CM 3111 EXAM 1 ACCURATE STUDY GUIDE
Building Construction Estimating - Answers - The determination of probable
construction costs of any given project.
Design-Build Delivery (DB) - Answers - In this delivery system, the contractor acts as
both the designer and the general contractor.
Construction Manager Delivery (CM) - Answers - In this delivery system, the contractor
and some of the key subcontractors are involved in the design process, providing
expertise in construction methods and costs, as well as managing the construction
process.
Integrated Project Delivery (IPD) - Answers - In this delivery system, a relatively new
delivery system, involving the owners, designers, contractor and some of the key
subcontractors in the design process. Owners, Designers, Contractor and Key
Subcontractors all share governance, risk, contingency, and the profit on the project.
Conceptual Estimate - Answers - An estimate prepared by a contractor based on the
project's early plan. Usually drawings are limited or not available for this type of
estimate. The contractor makes assumptions about virtually every aspect of the project.
This estimate is used early in the design process to check if the owner can actually
afford the project.
Preliminary Estimate - Answers - An estimate that is prepared and maintained by the
contractor during the design process based on the current, but incomplete design.
Detailed Estimate - Answers - An estimate that includes determination of quantities and
costs of everything that is required to complete the project. (labor, materials, equipment,
insurance, bonds, overhead, and an estimate of the profit) The contractor must have a
complete set of contract documents for this type of estimate.
Assembly Estimating - Answers - In this type of estimating the estimator bids the
components in groups. This type of estimate can be prepared in hours instead of days,
but this estimate has many broad assumptions and is less accurate.
Square-Foot Estimates - Answers - Estimates that 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. This type of estimate is helpful to check whether the project,
as designed, is within the owner's budget.
Design Drawings - Answers - A single-line floor plan and key elevations.
, Parametric Estimates - Answers - These estimates use equations that express the
statistical relationship between building parameters and the cost of the building. The
equations used in these estimates are very complex and may use log functions, ratios
of parameter, and multiplication of parameters.
Model Estimating - Answers - This type of estimating uses computer models to prepare
an estimate based on a number of questions answered by the estimator. The model
makes many assumptions about the design of the project that it is working on and
avoids the site and excavation cost.
Project Comparison Estimates - Answers - These estimates are prepared by comparing
the cost of a proposed project to a completed project. The estimator starts with the
costs of a comparable project and then makes adjustments for differences in the
project.
Estimator - Answers - Often involved solely with the estimating of quantities of materials
and the pricing of the project.
Design-Bid-Build (DBB) - Answers - For these kinds of projects, the General Contractor
makes detailed estimates that are used to determine what the company will charge to
do the work.
Design-Build (DB) or Construction-Manager (CM)
Delivery Systems - Answers - For these kinds of projects, the General Contractor's
scope of work involves providing assistance to the owners, beginning with the planning
stage, and continuing through the actual construction of the project.
Subcontractors - Answers - May be individuals, companies, or corporations hired by the
general contractor to do a particular portion of the work on the project.
Unit Price Bid - Answers - A bid that is presented as what will be charged per unit.
Suppliers - Answers - This person submits price quotes to the contractors and
subcontractors to supply the materials required for the construction of the project.
Virtually every material used in the project will be estimated, and multiple price quotes
will be sought.
Manufacturer's Representatives - Answers - These people represent certain materials,
product suppliers, or manufacturers. They visit construction sites and make certain that
their product is available and well known by most all of the different people on a
construction site. They are salespeople with expertise in their product lines and are
welcomed not as salespersons, but as needed sources of information concerning the
materials and products they represent.
Building Construction Estimating - Answers - The determination of probable
construction costs of any given project.
Design-Build Delivery (DB) - Answers - In this delivery system, the contractor acts as
both the designer and the general contractor.
Construction Manager Delivery (CM) - Answers - In this delivery system, the contractor
and some of the key subcontractors are involved in the design process, providing
expertise in construction methods and costs, as well as managing the construction
process.
Integrated Project Delivery (IPD) - Answers - In this delivery system, a relatively new
delivery system, involving the owners, designers, contractor and some of the key
subcontractors in the design process. Owners, Designers, Contractor and Key
Subcontractors all share governance, risk, contingency, and the profit on the project.
Conceptual Estimate - Answers - An estimate prepared by a contractor based on the
project's early plan. Usually drawings are limited or not available for this type of
estimate. The contractor makes assumptions about virtually every aspect of the project.
This estimate is used early in the design process to check if the owner can actually
afford the project.
Preliminary Estimate - Answers - An estimate that is prepared and maintained by the
contractor during the design process based on the current, but incomplete design.
Detailed Estimate - Answers - An estimate that includes determination of quantities and
costs of everything that is required to complete the project. (labor, materials, equipment,
insurance, bonds, overhead, and an estimate of the profit) The contractor must have a
complete set of contract documents for this type of estimate.
Assembly Estimating - Answers - In this type of estimating the estimator bids the
components in groups. This type of estimate can be prepared in hours instead of days,
but this estimate has many broad assumptions and is less accurate.
Square-Foot Estimates - Answers - Estimates that 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. This type of estimate is helpful to check whether the project,
as designed, is within the owner's budget.
Design Drawings - Answers - A single-line floor plan and key elevations.
, Parametric Estimates - Answers - These estimates use equations that express the
statistical relationship between building parameters and the cost of the building. The
equations used in these estimates are very complex and may use log functions, ratios
of parameter, and multiplication of parameters.
Model Estimating - Answers - This type of estimating uses computer models to prepare
an estimate based on a number of questions answered by the estimator. The model
makes many assumptions about the design of the project that it is working on and
avoids the site and excavation cost.
Project Comparison Estimates - Answers - These estimates are prepared by comparing
the cost of a proposed project to a completed project. The estimator starts with the
costs of a comparable project and then makes adjustments for differences in the
project.
Estimator - Answers - Often involved solely with the estimating of quantities of materials
and the pricing of the project.
Design-Bid-Build (DBB) - Answers - For these kinds of projects, the General Contractor
makes detailed estimates that are used to determine what the company will charge to
do the work.
Design-Build (DB) or Construction-Manager (CM)
Delivery Systems - Answers - For these kinds of projects, the General Contractor's
scope of work involves providing assistance to the owners, beginning with the planning
stage, and continuing through the actual construction of the project.
Subcontractors - Answers - May be individuals, companies, or corporations hired by the
general contractor to do a particular portion of the work on the project.
Unit Price Bid - Answers - A bid that is presented as what will be charged per unit.
Suppliers - Answers - This person submits price quotes to the contractors and
subcontractors to supply the materials required for the construction of the project.
Virtually every material used in the project will be estimated, and multiple price quotes
will be sought.
Manufacturer's Representatives - Answers - These people represent certain materials,
product suppliers, or manufacturers. They visit construction sites and make certain that
their product is available and well known by most all of the different people on a
construction site. They are salespeople with expertise in their product lines and are
welcomed not as salespersons, but as needed sources of information concerning the
materials and products they represent.
