Estimating Final Exam FDOT Final
Estimates EXAM PREP QUESTIONS
WITH CORRECT ANSWERS
We put together estimates all the time in our everyday lives, often with little or no calculating. -
CORRECT ANSWER✅✅✅True
The different project delivery systems use the same types of estimates— conceptual, preliminary
and detailed—at various stages in the development of the project. - CORRECT
ANSWER✅✅✅False
With the design- build method, the owner indicates that he or she requires a certain facility and
usually outlines some parameters relating to location, size, design and the desired time of
occupancy. - CORRECT ANSWER✅✅✅True
Most general contractors and subtrades enter into cost-plus contracts in order to perform a
defined scope of work. - CORRECT ANSWER✅✅✅False
A(n) ____ in its essence is an assessment of the probable total cost of some future activity. -
CORRECT ANSWER✅✅✅estimate
A ____ estimate has to be prepared from a minimum amount of information because it is
required at a time when the project is often little more than a vague idea in the mind of the
owner. - CORRECT ANSWER✅✅✅conceptual
Once the design of a project is underway, budget amounts can be established for the various
elements of the project using procedures for a ____ estimate. - CORRECT
ANSWER✅✅✅preliminary
,Using a construction management organization seeks to facilitate overlap between project stages,
often referred to as ____, to allow earlier completion of the project. - CORRECT
ANSWER✅✅✅fast tracking
____ contracts are usually the owner's choice of last resort because they can place the owner in a
vulnerable financial position. - CORRECT ANSWER✅✅✅Cost-plus
____ contracts are based on a pricing schedule that consists of a breakdown of the work and
estimated quantities for each of the items on the breakdown. - CORRECT
ANSWER✅✅✅Unit-price
The basis of a ____ is the accurate assessment of the work in the form of a quantity takeoff that
can only be obtained from the full design of the project - CORRECT
ANSWER✅✅✅detailed estimate
Construction groups in 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. -
CORRECT ANSWER✅✅✅True
In a closed bid system 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. - CORRECT ANSWER✅✅✅False
An effective way to proceed with the planning of estimating operations is achieved by means of
a simple line chart form of time schedule. - CORRECT ANSWER✅✅✅False
On most projects general contractors request two complete sets of bid documents for estimating a
project. - CORRECT ANSWER✅✅✅True
If an estimator does not know exactly what the computer is accomplishing in the preparation of
an estimate, the estimator will not be in control of the process. - CORRECT
ANSWER✅✅✅True
, The use of fax machines, cellular telephones, and e-mail has had little impact on the bidding
process as it is still mostly a manual process. - CORRECT ANSWER✅✅✅False
Agencies of the U.S. government use a standard form called the "____" to provide bid
information. - CORRECT ANSWER✅✅✅Pre-Solicitation Notice
Private owners often directly invite contractors to bid on their construction projects in a system
known as a(n) ____ system. - CORRECT ANSWER✅✅✅Closed bid
A method of addressing the problem of bids from contractors of questionable financial situation
and experience capability is to call for bids only from ____ contractors. - CORRECT
ANSWER✅✅✅prequalified
Designers usually require a cash or certified check deposit from contractors who obtain bid
documents and the deposit is reimbursed when the drawings and specifications are returned to
the designer's office in "____." - CORRECT ANSWER✅✅✅Good order
A method of handling the problem of review questions is to compile a list of all the questions
that arise, the ____, then later make a single call to the designer to cover all the items that have
accumulated. - CORRECT ANSWER✅✅✅query list
Significant details provided in response to questions about a bid will be incorporated into written
documents that are distributed to all bidders in publications that are known as ____. - CORRECT
ANSWER✅✅✅addenda
Perhaps the most important item considered at the estimate review is ____. - CORRECT
ANSWER✅✅✅the amount of fee to include in the bid price
While an experienced estimator will certainly know what to look for and assess when
investigating the site, the presence of the ____ or a project superintendent on the visit will
always be valuable if only to offer alternative viewpoints in the evaluation of the data obtained. -
