CMT 443 Conceptual Est CMT 443 Conceptual Est Page 1 of 16
CMT 443 Conceptual Est.
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Terms in this set (340)
A contractor's estimating True
department is
responsible for
identifying the goals and
objectives of the
department.
Agencies of the U.S. Pre-Solicitation Notice
government use a
standard form called the
"____" to provide bid
information.
All of the following are advertisements in newspapers
considered primary
sources of information
for private bids EXCEPT:
A method of addressing prequalified
the problem of bids from
contractors of
questionable capability is
to call for bids from ____
contractors only.
2/4/2026 CMT 443 Conceptual Est.pdf CMT 443 Conceptual Est
,CMT 443 Conceptual Est CMT 443 Conceptual Est Page 2 of 16
A method of handling the query list
problem of review
questions is to compile a
list of all the questions
that arise, the ____, then
later send a single e-mail
to the prime consultant
to deal with all the items
that have accumulated.
An effective way to plan False
estimating operations is
to use a simple line chart
form of time schedule.
Construction groups in True
major cities have formed
associations or plan
service centers where
both public and private
bodies may deposit plans
and specifications of
projects calling for bids.
General clauses that have False
a significant impact on
the cost of the work are
often found in the "back
end" of specifications in
the review process.
If an estimator does not True
know exactly what the
computer is
accomplishing in the
preparation of an
estimate, the estimator
will not be in control of
the process.
2/4/2026 CMT 443 Conceptual Est.pdf CMT 443 Conceptual Est
, CMT 443 Conceptual Est CMT 443 Conceptual Est Page 3 of 16
In a closed bid system, False
the number of companies
invited to bid is typically
limited to no more than
ten contractors who are
known to the owner or
designers and who meet
the qualification criteria
set by the owner.
In closed bidding, there False
is little restriction on who
can submit a bid on the
work.
Managing the estimating True
process includes keeping
bid records, scheduling
the estimator's time, and
carefully reviewing bid
documents when they
are obtained.
Many government False
agencies are reluctant to
publish bid notices on
the Internet.
Most companies hold an a day or two
estimate review usually
___________ before the bid is
due to be submitted.
On most projects general True
contractors request two
complete sets of bid
documents for estimating
a project.
Perhaps the most the amount of fee to include in the bid price
important item
considered at the
estimate review is ____.
2/4/2026 CMT 443 Conceptual Est.pdf CMT 443 Conceptual Est
CMT 443 Conceptual Est.
Save
Terms in this set (340)
A contractor's estimating True
department is
responsible for
identifying the goals and
objectives of the
department.
Agencies of the U.S. Pre-Solicitation Notice
government use a
standard form called the
"____" to provide bid
information.
All of the following are advertisements in newspapers
considered primary
sources of information
for private bids EXCEPT:
A method of addressing prequalified
the problem of bids from
contractors of
questionable capability is
to call for bids from ____
contractors only.
2/4/2026 CMT 443 Conceptual Est.pdf CMT 443 Conceptual Est
,CMT 443 Conceptual Est CMT 443 Conceptual Est Page 2 of 16
A method of handling the query list
problem of review
questions is to compile a
list of all the questions
that arise, the ____, then
later send a single e-mail
to the prime consultant
to deal with all the items
that have accumulated.
An effective way to plan False
estimating operations is
to use a simple line chart
form of time schedule.
Construction groups in True
major cities have formed
associations or plan
service centers where
both public and private
bodies may deposit plans
and specifications of
projects calling for bids.
General clauses that have False
a significant impact on
the cost of the work are
often found in the "back
end" of specifications in
the review process.
If an estimator does not True
know exactly what the
computer is
accomplishing in the
preparation of an
estimate, the estimator
will not be in control of
the process.
2/4/2026 CMT 443 Conceptual Est.pdf CMT 443 Conceptual Est
, CMT 443 Conceptual Est CMT 443 Conceptual Est Page 3 of 16
In a closed bid system, False
the number of companies
invited to bid is typically
limited to no more than
ten contractors who are
known to the owner or
designers and who meet
the qualification criteria
set by the owner.
In closed bidding, there False
is little restriction on who
can submit a bid on the
work.
Managing the estimating True
process includes keeping
bid records, scheduling
the estimator's time, and
carefully reviewing bid
documents when they
are obtained.
Many government False
agencies are reluctant to
publish bid notices on
the Internet.
Most companies hold an a day or two
estimate review usually
___________ before the bid is
due to be submitted.
On most projects general True
contractors request two
complete sets of bid
documents for estimating
a project.
Perhaps the most the amount of fee to include in the bid price
important item
considered at the
estimate review is ____.
2/4/2026 CMT 443 Conceptual Est.pdf CMT 443 Conceptual Est
