CEE 4100 Exam 2 Questions with Verified Solutions Latest Update 2025/2026
General partnership - Answers A business owned by two or more people who share profits,
losses, and liability.
Articles of partnership - Answers Legal document listing duties, responsibilities, and profit-
sharing among partners.
Limited partnership - Answers Partnership where limited partners have liability only up to their
investment.
Corporation - Answers Separate legal entity with limited liability and perpetual existence.
Limited liability - Answers Legal protection preventing owners' personal assets from being used
to cover business debts.
Foreign corporation - Answers Corporation operating in a different state than where it was
formed; must register to maintain legal rights.
Joint venture - Answers Temporary partnership formed for a specific project.
Licensure - Answers State requirement ensuring contractors meet minimum standards for
competency and safety.
Organizational management - Answers High-level structure and decision-making processes of a
company.
Project management - Answers Planning, organizing, scheduling, budgeting, and controlling
construction projects.
Operations management - Answers Daily oversight of jobsite functions and field execution.
Task management - Answers Direct supervision of crews performing specific activities.
CSI format - Answers Standardized structure used to organize construction specifications.
Direct cost - Answers Labor, materials, and equipment costs directly tied to a specific task.
Indirect cost - Answers Costs not tied to a specific task, such as jobsite overhead and
supervision.
ENR Construction Cost Index (CCI) - Answers Index tracking skilled labor and material cost
changes.
ENR Building Cost Index (BCI) - Answers Index tracking common labor and material cost
changes.
Productivity rate - Answers Labor hours required to complete one unit of work.
, Work hours required - Answers Total labor hours needed for a task based on productivity.
Activity duration - Answers Time required to complete an activity based on work hours and crew
size.
Equipment owning cost - Answers Long-term cost including depreciation, insurance, and
interest.
Equipment operating cost - Answers Cost of using equipment including fuel, maintenance, and
operator wages.
Mobilization cost - Answers Cost to move equipment to and from the jobsite.
Allowance - Answers Budget placeholder for items not fully defined in the contract.
Alternate - Answers Proposed substitute for a material or method that may affect price.
Unbalanced bidding - Answers Setting artificially high or low unit prices to gain financial
advantage.
Responsive bid - Answers Bid that follows all requirements of the bid documents.
Bid acceptance period - Answers Time during which the contractor must honor their submitted
price.
Unit price estimating - Answers Pricing based on unit costs multiplied by quantity.
Bare cost - Answers Direct cost without overhead or profit.
Overhead and profit (O&P) - Answers Markup added to bare cost for business expenses and
earnings.
Swell factor - Answers Increase in soil volume when excavated.
Shrinkage factor - Answers Reduction in soil volume after compaction.
OSHA - Answers Federal agency created in 1970 to enforce workplace safety standards.
Fatal Four - Answers Top construction causes of death: falls, struck-by, caught-in/between,
electrocution.
Incident rate (TRIR) - Answers Safety metric comparing injuries to hours worked.
Direct accident cost - Answers Immediate costs like medical treatment and workers'
compensation.
Indirect accident cost - Answers Hidden costs like delays, lost productivity, and damaged
equipment.
General partnership - Answers A business owned by two or more people who share profits,
losses, and liability.
Articles of partnership - Answers Legal document listing duties, responsibilities, and profit-
sharing among partners.
Limited partnership - Answers Partnership where limited partners have liability only up to their
investment.
Corporation - Answers Separate legal entity with limited liability and perpetual existence.
Limited liability - Answers Legal protection preventing owners' personal assets from being used
to cover business debts.
Foreign corporation - Answers Corporation operating in a different state than where it was
formed; must register to maintain legal rights.
Joint venture - Answers Temporary partnership formed for a specific project.
Licensure - Answers State requirement ensuring contractors meet minimum standards for
competency and safety.
Organizational management - Answers High-level structure and decision-making processes of a
company.
Project management - Answers Planning, organizing, scheduling, budgeting, and controlling
construction projects.
Operations management - Answers Daily oversight of jobsite functions and field execution.
Task management - Answers Direct supervision of crews performing specific activities.
CSI format - Answers Standardized structure used to organize construction specifications.
Direct cost - Answers Labor, materials, and equipment costs directly tied to a specific task.
Indirect cost - Answers Costs not tied to a specific task, such as jobsite overhead and
supervision.
ENR Construction Cost Index (CCI) - Answers Index tracking skilled labor and material cost
changes.
ENR Building Cost Index (BCI) - Answers Index tracking common labor and material cost
changes.
Productivity rate - Answers Labor hours required to complete one unit of work.
, Work hours required - Answers Total labor hours needed for a task based on productivity.
Activity duration - Answers Time required to complete an activity based on work hours and crew
size.
Equipment owning cost - Answers Long-term cost including depreciation, insurance, and
interest.
Equipment operating cost - Answers Cost of using equipment including fuel, maintenance, and
operator wages.
Mobilization cost - Answers Cost to move equipment to and from the jobsite.
Allowance - Answers Budget placeholder for items not fully defined in the contract.
Alternate - Answers Proposed substitute for a material or method that may affect price.
Unbalanced bidding - Answers Setting artificially high or low unit prices to gain financial
advantage.
Responsive bid - Answers Bid that follows all requirements of the bid documents.
Bid acceptance period - Answers Time during which the contractor must honor their submitted
price.
Unit price estimating - Answers Pricing based on unit costs multiplied by quantity.
Bare cost - Answers Direct cost without overhead or profit.
Overhead and profit (O&P) - Answers Markup added to bare cost for business expenses and
earnings.
Swell factor - Answers Increase in soil volume when excavated.
Shrinkage factor - Answers Reduction in soil volume after compaction.
OSHA - Answers Federal agency created in 1970 to enforce workplace safety standards.
Fatal Four - Answers Top construction causes of death: falls, struck-by, caught-in/between,
electrocution.
Incident rate (TRIR) - Answers Safety metric comparing injuries to hours worked.
Direct accident cost - Answers Immediate costs like medical treatment and workers'
compensation.
Indirect accident cost - Answers Hidden costs like delays, lost productivity, and damaged
equipment.
