PSI Practice Test 2024 Questions and Answers

PSI Practice Test 2024 Questions and Answers In the previous year, a company had revenues of $500,000, project overhead of $40,000 and company overhead of $75,000. The company expects the percentage for project and company overhead to remain the same for the current year. The company desires to make a 10% profit on a project it is bidding. The project would have $80,000 in direct costs. What should the bid price be? - Answer ️️ -Between $110,000 and $120,000 Which of the following is considered ethical behavior? - Answer ️️ -Failing to disclose one subcontractor's bid to another Where would the most specific information about the size and location of windows be found in a set of construction drawings? - Answer ️️ -in the window schedule What is the maximum depth for a K-Series open web steel joist? - Answer ️️ -30 inches What is the minimum depth of a trench excavation in which a ladder is required to be provided? - Answer ️️ -4 feet Before excavating for a new building, how should subsoil conditions be determined? - Answer ️️ -conducting test borings For roofing work, what is the minimum distance that materials and equipment can be stored from a roof edge without a guardrail being required - Answer ️️ -6 feet Which designation is used by the Steel Joist Institute's Standard Specification to designate short span steel bar joists? - Answer ️️ -K-Series Which of the following would typically be covered by a contractor's comprehensive general liability insurance policy? - Answer ️️ -Damage to adjoining property from a crane accident. What is the approximate optimum hourly production rate for a wheeled backhoe filling hauling units? Struck capacity for the bucket is 6 loose cubic feet and the bucket fill factor is 110%. The cycle time is 2 minutes, the soil type is moist loam with a 25% swell factor. - Answer ️️ -6 BCY What is the minimum requirement for the placement of each tie in a block wall used with wood framing? - Answer ️️ -2 2/3 square feet In general, what is the MINIMUM concrete covering for steel reinforcement in a footing? - Answer ️️ -3.0 inches What is the maximum allowable slope for an excavation in Type B soil? - Answer ️️ -45 degrees An employee earns $12.50 per hour. What is the gross pay of this non-exempt employee who works 45 hours during a holiday week, and receives 8 hours additional pay for the holiday? - Answer ️️ -$693.75 How many inches should there be between a handrail and an adjacent wall? - Answer ️️ -1 1/2 inches Costs that relate to construction but are not directly associated with labor and materials for a specific project are considered to be which of the following? - Answer ️️ -project overhead Who oversees compliance with Material Safety Data Sheets? - Answer ️️ -OSHA Which of the following statements about a sole proprietorship is TRUE? - Answer ️️ -The business, or any part of it, can be sold, altered, or exchanged at will AT LEAST how often should employees watch for possible hazards at the jobsite? - Answer ️️ -Constantly What is the minimum allowable slope of the ground that is immediately adjacent to a foundation wall? - Answer ️️ -5% Which is true about the placement of flexible insulation batts located in floor joists above an unheated crawl space? - Answer ️️ -They should be well supported between joists Nails used to fasten concrete roofing tiles MUST penetrate the deck a MINIMUM of how many inches or through the thickness of the deck, whichever is LESS? - Answer ️️ -3/4 inch What is the purpose of a cove or cant strip at a foundation joint? - Answer ️️ -Deflect water from the foundation wall A lump sum contract on a project has a total contract price of $160,000. Retainage has been held back at 10%. The contractor has received progress payments for 75% of the project. The contractor submits a request for final payment for the now completed project. How much should the final payment amount be? - Answer ️️ -more than $50,000 The escape devices for a trench over 4 feet deep must be within a maximum of how many feet of the worker? - Answer ️️ -25 A positive drainage slope away from a house foundation of 5% is equal to which of the following? - Answer ️️ -6-inch drop in 10 feet Who MUST follow the Fair Labor Standards Act? - Answer ️️ -All employers with at least 1 employee What protects a contractor from risk? - Answer ️️ -Insuran