CM 3111 EXAM 1 PRACTICE GUIDE 2026 QUESTIONS AND 100%
VERIFIED ANSWERS | GRADED A+ | GUARANTEED PASS!!
_____ are amounts of money put into a bid to cover any items that might have
been left out, overlooked or to cover unforeseen circumstances. The primary
disadvantage to such a practice is that it tends to encourage less accuracy in the
bidding process.
- answer-Contingencies
_____ estimates are prepared by multiplying the square footage of a building by a
cost per square foot and then adjusting the price to compensate for differences in
the building heights, length of the building perimeter, and other building
components. These estimates require less information to prepare and are less
accurate.
- answer-Square-foot
_____ 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.
- answer-Negotiated bidding
_____ overhead is the administrative costs directly associated with the execution of
a specific project.
- answer-Job
_____ 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.
- answer-Alternates
(T/F): A contingency schedule can be used by the estimator to estimate how long it
will take to complete the project. This information is particularly useful when
estimating job overhead costs and equipment rentals.
- answer-False
, (T/F): A notebook should be kept of each estimate so the estimator can have a
record of what was done, what numbers were used and all of the history of the
estimate in one place.
- answer-True
(T/F): A shortage of skilled workers may increase the cost of construction since the
contractor may have to offer incentives to attract the needed crafts or lesser-trained
personnel may have to be used.
- answer-True
(T/F): Alternates are proposals that are required of all bidders reflecting the
amounts to be added or subtracted from their base bid in the event that specific
changes in the work are ordered.
- answer-True
(T/F): Extreme hot and cold conditions tend to motivate workers to work a little
faster.
- answer-False
(T/F): General overhead items are determined by analysis of the construction
company and the indirect costs involved in building the project. The job overhead
items are determined by an analysis of the direct overhead involved in building the
project and those items required in the contract documents, typically the General
Conditions and Supplementary Conditions.
- answer-True
(T/F): Generally, bids can be delivered at any time and do not have deadlines since
the owner must accept the bid when the contractor is ready.
- answer-False
(T/F): It is important that the estimator study the project manual because the
project must be built to meet all of the requirements of the project manual as well
as the drawings. Items of significant cost are included in the project manual.
- answer-True
(T/F): Material quotes should be in writing so that all of the details are covered and
there will be no misunderstandings later.
- answer-True
VERIFIED ANSWERS | GRADED A+ | GUARANTEED PASS!!
_____ are amounts of money put into a bid to cover any items that might have
been left out, overlooked or to cover unforeseen circumstances. The primary
disadvantage to such a practice is that it tends to encourage less accuracy in the
bidding process.
- answer-Contingencies
_____ estimates are prepared by multiplying the square footage of a building by a
cost per square foot and then adjusting the price to compensate for differences in
the building heights, length of the building perimeter, and other building
components. These estimates require less information to prepare and are less
accurate.
- answer-Square-foot
_____ 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.
- answer-Negotiated bidding
_____ overhead is the administrative costs directly associated with the execution of
a specific project.
- answer-Job
_____ 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.
- answer-Alternates
(T/F): A contingency schedule can be used by the estimator to estimate how long it
will take to complete the project. This information is particularly useful when
estimating job overhead costs and equipment rentals.
- answer-False
, (T/F): A notebook should be kept of each estimate so the estimator can have a
record of what was done, what numbers were used and all of the history of the
estimate in one place.
- answer-True
(T/F): A shortage of skilled workers may increase the cost of construction since the
contractor may have to offer incentives to attract the needed crafts or lesser-trained
personnel may have to be used.
- answer-True
(T/F): Alternates are proposals that are required of all bidders reflecting the
amounts to be added or subtracted from their base bid in the event that specific
changes in the work are ordered.
- answer-True
(T/F): Extreme hot and cold conditions tend to motivate workers to work a little
faster.
- answer-False
(T/F): General overhead items are determined by analysis of the construction
company and the indirect costs involved in building the project. The job overhead
items are determined by an analysis of the direct overhead involved in building the
project and those items required in the contract documents, typically the General
Conditions and Supplementary Conditions.
- answer-True
(T/F): Generally, bids can be delivered at any time and do not have deadlines since
the owner must accept the bid when the contractor is ready.
- answer-False
(T/F): It is important that the estimator study the project manual because the
project must be built to meet all of the requirements of the project manual as well
as the drawings. Items of significant cost are included in the project manual.
- answer-True
(T/F): Material quotes should be in writing so that all of the details are covered and
there will be no misunderstandings later.
- answer-True
