1
construction estimating midterm Questions
with Answers (100% Correct Answers)
Throughout the estimating process, __________ must make judgment calls
regarding techniques, pricing, and people, and they often put their reputations
on the line. Answer: estimators
Often during construction operations the owner or the designer asks the
contractor to quote prices for proposed __________ in the scope of work.
Answer: changes
Estimating is a distinct function in the __________ field and focuses on the
costs of a construction project. Answer: construction management
An ____________ in its essence is an assessment of the probable total cost of
some future activity. Answer: estimate
The __________ estimate is 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. There will be few if any design details at this
stage because the design process will not begin until the owner is satisfied that
the cost of proceeding with it is justified. Answer: conceptual
Once the __________ turns the project over to the project manager and the on-
site team, the estimator shifts to a support role and really has no direct
management duties associated with the day-to-day operations. (select the best
answer) Answer: estimator
Cost budgets are compiled in a ___________ that is a summary of all
anticipated project expenditures. The budget amounts contained in the
___________ are verified from time to time during the design phase using more
accurate estimating methods based on the specific design details that emerge in
this phase of the project. (Select one answer for both blanks) Answer: cost plan
,2
Every time contractors estimate a job and submit a bid, they are taking
a__________. Answer: risk
___________ time is the amount of time it takes for a product or equipment to
be delivered to the job site. Products that have a long delivery time are called
long __________-time items and require special planning considerations. (select
the best answer that applies to both blanks) Answer: lead
When the design is completed, a final __________ estimate can be compiled to
anticipate the contractor's bid price for the work. Answer: pre-bid
The quality of the project is defined by the standards set forth in the
__________. Answer: specifications
There are Five basic sectors of the construction industry: Residential,
__________, Heavy Civil, Industrial, Environmental. Answer: Commercial
Estimating project costs requires a methodical approach. Answer: True
The __________ is a summary, based on the best information available, of
probable quantities and costs of materials, labor, equipment, and subcontracts
to complete a project, including taxes, overhead, and profit. Answer: estimate
An estimate is an educated guess. Answer: True
Once the design of the project is underway, budget amounts can be established
for the various elements of the project using procedures for a __________
estimate. Answer: preliminary
The goal of the book (Fundamentals of Construction Estimating) is to present a
method of compiling consistently accurate construction cost estimates in a
minimal amount of time. Answer: True
As an estimator, you have to learn to "build" the project ____________ before
you can price it. You must decide upon the construction approach and make
decisions all along the way as to how the facility will be built. Answer: mentally
,3
Estimates are also required after work starts on the project. Answer: True
Each construction __________ is characterized by different means, methods,
and materials of construction. The types of equipment, the type of structural
framework, the manufacturers, the suppliers, the specialty contractors, and
even the sources of funding vary with each sector. Answer: sector
Specialty contractors are often referred to as __________ because they perform
their work under a contract with another contractor. Answer: subcontractors
__________ engineers design __________ systems that support a building
and/or structures to withstand the forces of wind, gravity, and seismic activity.
(Select the best answer to complete both blanks above) Answer: structural
__________ are the men and women (plumbers, electricians, ironworkers, and
so on) who actually perform the work. These skilled and semi-skilled workers
are the construction industry's most valuable asset, although they are rarely
recognized for their immense contribution. Answer: trade workers
The __________ is accountable for four primary duties:
Developing the program
Determining the quantity of the project (scope of work)
Creating the overall budget for the project
Providing the funding for the project Answer: owner
The ____________ is responsible for:
, 4
Interpret the plans and specifications and prepare cost estimates and time
schedules to meet the requirements of the owner.
Determine and implement the best construction practices, means, and methods
to satisfy the owner's requirements for time, cost, and quality.
Oversee and manage all of the construction operations into a single, safe
coordinated effort. Answer: constructor
In construction, __________ references work performed with the general
contractor's own forces or labor. This is work that is not subcontracted.
Answer: self-performed work
It is not important to understand the various roles and responsibilities of these
many players as they influence the construction management process. Answer:
False
It is the ___________ who ultimately decides which project delivery method to
use. Answer: owner
A project delivery method where the construction manager acts as a consultant
to the owner in the development and design phases but as the equivalent of a
general contractor during the construction phase is called an __________ CM.
Answer: at-risk
Project delivery is the process by which all the procedures and components of
designing and building a facility are organized and put together in an
agreement that results in a completed project. Answer: True
The accuracy of the predicted costs used in the calculations is crucial if the
project is to move beyond conceptual estimate; all decisions that follow are
impacted by this initial estimate. Answer: True
construction estimating midterm Questions
with Answers (100% Correct Answers)
Throughout the estimating process, __________ must make judgment calls
regarding techniques, pricing, and people, and they often put their reputations
on the line. Answer: estimators
Often during construction operations the owner or the designer asks the
contractor to quote prices for proposed __________ in the scope of work.
