NASCLA PRACTICE EXAM 1
Balance sheet, income statement, statement of cashflow - CORRECT
ANSWER-Three types of financial statements
Sustainable practices - CORRECT ANSWER-specifically consider a building
project's long term impact on the environment
Board feet - CORRECT ANSWER-The volume of wood needed for a project
Design-Build method of project delivery - CORRECT ANSWER-Owner contracts
with one entity to provide both design and construction services. Design-build
firm subcontracts as necessary.
Unit Price Contract - CORRECT ANSWER-An agreement that divides a contract
into various quantities of work categories for the contractor to perform
cost-plus contracts - CORRECT ANSWER-adding a standard markup (set
percentage added) to the cost of the product rather than have companies
compete for the lowest bid; allowed for faster mobilization because companies
made higher profits from producing more/fast
Labor rate - CORRECT ANSWER-The most difficult factor to determine the ___
because both the hourly wage rate and crew productivity must be considered
Turnkey contract - CORRECT ANSWER-a method of organizing a building
project in which a contractor and a designer agree to provide a finished building
at an agreed-upon price.
1/4 inch tolerance - CORRECT ANSWER-The tolerance for the spacing of
trusses along bearing support must be within plan dimension. Field conditions
that force spacing beyond this tolerance shall be reviewed and approved by the
Building Designer and Truss Designer
300 psi - CORRECT ANSWER-Adobe average compressive strength
Balance sheet, income statement, statement of cashflow - CORRECT
ANSWER-Three types of financial statements
Sustainable practices - CORRECT ANSWER-specifically consider a building
project's long term impact on the environment
Board feet - CORRECT ANSWER-The volume of wood needed for a project
Design-Build method of project delivery - CORRECT ANSWER-Owner contracts
with one entity to provide both design and construction services. Design-build
firm subcontracts as necessary.
Unit Price Contract - CORRECT ANSWER-An agreement that divides a contract
into various quantities of work categories for the contractor to perform
cost-plus contracts - CORRECT ANSWER-adding a standard markup (set
percentage added) to the cost of the product rather than have companies
compete for the lowest bid; allowed for faster mobilization because companies
made higher profits from producing more/fast
Labor rate - CORRECT ANSWER-The most difficult factor to determine the ___
because both the hourly wage rate and crew productivity must be considered
Turnkey contract - CORRECT ANSWER-a method of organizing a building
project in which a contractor and a designer agree to provide a finished building
at an agreed-upon price.
1/4 inch tolerance - CORRECT ANSWER-The tolerance for the spacing of
trusses along bearing support must be within plan dimension. Field conditions
that force spacing beyond this tolerance shall be reviewed and approved by the
Building Designer and Truss Designer
300 psi - CORRECT ANSWER-Adobe average compressive strength
