Procore Financial Management Exam Questions and Answers 100% Pass

Procore Financial Management Exam Questions and Answers 100% Pass 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? - Answer- Click on the incorrect field, edit the value, and click Enter or Return on your keyboard 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? - Answer- 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)? - Answer- 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? - Answer- Send an email from the Correspondence tab in Procore You can create a commitment directly from an awarded bid. - Answer- True 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? - Answer- A and C 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? - Answer- Standard, Calculated, and Source You can change the name of any column. - Answer- True 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? - Answer- All You can create an owner invoices when the Prime Contract is set to 'Draft' mode. - Answer- 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? - Answer- A Place where you can manage all contract-related work and share financial data with your owner or client By default, users with 'Standard' level permission can view the Prime Contract. - Answer- False Which of the following can not be created until the Prime Contract's status is set to Approved? Select all that apply. - Answer- Change Orders, Owner Invoices A Budget Modification allows you to move budgeted costs to different line items. - Answer- True