COSC 375 EVALUATION TEST QUESTIONS AND
ANSWERS SURE A+
✔✔ Least 3 ways or sources for finding leads on potential projects to bid on - ✔✔Radio,
Newspaper, i-sq-ft, AGC
✔✔List 3 factors/risks which may result in you increasing your profit margin on a
potential bid - ✔✔Utilize less subcontracted work
Use a cost plus fee bid to guarantee the profit
Having concrete pre-cast & delivered to site when ready
The architect, you're resources
✔✔What is the amount of Holder Construction's annual sales for 2015? - ✔✔$1.9 Bil
✔✔What year was Holder Construction founded? - ✔✔1960
✔✔Name 2 projects which we have utilized so far in our class work? - ✔✔Broene
Police, Council and Chamber
Camp Bullis
✔✔Name 2 reasons why metal studs have holes punched through them - ✔✔Run
electrical wiring through them
To make stud more lightweight
✔✔An Aggie does not lie, cheat, or steal, ... - ✔✔... nor tolerate those who do.
✔✔What is a traditional method of construction project delivery involving the selection
and award of professional design services followed by a serrate process for
construction services once design docs are complete? - ✔✔Design-Bid-Build
✔✔What is a project-specific delivery method that is suited for medium to large capital
or renovation projects. This method provides technical assistance to the designer during
, the design phase, has a cost-capping feature, and allows construction to start before
design docs are 100% complete. This method contracts directly with subcontractors,
fabricators, and material suppliers. - ✔✔Construction Manager-at-Risk Bid
CMAR
✔✔What is another term that describes a Lump Sum Bid? - ✔✔Stipulated Sum
Agreement
✔✔What type of bond is a form of security purchased by the contractor from a surety,
which is provided to guarantee that the contractor will pay all costs of labor, materials,
and other services related to the project for which he is responsible under the contract
for construction? - ✔✔Payment Bond
✔✔What type of bid results in a contract where a contractor is paid for all of its allowed
expenses to a set limit plus additional payment to allow for a profit? - ✔✔Cost-Plus Bid
✔✔What type of bid does the contractor get paid for the work, and only the work, the
contractor actually performs? - ✔✔Unit Cost Bid
✔✔What is a debt security issued by a government authority to finance its capital
expenditures? - ✔✔Municipal Bond
✔✔The _________ of a project, that is also party to the owner-contractor and owner-
designer agreements? - ✔✔Owner
✔✔What is defined as a single bid that covers (without providing a cost breakdown) all
cost, such as for equipment, labor, materials, overhead, and services. It also includes
the contractor's fee (profit) for completing the items of work comprising the job? -
✔✔Lump Sum Bid
✔✔What is defined as a sum of money (agreed-to and written into a contract) specified
as the total amount of compensation an aggrieved party should get, if the other party
breaches certain part(s) of the contract. The contract also establishes what actions or
failures to act constitute a breach? - ✔✔Liquidated Damages
✔✔What is defined as a model, either full or to scale, of a construction system or
assembly used to analyze construction details, strengths and appearance. These items
are commonly used for masonry and exposed concrete construction projects? -
✔✔Mock Ups
✔✔What is defined as all drawings, specifications, documents, estimates, paperwork,
bid forms, and bid bonds relevant to a construction project. A contract is based on this?
- ✔✔Bid Package
ANSWERS SURE A+
✔✔ Least 3 ways or sources for finding leads on potential projects to bid on - ✔✔Radio,
Newspaper, i-sq-ft, AGC
✔✔List 3 factors/risks which may result in you increasing your profit margin on a
potential bid - ✔✔Utilize less subcontracted work
Use a cost plus fee bid to guarantee the profit
Having concrete pre-cast & delivered to site when ready
The architect, you're resources
✔✔What is the amount of Holder Construction's annual sales for 2015? - ✔✔$1.9 Bil
✔✔What year was Holder Construction founded? - ✔✔1960
✔✔Name 2 projects which we have utilized so far in our class work? - ✔✔Broene
Police, Council and Chamber
Camp Bullis
✔✔Name 2 reasons why metal studs have holes punched through them - ✔✔Run
electrical wiring through them
To make stud more lightweight
✔✔An Aggie does not lie, cheat, or steal, ... - ✔✔... nor tolerate those who do.
✔✔What is a traditional method of construction project delivery involving the selection
and award of professional design services followed by a serrate process for
construction services once design docs are complete? - ✔✔Design-Bid-Build
✔✔What is a project-specific delivery method that is suited for medium to large capital
or renovation projects. This method provides technical assistance to the designer during
, the design phase, has a cost-capping feature, and allows construction to start before
design docs are 100% complete. This method contracts directly with subcontractors,
fabricators, and material suppliers. - ✔✔Construction Manager-at-Risk Bid
CMAR
✔✔What is another term that describes a Lump Sum Bid? - ✔✔Stipulated Sum
Agreement
✔✔What type of bond is a form of security purchased by the contractor from a surety,
which is provided to guarantee that the contractor will pay all costs of labor, materials,
and other services related to the project for which he is responsible under the contract
for construction? - ✔✔Payment Bond
✔✔What type of bid results in a contract where a contractor is paid for all of its allowed
expenses to a set limit plus additional payment to allow for a profit? - ✔✔Cost-Plus Bid
✔✔What type of bid does the contractor get paid for the work, and only the work, the
contractor actually performs? - ✔✔Unit Cost Bid
✔✔What is a debt security issued by a government authority to finance its capital
expenditures? - ✔✔Municipal Bond
✔✔The _________ of a project, that is also party to the owner-contractor and owner-
designer agreements? - ✔✔Owner
✔✔What is defined as a single bid that covers (without providing a cost breakdown) all
cost, such as for equipment, labor, materials, overhead, and services. It also includes
the contractor's fee (profit) for completing the items of work comprising the job? -
✔✔Lump Sum Bid
✔✔What is defined as a sum of money (agreed-to and written into a contract) specified
as the total amount of compensation an aggrieved party should get, if the other party
breaches certain part(s) of the contract. The contract also establishes what actions or
failures to act constitute a breach? - ✔✔Liquidated Damages
✔✔What is defined as a model, either full or to scale, of a construction system or
assembly used to analyze construction details, strengths and appearance. These items
are commonly used for masonry and exposed concrete construction projects? -
✔✔Mock Ups
✔✔What is defined as all drawings, specifications, documents, estimates, paperwork,
bid forms, and bid bonds relevant to a construction project. A contract is based on this?
- ✔✔Bid Package
