Cm 3111 Exam Questions With Verified Answers Latest Update 2026

CM 3111 EXAM QUESTIONS WITH VERIFIED ANSWERS LATEST UPDATE 2026 the ____________ consists of the invitation to bid, instructions to bidders, bid form, owner-contractor agreement, general conditions of the contract, supplementary general conditions, technical specifications, and the working drawings and forms the legal basis for the construction of the project a. competitive bid b. quantity takeoff c. detailed estimate d. contract documents - Answers contract documents the ____________ includes determination of the quantities and costs of everything required to complete the project. this includes the materials, labor, equipment, insurance, bonds, and over head, as well as an estimate of profit a. running estimate b. detailed estimate c. square-foot estimate d. estimate - Answers detailed estimate _______________ involves the contractor working with the owner (or through the owner's architect - engineer) to arrive at a mutually acceptable price for the construction of the project. it often involves negotiations back and forth on materials used, sizes, finishes, and other items which affect the price of the project a. cooperative bidding b. competitive bidding c. financial biding d. negotiated bidding - Answers negotiated bidding what additional skill must the estimator have to be able to take a quantity survey and turn it into a detailed estimate? be able to use computer hardware and software and know how to manipulate the various databases available or how to build databases have sufficient knowledge of labor performance and operations so that he can convert them into costs on a project be able from looking at drawings to visualize the project through the various phases of construction d. all of the above - Answers all of the above _______________ estimates are prepared by multiplying the square footage of a building by a cost per square foot and the adjusting the price to compensate for differences in the building heights, length of the building perimeter, and the other building components. these estimates require less information to prepare and are less accurate a. space b. detailed c. running d. square-foot - Answers square-foot the _______ are written instructions concerning project requirements that describe the quality of materials to be used and their performance a. technical specifications b. actual plans c. working drawings d. building manuals - Answers technical specifications the __________ are the actual plans from which the projects will be constructed. they contain the dimensions and locations of building elements, materials required, and delineate how they fit together a. technical specifications b. working drawings c. contract documents d. detailed estimates - Answers working drawings what is a type of insurance that a contractor should maintain? a. builders risk insurance b. life insurance c. property insurance d. all of the above - Answers all of the above a percentage of the payments from the owner to the contractor is withheld for the protection of the owner and suppliers a. safety net b. retainage c. kick-back d. lump-sum - Answers retainage in this contracting scheme, the owner or their agent provide the coordination between the contractors, also, the owner signs separate agreements for the construction of various portions of the project a. multiple contracts b. separate contracts c. single contract d. individual contract - Answers separate contracts a ________________ comprises all of the work required for the completion of a project and is the responsibility of a single prime contractor a. separate contract b. single contact c. lump-sum agreement d. general contract - Answers single contract why is it important that the estimator be certain that all addenda have been received before submitting a bid? - Answers many architect/engineer offices send copies to all parties who have plans (including the planning rooms) __________ should be prepared carefully and thoroughly because they are often used as part of the price used to determine who will be awarded the contract. in addition, if selected by the owner they become part of the contract documents a. specifications b. addendums c. supplements d. alternates - Answers alternates