ESTIMATING FINAL EXAM QUESTIONS &
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
An estimate begins with a quantity takeoff. - Correct Answer-True
The estimator should note that quantities of materials are measured in the takeoff
process. - Correct Answer-False
A materials takeoff generally provides sufficient information for pricing. - Correct
Answer-False
There are four basic categories of units used in estimating: number, length, area, and
weight. - Correct Answer-False
A perimeter length is calculated from the figured dimensions that are provided on the
plan of the structure. - Correct Answer-True
A ____ is a process of measuring the work of the project in the form of a series of
quantified work items. - Correct Answer-quantity takeoff
In a quantity takeoff, measurements are made ____. - Correct Answer-net in place
Dimensions are entered onto the takeoff in this order: ____. - Correct Answer-length,
width, and depth
When using the metric system, record dimensions in ____ rounded to two decimal
places. - Correct Answer-meters
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
An estimate begins with a quantity takeoff. - Correct Answer-True
The estimator should note that quantities of materials are measured in the takeoff
process. - Correct Answer-False
A materials takeoff generally provides sufficient information for pricing. - Correct
Answer-False
There are four basic categories of units used in estimating: number, length, area, and
weight. - Correct Answer-False
A perimeter length is calculated from the figured dimensions that are provided on the
plan of the structure. - Correct Answer-True
A ____ is a process of measuring the work of the project in the form of a series of
quantified work items. - Correct Answer-quantity takeoff
In a quantity takeoff, measurements are made ____. - Correct Answer-net in place
Dimensions are entered onto the takeoff in this order: ____. - Correct Answer-length,
width, and depth
When using the metric system, record dimensions in ____ rounded to two decimal
places. - Correct Answer-meters
