CON 465 Midterm Exam questions with accurate
answers
AIA Documents Help.... Ans✓✓✓ Minimize Review Times
Are precon activities extended on hard bid or negotiated? Ans✓✓✓
Negotiated
Assets include ______?
(Fixed and Liquid) Ans✓✓✓ Fixed - Heavy equipment, building
Liquid - Tools, cash, accts. receivable, earnings in excess of billings
Bid Bond Ans✓✓✓ Protects the project owner in the event a contractor
backs out of the contract after winning the bid or fails to provide a
performance bid, which is required to start working on the project.
Very cheap, free-$350 typically
Builders Risk Insurance Ans✓✓✓ Out of your control, "acts of God"
Company History & Experience Ans✓✓✓ Experience in Projects in
Colorado including (projects w/ scope, success in working w/ local
subs/suppliers, permitting officials, and design professionals)
Company Information Ans✓✓✓ Identification of Firm (Address, Phone
#, License, Email, Est. Date), Annual Volume for Last 5 Years
Anticipated Volume for Year
, Plans for Next Two Years
Company Organizational Chart Ans✓✓✓ Breakdown of Firm
Personnel by Category (PM, Super., Estimators)
Personal Interactions
Contingencies -
Types?
What do you do with the money at the end? Ans✓✓✓ Construction
Contingencies and Owner Contingencies
Depends - You may keep it, split it, or give it back to the owner, just
depends.
Contracted Backlog Ans✓✓✓ Contract Value
Anticipated Start Date
Anticipated Duration
Contract Type
Owner Name
Executive Summary Ans✓✓✓ Firm's Qualifications
Special Expertise
Team Member Names
answers
AIA Documents Help.... Ans✓✓✓ Minimize Review Times
Are precon activities extended on hard bid or negotiated? Ans✓✓✓
Negotiated
Assets include ______?
(Fixed and Liquid) Ans✓✓✓ Fixed - Heavy equipment, building
Liquid - Tools, cash, accts. receivable, earnings in excess of billings
Bid Bond Ans✓✓✓ Protects the project owner in the event a contractor
backs out of the contract after winning the bid or fails to provide a
performance bid, which is required to start working on the project.
Very cheap, free-$350 typically
Builders Risk Insurance Ans✓✓✓ Out of your control, "acts of God"
Company History & Experience Ans✓✓✓ Experience in Projects in
Colorado including (projects w/ scope, success in working w/ local
subs/suppliers, permitting officials, and design professionals)
Company Information Ans✓✓✓ Identification of Firm (Address, Phone
#, License, Email, Est. Date), Annual Volume for Last 5 Years
Anticipated Volume for Year
, Plans for Next Two Years
Company Organizational Chart Ans✓✓✓ Breakdown of Firm
Personnel by Category (PM, Super., Estimators)
Personal Interactions
Contingencies -
Types?
What do you do with the money at the end? Ans✓✓✓ Construction
Contingencies and Owner Contingencies
Depends - You may keep it, split it, or give it back to the owner, just
depends.
Contracted Backlog Ans✓✓✓ Contract Value
Anticipated Start Date
Anticipated Duration
Contract Type
Owner Name
Executive Summary Ans✓✓✓ Firm's Qualifications
Special Expertise
Team Member Names
