STUDIO 2 - ESTIMATING EXAM | 114 QUESTIONS | WITH COMPLETE SOLUTIONS/NEWEST UPDATE

STUDIO 2 - ESTIMATING EXAM |
114 QUESTIONS | WITH COMPLETE
SOLUTIONS/NEWEST UPDATE

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Terms in this set (114)


This provides the Profit Margin
general
contractor an
acceptable rate
of return and
compensation
for the risk
associated with
the project.
Choose the ONE
best answer.

,A detailed Bonds, Insurance, Overhead, Labor,
estimate Materials
determines the
quantity and
cost of
everything
required for the
project
including: Select
All that Apply.

Square foot Building Height
estimates may
be adjusted for:
Choose the ONE
best answer.

Quantity takeoff Reading and quantifying plans
skills include:
Choose the ONE
best answer.

Types of bids Competitive and Negotiated bids
include: Choose
the ONE best
answer.

,Contract Technical specifications and
documents drawings
include: Choose
the ONE best
answer.

The best source Historical Data
of estimating
information is:
Choose the ONE
best answer.

Types of Lump Sum, Unit-Price, Cost-Plus-Fee
Agreements
include: Select
All that Apply.

Agreement All the answers shown
Provisions
include: Choose
the ONE best
answer.

, The type of Surety
bond which
guarantees
payment on
another party's
obligations is a
_________ bond.
Choose the ONE
best answer.

The type of Performance
bond which
guarantees that
the contractor
will perform all
the work in
accordance with
the contract
documents is a
_______ bond.
Choose the ONE
best answer.