Answer: changes
Estimating is a distinct function in the __________ field and focuses on the
costs of a construction project. Answer: construction management
An ____________ in its essence is an assessment of the probable total cost of
some future activity. Answer: estimate
The __________ estimate is 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. There will be few if any design details at this
stage because the design process will not begin until the owner is satisfied that
the cost of proceeding with it is justified. Answer: conceptual
Once the __________ turns the project over to the project manager and the on-
site team, the estimator shifts to a support role and really has no direct
management duties associated with the day-to-day operations. (select the best
answer) Answer: estimator
Cost budgets are compiled in a ___________ that is a summary of all
anticipated project expenditures. The budget amounts contained in the
___________ are verified from time to time during the design phase using more
accurate estimating methods based on the specific design details that emerge in
this phase of the project. (Select one answer for both blanks) Answer: cost plan
,2
Every time contractors estimate a job and submit a bid, they are taking
a__________. Answer: risk
___________ time is the amount of time it takes for a product or equipment to
be delivered to the job site. Products that have a long delivery time are called
long __________-time items and require special planning considerations. (select
the best answer that applies to both blanks) Answer: lead
When the design is completed, a final __________ estimate can be compiled to
anticipate the contractor's bid price for the work. Answer: pre-bid
The quality of the project is defined by the standards set forth in the
__________. Answer: specifications
There are Five basic sectors of the construction industry: Residential,
__________, Heavy Civil, Industrial, Environmental. Answer: Commercial
Estimating project costs requires a methodical approach. Answer: True
The __________ is a summary, based on the best information available, of
probable quantities and costs of materials, labor, equipment, and subcontracts
to complete a project, including taxes, overhead, and profit. Answer: estimate
An estimate is an educated guess. Answer: True
Once the design of the project is underway, budget amounts can be established
for the various elements of the project using procedures for a __________
estimate. Answer: preliminary
The goal of the book (Fundamentals of Construction Estimating) is to present a
method of compiling consistently accurate construction cost estimates in a
minimal amount of time. Answer: True
As an estimator, you have to learn to "build" the project ____________ before
you can price it. You must decide upon the construction approach and make
decisions all along the way as to how the facility will be built. Answer: mentally
,3
Estimates are also required after work starts on the project. Answer: True
Each construction __________ is characterized by different means, methods,
and materials of construction. The types of equipment, the type of structural
framework, the manufacturers, the suppliers, the specialty contractors, and
even the sources of funding vary with each sector. Answer: sector
Specialty contractors are often referred to as __________ because they perform
their work under a contract with another contractor. Answer: subcontractors
__________ engineers design __________ systems that support a building
and/or structures to withstand the forces of wind, gravity, and seismic activity.
(Select the best answer to complete both blanks above) Answer: structural
__________ are the men and women (plumbers, electricians, ironworkers, and
so on) who actually perform the work. These skilled and semi-skilled workers
are the construction industry's most valuable asset, although they are rarely
recognized for their immense contribution. Answer: trade workers
The __________ is accountable for four primary duties:
Developing the program
Determining the quantity of the project (scope of work)
Creating the overall budget for the project
Providing the funding for the project Answer: owner
The ____________ is responsible for:
, 4
Interpret the plans and specifications and prepare cost estimates and time
schedules to meet the requirements of the owner.
Determine and implement the best construction practices, means, and methods
to satisfy the owner's requirements for time, cost, and quality.
Oversee and manage all of the construction operations into a single, safe
coordinated effort. Answer: constructor
In construction, __________ references work performed with the general
contractor's own forces or labor. This is work that is not subcontracted.
Answer: self-performed work
It is not important to understand the various roles and responsibilities of these
many players as they influence the construction management process. Answer:
False
It is the ___________ who ultimately decides which project delivery method to
use. Answer: owner
A project delivery method where the construction manager acts as a consultant
to the owner in the development and design phases but as the equivalent of a
general contractor during the construction phase is called an __________ CM.
Answer: at-risk
Project delivery is the process by which all the procedures and components of
designing and building a facility are organized and put together in an
agreement that results in a completed project. Answer: True
The accuracy of the predicted costs used in the calculations is crucial if the
project is to move beyond conceptual estimate; all decisions that follow are
impacted by this initial estimate. Answer: True
