COSC 153 EXAM 1 QUESTIONS AND
ANSWERS9
sales tax and payroll tax - ANSWERS-2 types of taxes that should be in your construction
estimate
estimate - ANSWERS-an educated guess?
able to mentally build project, be knowledgeable, and practical - ANSWERS-qualities of a good
estimator?
by the standards set forth in the specs that impact costs - ANSWERS-good quality of your work?
liquidated damages - ANSWERS-daily amount of money paid by the contractor to the owner for
each day that the project fails to meet the completion date?
lead time - ANSWERS-amount of time it takes for a product or equipment to be delivered to a
job site
supervision - ANSWERS-Which is not a direct cost?
a. materials
b. labor
c. equipment
d. supervision
, what its going to cost and what the client is willing to pay - ANSWERS-what comes into account
when estimating costs for a project?
conceptual estimates, preliminary estimates, and detailed estimates - ANSWERS-types of
estimates ?
direct costs and indirect costs - ANSWERS-2 types of project costs?
master builder - ANSWERS-In ancient Egypt, architecture, engineering, and construction were all
the responsibility of one person, called?
residential, commercial, heavy civil, industrial, & environmental - ANSWERS-5 sectors of the
construction industry?
owner, designers, & contractors - ANSWERS-3 primary players in an construction project?
multi-family dwellings - ANSWERS-apartments, condos, & townhomes are referred to as?
Architects & engineers - ANSWERS-what 2 types of professionals are engaged in the
construction process?
owners - ANSWERS-who is the driving force behind the construction industry?
No more than 6 people communicate with on one project - ANSWERS-Rule of 6?
written on paper - ANSWERS-what is a written contract?
an agreement that is spoken - ANSWERS-what is a verbal contract?
ANSWERS9
sales tax and payroll tax - ANSWERS-2 types of taxes that should be in your construction
estimate
estimate - ANSWERS-an educated guess?
able to mentally build project, be knowledgeable, and practical - ANSWERS-qualities of a good
estimator?
by the standards set forth in the specs that impact costs - ANSWERS-good quality of your work?
liquidated damages - ANSWERS-daily amount of money paid by the contractor to the owner for
each day that the project fails to meet the completion date?
lead time - ANSWERS-amount of time it takes for a product or equipment to be delivered to a
job site
supervision - ANSWERS-Which is not a direct cost?
a. materials
b. labor
c. equipment
d. supervision
, what its going to cost and what the client is willing to pay - ANSWERS-what comes into account
when estimating costs for a project?
conceptual estimates, preliminary estimates, and detailed estimates - ANSWERS-types of
estimates ?
direct costs and indirect costs - ANSWERS-2 types of project costs?
master builder - ANSWERS-In ancient Egypt, architecture, engineering, and construction were all
the responsibility of one person, called?
residential, commercial, heavy civil, industrial, & environmental - ANSWERS-5 sectors of the
construction industry?
owner, designers, & contractors - ANSWERS-3 primary players in an construction project?
multi-family dwellings - ANSWERS-apartments, condos, & townhomes are referred to as?
Architects & engineers - ANSWERS-what 2 types of professionals are engaged in the
construction process?
owners - ANSWERS-who is the driving force behind the construction industry?
No more than 6 people communicate with on one project - ANSWERS-Rule of 6?
written on paper - ANSWERS-what is a written contract?
an agreement that is spoken - ANSWERS-what is a verbal contract?
