CONSTRUCTION ESTIMATING TEST 1 REVIEW
Which estimate type requires the least amount of construction documentation to
complete? - Answers - Order of Magnitude
Describe a conceptual estimate - Answers - Estimates based on the building function or
the functional area of the building. These can also be referred to as schematic or model
estimates.
What percent of construction documents should be completed before beginning to
complete a design development estimate? - Answers - A minimum of 25% of the
documents should be completed
Identify the most accurate cost estimate prepared prior to a final bid. - Answers - The
most accurate estimate before the final bid is the Construction Document Estimates
Define "pre-bid meeting". - Answers - a conference in which all interested parties in a
construction project review the project, ask questions of the architect or owner
concerning methods for accomplishing the work, and share information necessary to
understand the entire scope of the project.
Why would an estimator contact the architect in advance of a pre-bid meeting? -
Answers - allows the estimator to acquire the names of all plan holders and obtain
information concerning other potential bidders, including subcontractors and suppliers
who may have assisted in compiling the bidding documents.
Define "quantity takeoff". - Answers - practice of reviewing construction contract
documents to determining the quantities of materials to be included in a bid.
Explain why a conceptual estimate of subcontractor-supplied work should be generated
by the owner or estimator for the general contractor. - Answers - This comparison
ensures accuracy and provides verification of the costs, especially when using
unfamiliar subcontractors.
Why must care be taken when reviewing specifications and drawings? - Answers -
Some items may be indicated in the specifications and not on the drawings, or indicated
on the drawings and not in the specifications.
Why must an estimator monitor the design process and maintain awareness of any
addenda up to the time of submission of the final bid? - Answers - If an estimator is not
up to date, come time for the final bid, lack of knowledge can create a situation where a
bid is developed based on outdated project information.
Why must estimators take material and product availability into account when
developing an estimate? - Answers - Items such as existing structures, access to and
, from the job site, trees, shrubs, and surrounding buildings and neighborhoods may
affect the quantities and costs of the job.
Define "overhead" - Answers - Are expenses any business has to deal with that are not
chargeable to a particular part of a construction project.
Explain the purpose of value engineering changes. - Answers - They are intended to
deliver the same results to the owner as presented in the original documents but
through the less expensive or more productive methods.
Identify job-site working conditions that result in lower work productivity. - Answers -
Factors such as cramped working conditions, limited equipment, and supply storage,
and difficult delivery situations usually result in lower productivity.
Define "detail takeoff estimates." - Answers - Are estimates where each individual
construction component is accounted for, or taken off. Excavation costs, labor costs,
material costs, and so on.
Which estimate type includes material quantities, equipment, and labor costs in a single
calculation? - Answers - These costs are all included in the Crew-Bases Estimates.
Explain why contractors seek projects that fit into their construction experience. -
Answers - allows them to take full advantage of their equipment, human resources, and
expertise and to maximize their bidding and estimating experiences and resources.
What does an evaluation of the number of contractors or subcontractors bidding on a
particular project provide? - Answers - provides company owners and the estimating
department with information about the market conditions and assists in evaluating
whether resources spent in preparing a bid will be justified.]What factors affect working
conditions and wage rates? - Answers - project locations, material storage space, the
trade performing a given construction operation, the existence of a building trade union,
and any contract agreements that may exist.
How does project scheduling affect material costs? - Answers - Such as the stock
market fluctuates, so does the market for the material. Material costs may be higher or
lower at various times of the year or during various market cycles.
How does an estimator determining the date, time, and location for submission of a final
bid? - Answers - should consult the general conditions of the specifications to determine
the date, time, and location for submission of the final bid.
What is included in reference materials collected and published by private vendors? -
Answers - material, labor, and equipment costs that can be combined with the quantity
takeoff for pricing.
Which estimate type requires the least amount of construction documentation to
complete? - Answers - Order of Magnitude
Describe a conceptual estimate - Answers - Estimates based on the building function or
the functional area of the building. These can also be referred to as schematic or model
estimates.
What percent of construction documents should be completed before beginning to
complete a design development estimate? - Answers - A minimum of 25% of the
documents should be completed
Identify the most accurate cost estimate prepared prior to a final bid. - Answers - The
most accurate estimate before the final bid is the Construction Document Estimates
Define "pre-bid meeting". - Answers - a conference in which all interested parties in a
construction project review the project, ask questions of the architect or owner
concerning methods for accomplishing the work, and share information necessary to
understand the entire scope of the project.
Why would an estimator contact the architect in advance of a pre-bid meeting? -
Answers - allows the estimator to acquire the names of all plan holders and obtain
information concerning other potential bidders, including subcontractors and suppliers
who may have assisted in compiling the bidding documents.
Define "quantity takeoff". - Answers - practice of reviewing construction contract
documents to determining the quantities of materials to be included in a bid.
Explain why a conceptual estimate of subcontractor-supplied work should be generated
by the owner or estimator for the general contractor. - Answers - This comparison
ensures accuracy and provides verification of the costs, especially when using
unfamiliar subcontractors.
Why must care be taken when reviewing specifications and drawings? - Answers -
Some items may be indicated in the specifications and not on the drawings, or indicated
on the drawings and not in the specifications.
Why must an estimator monitor the design process and maintain awareness of any
addenda up to the time of submission of the final bid? - Answers - If an estimator is not
up to date, come time for the final bid, lack of knowledge can create a situation where a
bid is developed based on outdated project information.
Why must estimators take material and product availability into account when
developing an estimate? - Answers - Items such as existing structures, access to and
, from the job site, trees, shrubs, and surrounding buildings and neighborhoods may
affect the quantities and costs of the job.
Define "overhead" - Answers - Are expenses any business has to deal with that are not
chargeable to a particular part of a construction project.
Explain the purpose of value engineering changes. - Answers - They are intended to
deliver the same results to the owner as presented in the original documents but
through the less expensive or more productive methods.
Identify job-site working conditions that result in lower work productivity. - Answers -
Factors such as cramped working conditions, limited equipment, and supply storage,
and difficult delivery situations usually result in lower productivity.
Define "detail takeoff estimates." - Answers - Are estimates where each individual
construction component is accounted for, or taken off. Excavation costs, labor costs,
material costs, and so on.
Which estimate type includes material quantities, equipment, and labor costs in a single
calculation? - Answers - These costs are all included in the Crew-Bases Estimates.
Explain why contractors seek projects that fit into their construction experience. -
Answers - allows them to take full advantage of their equipment, human resources, and
expertise and to maximize their bidding and estimating experiences and resources.
What does an evaluation of the number of contractors or subcontractors bidding on a
particular project provide? - Answers - provides company owners and the estimating
department with information about the market conditions and assists in evaluating
whether resources spent in preparing a bid will be justified.]What factors affect working
conditions and wage rates? - Answers - project locations, material storage space, the
trade performing a given construction operation, the existence of a building trade union,
and any contract agreements that may exist.
How does project scheduling affect material costs? - Answers - Such as the stock
market fluctuates, so does the market for the material. Material costs may be higher or
lower at various times of the year or during various market cycles.
How does an estimator determining the date, time, and location for submission of a final
bid? - Answers - should consult the general conditions of the specifications to determine
the date, time, and location for submission of the final bid.
What is included in reference materials collected and published by private vendors? -
Answers - material, labor, and equipment costs that can be combined with the quantity
takeoff for pricing.
