Financial Management Certification Procore Exam Questions and Answers

Financial Management Certification
Procore Exam Questions and Answers.



True or False: You should make the designated bid documents folder 'private' before
you add it to your bid package. Answer - False

What should you do if Procore did not properly identify and name a specific section
correctly when uploading your spec book to the project?
a. Re-upload the spec set
b. Click on the incorrect field, edit the value, and click Enter or Return on your keyboard
c. Click Publish All
d. Remove the Table of Contents and upload the file again Answer - b. Click on the
incorrect field, edit the value, and click Enter or Return on your keyboard

True or False: You should always make sure that your spec book has a Table of
Contents before you upload it into the Specifications tool. Answer - True

Where can you check if bid invitees have downloaded their bid documents?
a. Under the bid package's Download log
b. Under the bid package's Emails tab
c. Under the bid package's Correspondence tab
d. There is no way to check this information in Procore Answer - a. Under the bid
package's Download log

How can you search for bidders to add them to the bid list (when viewing the Search for
Bidders page)?
a. Type the name of the company in the keyword search bar
b. Filter by trades or cost codes
c. Filter by jobsite proximity
d. Filter by vendor ratings
e. All of the above Answer - e. All of the above

What is the best way to inform bidders of a change to the bid documents after they have
been sent out?
a. Send an email from your personal email account
b. Send an email from the Correspondence tab in Procore
c. Procore will automatically notify bidders of a change to bid documents
d. Delete the bid package and create a new one Answer - b. Send an email from the
Correspondence tab in Procore

, True or False: You can create a commitment directly from an awarded bid. Answer -
True

True or False: The only way to upload a budget into Procore is by using the designated
import template. Answer - True

Which tasks can be performed when a budget is unlocked?
a. Add line items
b. Create budget modifications
c. Create change orders
d. All of the above
e. A and B
f. A and C Answer - f. A and C

True or False: The Approved CO and Pending Budget changes pull from the Potential
Change Order tier, and not the Change Order Request or Prime Contract Change Order
tier. Answer - True

What are the three (3) types of columns that can be included in your configurable
budget view?
a. Standard, Calculated, and Basic
b. Standard, Calculated, and Source
c. Standard, Source, and Configurable Answer - b. Standard, Calculated, and Source

True or False: You can change the name of any column. Answer - True

True or False: Columns need to be selected or checked in a view in order to be included
in a calculated column. Answer - False

How do you create a schedule of values in Procore's Prime Contract tool?
a. Import the schedule of values (SOV) from a CSV file
b. Copy the schedule of values from the Budget
c. Manually add each line item
d. All of the above
e. Both A and B Answer - d. All of the above

True or False: You can create an owner invoices when the Prime Contract is set to
'Draft' mode. Answer - False

True or False: You have the option to release retainage on all line items at one time with
a single bulk action. Answer - True

Which of the following accurately describe the Prime Contract?
a. A place you can manage profit and loss for all internal stakeholders