.9 Billion
✔✔Holder "VAIM" acronym - ✔✔Value
Analysis
Incorporation
Management
✔✔How much is a zillion dollars? - ✔✔An unlimited amount of money (never ending)
✔✔Are both MasterFormats being used today? - ✔✔YES***
✔✔Bid Bond Calculation - ✔✔((Bond Amount x 1%)(Duration)) + Bond Amount
✔✔Bid Security - ✔✔A bid bond or deposit submitted with a bid to guarantee to the
owner that the bidder, if awarded the contract, will execute the contract within a
specified period of time and will furnish any bonds or other requirements of the bid
documents
✔✔Bid Package - ✔✔All drawings, specs, documents, estimates, paperwork, bid forms,
and bid bonds relevant to a construction project. A contract is based on the bid package
✔✔Liquidated Damages - ✔✔Sum of money (agreed-to and written into a contract)
specified as the total amount of compensation an aggrieved party should get, if the
other party breaches certain parts of the contract
, ✔✔Change Order - ✔✔Unilateral written order by a project owner directing the
contractor to change contract amount, requirements, or time
✔✔Builder's Risk Insurance - ✔✔-A specialized form of property insurance that provides
coverage for a loss or damage to the work during the course of construction
-Ranges from .0075 - .015***
- (Total x (Coverage Percentage)/100 x Duration)
✔✔Labor Burden - ✔✔Taxes and insurances the employer is required to pay by law
based on labor payroll on behalf of or for the benefit of labor (In the U.S., these are
federal old age tax, federal unemployment insurance tax, state unemployment tax, and
worker's compensation)
✔✔CIAC Career Fair Date - ✔✔September 17, 2015
✔✔List 3 ways or sources for finding leads on potential projects for your company to bid
on - ✔✔isqft.com
dodgecenter.com
texas.construct.org
✔✔List 3 factors or risks which may result in you increasing your profit margin on a
potential bid - ✔✔bad weather
unforeseen damage to material
(Add a 3rd)
✔✔Name two of the projects which we have utilized so far for our class work. -
✔✔Stanley Armory
Boerne Police, Courts, and Council Chamber
✔✔Name two reasons why metal studs have holes punched in them - ✔✔To allow for
track to run through them
To install brackets
✔✔Moral - ✔✔Relating to, or concerned with the principles or rules of right conduct or
the distinction between right and wrong
✔✔Ethics - ✔✔Conforms to self-imposed high standards of public conduct
✔✔ Gary Boldt cell phone number - ✔✔210-413-4946
ANSWERS SURE A+
✔✔Mock Ups - ✔✔A model, either full size or to scale, of a construction system or
assembly used to analyze construction details, strength, and appearance
✔✔Holder Fun Facts - ✔✔-Founded in 1960
-#1 Technology builder
-$1.9 Billion
✔✔Holder "VAIM" acronym - ✔✔Value
Analysis
Incorporation
Management
✔✔How much is a zillion dollars? - ✔✔An unlimited amount of money (never ending)
✔✔Are both MasterFormats being used today? - ✔✔YES***
✔✔Bid Bond Calculation - ✔✔((Bond Amount x 1%)(Duration)) + Bond Amount
✔✔Bid Security - ✔✔A bid bond or deposit submitted with a bid to guarantee to the
owner that the bidder, if awarded the contract, will execute the contract within a
specified period of time and will furnish any bonds or other requirements of the bid
documents
✔✔Bid Package - ✔✔All drawings, specs, documents, estimates, paperwork, bid forms,
and bid bonds relevant to a construction project. A contract is based on the bid package
✔✔Liquidated Damages - ✔✔Sum of money (agreed-to and written into a contract)
specified as the total amount of compensation an aggrieved party should get, if the
other party breaches certain parts of the contract
, ✔✔Change Order - ✔✔Unilateral written order by a project owner directing the
contractor to change contract amount, requirements, or time
✔✔Builder's Risk Insurance - ✔✔-A specialized form of property insurance that provides
coverage for a loss or damage to the work during the course of construction
-Ranges from .0075 - .015***
- (Total x (Coverage Percentage)/100 x Duration)
✔✔Labor Burden - ✔✔Taxes and insurances the employer is required to pay by law
based on labor payroll on behalf of or for the benefit of labor (In the U.S., these are
federal old age tax, federal unemployment insurance tax, state unemployment tax, and
worker's compensation)
✔✔CIAC Career Fair Date - ✔✔September 17, 2015
✔✔List 3 ways or sources for finding leads on potential projects for your company to bid
on - ✔✔isqft.com
dodgecenter.com
texas.construct.org
✔✔List 3 factors or risks which may result in you increasing your profit margin on a
potential bid - ✔✔bad weather
unforeseen damage to material
(Add a 3rd)
✔✔Name two of the projects which we have utilized so far for our class work. -
✔✔Stanley Armory
Boerne Police, Courts, and Council Chamber
✔✔Name two reasons why metal studs have holes punched in them - ✔✔To allow for
track to run through them
To install brackets
✔✔Moral - ✔✔Relating to, or concerned with the principles or rules of right conduct or
the distinction between right and wrong
✔✔Ethics - ✔✔Conforms to self-imposed high standards of public conduct
✔✔ Gary Boldt cell phone number - ✔✔210-413-4946
