1. We put together estimates all the time in our everyday lives, often with little or no calculating.
a. True
b. False
ANSWER: True
POINTS: 1
REFERENCES: 2
QUESTION TYPE: True / False
HAS VARIABLES: False
DATE CREATED: 12/6/2017 8:34 AM
DATE MODIFIED: 12/6/2017 8:34 AM
2. As costs and benefits are usually extended over a number of years, monetary value of a project
will normally be determined by means of “future worth” analysis or other “time value of money”
concepts.
a. True
b. False
ANSWER: False
POINTS: 1
REFERENCES: 4
QUESTION TYPE: True / False
HAS VARIABLES: False
DATE CREATED: 12/6/2017 8:34 AM
DATE MODIFIED: 12/6/2017 8:34 AM
3. The different project delivery systems use the same types of estimates— conceptual,
preliminary and detailed—at various stages in the development of the project.
a. True
, b. False
ANSWER: False
POINTS: 1
REFERENCES: 6
QUESTION TYPE: True / False
HAS VARIABLES: False
DATE CREATED: 12/6/2017 8:34 AM
DATE MODIFIED: 12/6/2017 8:34 AM
4. With the design-build method, the owner indicates that he or she requires a certain facility and
usually outlines some parameters relating to location, size, design, and the desired time of
occupancy.
a. True
b. False
ANSWER: True
POINTS: 1
REFERENCES: 9
QUESTION TYPE: True / False
HAS VARIABLES: False
DATE CREATED: 12/6/2017 8:34 AM
DATE MODIFIED: 1/3/2018 9:13 AM
5. Most general contractors and subtrades enter into cost-plus contracts in order to perform a
defined scope of work.
a. True
b. False
,ANSWER: False
POINTS: 1
REFERENCES: 10
QUESTION TYPE: True / False
HAS VARIABLES: False
DATE CREATED: 12/6/2017 8:34 AM
DATE MODIFIED: 1/3/2018 9:14 AM
6. The Occupational Safety and Health Administration (OSHA) safety standards are the law, and
contractors who fail to comply with the requirements of this legislation face possible fines or
even imprisonment.
a. True
b. False
ANSWER: True
POINTS: 1
REFERENCES: 13
QUESTION TYPE: True / False
HAS VARIABLES: False
DATE CREATED: 12/6/2017 8:34 AM
DATE MODIFIED: 1/3/2018 9:51 AM
7. A(n) ____ in its essence is an assessment of the probable total cost of some future activity.
a. proposal b. bid
c. estimate d. specification
ANSWER: c
POINTS: 1
, REFERENCES: 2
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
DATE CREATED: 12/6/2017 8:34 AM
DATE MODIFIED: 12/6/2017 8:34 AM
8. A ____ estimate has to be prepared from a minimum amount of information because it is
required at a time when the project is often little more than a vague idea in the mind of the owner.
a. preliminary b. conceptual
c. design d. bidding
ANSWER: b
POINTS: 1
REFERENCES: 2
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
DATE CREATED: 12/6/2017 8:34 AM
DATE MODIFIED: 12/6/2017 8:34 AM
9. Once the design of a project is under way, budget amounts can be established for the various
elements of the project using procedures for a ____ estimate.
a. conceptual b. preliminary
c. design d. final
ANSWER: b
POINTS: 1
REFERENCES: 2
QUESTION TYPE: Multiple Choice
a. True
b. False
ANSWER: True
POINTS: 1
REFERENCES: 2
QUESTION TYPE: True / False
HAS VARIABLES: False
DATE CREATED: 12/6/2017 8:34 AM
DATE MODIFIED: 12/6/2017 8:34 AM
2. As costs and benefits are usually extended over a number of years, monetary value of a project
will normally be determined by means of “future worth” analysis or other “time value of money”
concepts.
a. True
b. False
ANSWER: False
POINTS: 1
REFERENCES: 4
QUESTION TYPE: True / False
HAS VARIABLES: False
DATE CREATED: 12/6/2017 8:34 AM
DATE MODIFIED: 12/6/2017 8:34 AM
3. The different project delivery systems use the same types of estimates— conceptual,
preliminary and detailed—at various stages in the development of the project.
a. True
, b. False
ANSWER: False
POINTS: 1
REFERENCES: 6
QUESTION TYPE: True / False
HAS VARIABLES: False
DATE CREATED: 12/6/2017 8:34 AM
DATE MODIFIED: 12/6/2017 8:34 AM
4. With the design-build method, the owner indicates that he or she requires a certain facility and
usually outlines some parameters relating to location, size, design, and the desired time of
occupancy.
a. True
b. False
ANSWER: True
POINTS: 1
REFERENCES: 9
QUESTION TYPE: True / False
HAS VARIABLES: False
DATE CREATED: 12/6/2017 8:34 AM
DATE MODIFIED: 1/3/2018 9:13 AM
5. Most general contractors and subtrades enter into cost-plus contracts in order to perform a
defined scope of work.
a. True
b. False
,ANSWER: False
POINTS: 1
REFERENCES: 10
QUESTION TYPE: True / False
HAS VARIABLES: False
DATE CREATED: 12/6/2017 8:34 AM
DATE MODIFIED: 1/3/2018 9:14 AM
6. The Occupational Safety and Health Administration (OSHA) safety standards are the law, and
contractors who fail to comply with the requirements of this legislation face possible fines or
even imprisonment.
a. True
b. False
ANSWER: True
POINTS: 1
REFERENCES: 13
QUESTION TYPE: True / False
HAS VARIABLES: False
DATE CREATED: 12/6/2017 8:34 AM
DATE MODIFIED: 1/3/2018 9:51 AM
7. A(n) ____ in its essence is an assessment of the probable total cost of some future activity.
a. proposal b. bid
c. estimate d. specification
ANSWER: c
POINTS: 1
, REFERENCES: 2
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
DATE CREATED: 12/6/2017 8:34 AM
DATE MODIFIED: 12/6/2017 8:34 AM
8. A ____ estimate has to be prepared from a minimum amount of information because it is
required at a time when the project is often little more than a vague idea in the mind of the owner.
a. preliminary b. conceptual
c. design d. bidding
ANSWER: b
POINTS: 1
REFERENCES: 2
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
DATE CREATED: 12/6/2017 8:34 AM
DATE MODIFIED: 12/6/2017 8:34 AM
9. Once the design of a project is under way, budget amounts can be established for the various
elements of the project using procedures for a ____ estimate.
a. conceptual b. preliminary
c. design d. final
ANSWER: b
POINTS: 1
REFERENCES: 2
QUESTION TYPE: Multiple Choice
