1
Estimating Final Exam Questions with
Answers (100% Correct Answers)
We put together estimates all the time in our everyday lives, often with little or
no calculating. 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. 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. Answer: True
Most general contractors and subtrades enter into cost-plus contracts in order to
perform a defined scope of work. Answer: False
A(n) ____ in its essence is an assessment of the probable total cost of some
future activity. 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. 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.
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. Answer: fast tracking
____ contracts are usually the owner's choice of last resort because they can
place the owner in a vulnerable financial position. Answer: Cost-plus
,2
____ 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.
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
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. 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. 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. Answer: False
On most projects general contractors request two complete sets of bid
documents for estimating a project. 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. 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. Answer: False
Agencies of the U.S. government use a standard form called the "____" to
provide bid information. Answer: Pre-Solicitation Notice
Private owners often directly invite contractors to bid on their construction
projects in a system known as a(n) ____ system. Answer: Closed bid
, 3
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. 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 "____." 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. 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 ____. Answer: addenda
Perhaps the most important item considered at the estimate review is ____.
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. Answer: chief estimator
An estimate begins with a quantity takeoff. Answer: True
The estimator should note that quantities of materials are measured in the
takeoff process. Answer: False
A materials takeoff generally provides sufficient information for pricing.
Answer: False
There are four basic categories of units used in estimating: number, length,
area, and weight. Answer: False
Estimating Final Exam Questions with
Answers (100% Correct Answers)
We put together estimates all the time in our everyday lives, often with little or
no calculating. 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. 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. Answer: True
Most general contractors and subtrades enter into cost-plus contracts in order to
perform a defined scope of work. Answer: False
A(n) ____ in its essence is an assessment of the probable total cost of some
future activity. 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. 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.
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. Answer: fast tracking
____ contracts are usually the owner's choice of last resort because they can
place the owner in a vulnerable financial position. Answer: Cost-plus
,2
____ 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.
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
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. 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. 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. Answer: False
On most projects general contractors request two complete sets of bid
documents for estimating a project. 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. 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. Answer: False
Agencies of the U.S. government use a standard form called the "____" to
provide bid information. Answer: Pre-Solicitation Notice
Private owners often directly invite contractors to bid on their construction
projects in a system known as a(n) ____ system. Answer: Closed bid
, 3
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. 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 "____." 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. 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 ____. Answer: addenda
Perhaps the most important item considered at the estimate review is ____.
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. Answer: chief estimator
An estimate begins with a quantity takeoff. Answer: True
The estimator should note that quantities of materials are measured in the
takeoff process. Answer: False
A materials takeoff generally provides sufficient information for pricing.
Answer: False
There are four basic categories of units used in estimating: number, length,
area, and weight. Answer: False
