Answers (Latest Update 2026)
A site Logistics plan is a "living document" that can be modified to
accommodate the changes in the field conditions as they occur on a
project -
correct answer ✅True
The amount of gross profit that a general contractor makes on
makes on a high rise office building is typically a higher amount
than the net profit they will make. -
correct answer ✅True
General conditions define the specific protocols for administrative
programs associated with a given project, and each respective trade
or division (CSI), such as submittals, scheduling requirements, LEED,
payment apps, permitting, inspections, daily logs, RFIs, progress
meetings and meeting minutes, and all other project
documentation. -
correct answer ✅False
The cost of a bid bond for a $10,000,000 project will be greater
than the cost of a Performance and Payment bond for a $2,500,000
project. -
correct answer ✅False
, CNST 379 Exam Questions and
Answers (Latest Update 2026)
Builder's risk insurance is carried by both the general contractor
and the subcontractor on a construction project and covers injuries
incurred by their employees while they are working on a
constructions project. -
correct answer ✅False
General conditions do not need to be determined specifically for
each project. Applying a % to the overall project cost to estimate
the cost of general conditions is an acceptable practice. -
correct answer ✅False
a performance bond is a guarantee in which a surety guarantees a
second party (oblige/owner) the successful payment of all entities
contracted by a third party (general contractor/ principal) that
completed work on a construction project. -
correct answer ✅False
a construction company incurs overhead costs while they are
operating. a company will typically use funds generated from the
profit obtained from multiple construction projects to cover the
overhead costs for the entire company -
correct answer ✅True