CON 383 Estimating Final Review
Question and answers rated A+
2025/2026
What is the current size of the construction industry in dollars? - correct answer ✔$1.3 Trillion
How many people currently work in the construction industry? - correct answer ✔7.2 million
There are approximately how many construction companies in the US? - correct answer ✔725,000
companies
The average after-tax profit margin for a General Contractor is _____% - correct answer ✔1.8%
Direct or Indirect - Electric bill for the Construction Company's Main Office - correct answer ✔Indirect
Direct or Indirect - Salaries of Regional Managers - correct answer ✔Indirect
Direct or Indirect - Concrete for the building's foundation - correct answer ✔Direct
Direct or Indirect - Field office trailer - correct answer ✔Indirect
Direct or Indirect - Subcontractors - correct answer ✔Direct
Which of the following statements is not true: A) DBB requires low bid award of contracts
B) DBB requires 100% complete drawings before the GC is hired
C) DBB is the most widely used delivery method
, D) DBB requires the Owner to manage two major contracts
E) None of the above are true - correct answer ✔DBB requires low bid award of contracts
What is the correct sequence of documents during the design process?
A) CD then DD then SD B) SD then DD then CD C) DD then SD then CD D) DD then CD then SD - correct
answer ✔SD then DD then CD
Which delivery method is the contractor most likely to adopt? - correct answer ✔Whichever the owner
decided
The most common form of contract in DB is: - correct answer ✔GMP
What does the "at risk" specifically refer to in a CMAR delivery system? - correct answer ✔The CM is at
risk with a guaranteed maximum contract
CMAR and DBB are similar in which way? - correct answer ✔They both require the owner to sign
separate contract for the A/E
Who creates the schedule of values for the construction contract? - correct answer ✔General
Contractor
Which of the following is an asset for a construction company?Rented Equipment
Construction jobs
Labor
Cash - correct answer ✔cash
What is the average interest rate for construction companies? - correct answer ✔12-15%
Question and answers rated A+
2025/2026
What is the current size of the construction industry in dollars? - correct answer ✔$1.3 Trillion
How many people currently work in the construction industry? - correct answer ✔7.2 million
There are approximately how many construction companies in the US? - correct answer ✔725,000
companies
The average after-tax profit margin for a General Contractor is _____% - correct answer ✔1.8%
Direct or Indirect - Electric bill for the Construction Company's Main Office - correct answer ✔Indirect
Direct or Indirect - Salaries of Regional Managers - correct answer ✔Indirect
Direct or Indirect - Concrete for the building's foundation - correct answer ✔Direct
Direct or Indirect - Field office trailer - correct answer ✔Indirect
Direct or Indirect - Subcontractors - correct answer ✔Direct
Which of the following statements is not true: A) DBB requires low bid award of contracts
B) DBB requires 100% complete drawings before the GC is hired
C) DBB is the most widely used delivery method
, D) DBB requires the Owner to manage two major contracts
E) None of the above are true - correct answer ✔DBB requires low bid award of contracts
What is the correct sequence of documents during the design process?
A) CD then DD then SD B) SD then DD then CD C) DD then SD then CD D) DD then CD then SD - correct
answer ✔SD then DD then CD
Which delivery method is the contractor most likely to adopt? - correct answer ✔Whichever the owner
decided
The most common form of contract in DB is: - correct answer ✔GMP
What does the "at risk" specifically refer to in a CMAR delivery system? - correct answer ✔The CM is at
risk with a guaranteed maximum contract
CMAR and DBB are similar in which way? - correct answer ✔They both require the owner to sign
separate contract for the A/E
Who creates the schedule of values for the construction contract? - correct answer ✔General
Contractor
Which of the following is an asset for a construction company?Rented Equipment
Construction jobs
Labor
Cash - correct answer ✔cash
What is the average interest rate for construction companies? - correct answer ✔12-15%
