©NINJANERD 2024/2025. YEAR PUBLISHED 2024.
CM 3111 Exam 1 Questions and Answers
100% Solved | Graded A+
contract documents - ✔✔The ______ consist(s) of the invitation to bid,
instructions to bidders, bid form, owner-contractor agreement, general
conditions of the contract, supplementary general conditions, technical
specifications, and the working drawings and form(s) the legal basis for the
construction of the project.
detailed estimate - ✔✔The ______ includes determination of the quantities
and costs of everything required to complete the project. This includes the
materials, labor, equipment, insurance, bonds, and overhead, as well as an
estimate of profit.
cooperative bidding - ✔✔______ involves the contractor working with the
owner (or through the owner's architect-engineer) to arrive at a mutually
acceptable price for the construction of the project. It often involves
negotiations back and forth on materials used, sizes, finishes, and other
items which affect the price of the project.
, ©NINJANERD 2024/2025. YEAR PUBLISHED 2024.
square-foot - ✔✔______ estimates are prepared by multiplying the square
footage of a building by a cost per square foot and then adjusting the price
to compensate for differences in the building heights, length of the building
perimeter, and other building components. These estimates require less
information to prepare and are less accurate.
technical specifications - ✔✔The ______ are written instructions
concerning project requirements that describe the quality of materials to be
used and their performance.
working drawings - ✔✔The ______ are the actual plans from which the
project will be constructed. The contain the dimension and location of
building elements, the materials required, and delineate how they fit
together.
Builder's Risk Insurance, Life Insurance, Property Insurance - ✔✔What is a
type of insurance that a contractor should maintain?
retainage - ✔✔A percent of the payments from the owner to the contractor
that is withheld for the projection of the owner and suppliers.
separate contracts - ✔✔In this contracting scheme, the owner or their
agents provide the coordination between the contractors. Also, the owner
CM 3111 Exam 1 Questions and Answers
100% Solved | Graded A+
contract documents - ✔✔The ______ consist(s) of the invitation to bid,
instructions to bidders, bid form, owner-contractor agreement, general
conditions of the contract, supplementary general conditions, technical
specifications, and the working drawings and form(s) the legal basis for the
construction of the project.
detailed estimate - ✔✔The ______ includes determination of the quantities
and costs of everything required to complete the project. This includes the
materials, labor, equipment, insurance, bonds, and overhead, as well as an
estimate of profit.
cooperative bidding - ✔✔______ involves the contractor working with the
owner (or through the owner's architect-engineer) to arrive at a mutually
acceptable price for the construction of the project. It often involves
negotiations back and forth on materials used, sizes, finishes, and other
items which affect the price of the project.
, ©NINJANERD 2024/2025. YEAR PUBLISHED 2024.
square-foot - ✔✔______ estimates are prepared by multiplying the square
footage of a building by a cost per square foot and then adjusting the price
to compensate for differences in the building heights, length of the building
perimeter, and other building components. These estimates require less
information to prepare and are less accurate.
technical specifications - ✔✔The ______ are written instructions
concerning project requirements that describe the quality of materials to be
used and their performance.
working drawings - ✔✔The ______ are the actual plans from which the
project will be constructed. The contain the dimension and location of
building elements, the materials required, and delineate how they fit
together.
Builder's Risk Insurance, Life Insurance, Property Insurance - ✔✔What is a
type of insurance that a contractor should maintain?
retainage - ✔✔A percent of the payments from the owner to the contractor
that is withheld for the projection of the owner and suppliers.
separate contracts - ✔✔In this contracting scheme, the owner or their
agents provide the coordination between the contractors. Also, the owner