CORRECT ANSWER✅✅✅chief estimator
Estimates EXAM PREP QUESTIONS
WITH CORRECT ANSWERS
We put together estimates all the time in our everyday lives, often with little or no calculating. -
CORRECT ANSWER✅✅✅True
The different project delivery systems use the same types of estimates— conceptual, preliminary
and detailed—at various stages in the development of the project. - CORRECT
ANSWER✅✅✅False
With the design- build method, the owner indicates that he or she requires a certain facility and
usually outlines some parameters relating to location, size, design and the desired time of
occupancy. - CORRECT ANSWER✅✅✅True
Most general contractors and subtrades enter into cost-plus contracts in order to perform a
defined scope of work. - CORRECT ANSWER✅✅✅False
A(n) ____ in its essence is an assessment of the probable total cost of some future activity. -
CORRECT ANSWER✅✅✅estimate
A ____ estimate has to be prepared from a minimum amount of information because it is
required at a time when the project is often little more than a vague idea in the mind of the
owner. - CORRECT ANSWER✅✅✅conceptual
Once the design of a project is underway, budget amounts can be established for the various
elements of the project using procedures for a ____ estimate. - CORRECT
ANSWER✅✅✅preliminary
,Using a construction management organization seeks to facilitate overlap between project stages,
often referred to as ____, to allow earlier completion of the project. - CORRECT
ANSWER✅✅✅fast tracking
____ contracts are usually the owner's choice of last resort because they can place the owner in a
vulnerable financial position. - CORRECT ANSWER✅✅✅Cost-plus
____ contracts are based on a pricing schedule that consists of a breakdown of the work and
estimated quantities for each of the items on the breakdown. - CORRECT
ANSWER✅✅✅Unit-price
The basis of a ____ is the accurate assessment of the work in the form of a quantity takeoff that
can only be obtained from the full design of the project - CORRECT
ANSWER✅✅✅detailed estimate
Construction groups in 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. -
CORRECT ANSWER✅✅✅True
In a closed bid system 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. - CORRECT ANSWER✅✅✅False
An effective way to proceed with the planning of estimating operations is achieved by means of
a simple line chart form of time schedule. - CORRECT ANSWER✅✅✅False
On most projects general contractors request two complete sets of bid documents for estimating a
project. - CORRECT ANSWER✅✅✅True
If an estimator does not know exactly what the computer is accomplishing in the preparation of
an estimate, the estimator will not be in control of the process. - CORRECT
ANSWER✅✅✅True
, The use of fax machines, cellular telephones, and e-mail has had little impact on the bidding
process as it is still mostly a manual process. - CORRECT ANSWER✅✅✅False
Agencies of the U.S. government use a standard form called the "____" to provide bid
information. - CORRECT ANSWER✅✅✅Pre-Solicitation Notice
Private owners often directly invite contractors to bid on their construction projects in a system
known as a(n) ____ system. - CORRECT ANSWER✅✅✅Closed bid
A method of addressing the problem of bids from contractors of questionable financial situation
and experience capability is to call for bids only from ____ contractors. - CORRECT
ANSWER✅✅✅prequalified
Designers usually require a cash or certified check deposit from contractors who obtain bid
documents and the deposit is reimbursed when the drawings and specifications are returned to
the designer's office in "____." - CORRECT ANSWER✅✅✅Good order
A method of handling the problem of review questions is to compile a list of all the questions
that arise, the ____, then later make a single call to the designer to cover all the items that have
accumulated. - CORRECT ANSWER✅✅✅query list
Significant details provided in response to questions about a bid will be incorporated into written
documents that are distributed to all bidders in publications that are known as ____. - CORRECT
ANSWER✅✅✅addenda
Perhaps the most important item considered at the estimate review is ____. - CORRECT
ANSWER✅✅✅the amount of fee to include in the bid price
While an experienced estimator will certainly know what to look for and assess when
investigating the site, the presence of the ____ or a project superintendent on the visit will
always be valuable if only to offer alternative viewpoints in the evaluation of the data obtained. -
CORRECT ANSWER✅✅✅chief estimator
