Test is answered T/F

Question 1 5 out of 5 points Building construction estimating is the determination of probable construction costs of any given project. Question 2 0 out of 5 points Direct field costs are the material, labor, equipment, subcontracted items, and costs of items that are required for the field support construction efforts. Question 3 0 out of 5 points There are basically only four types of bidding procedures by which a contractor gets to build a project for owners. Question 4 0 out of 5 points There is usually a limit on the number of sets of contract documents a general contractor may obtain, partly due to the restriction on the number of sets a reporting service provides, but extra copies can be obtained for a refundable fee from architects/engineers. Question 5 5 out of 5 points There are a number of guides to construction cost manuals and software available, but caution must be exercised, since they are only guides. Question 6 5 out of 5 points Insurance is not the same as a bond. Question 7 0 out of 5 points Bid and performance bonds are the exact same legal type document. Question 8 5 out of 5 points Workers Compensation Insurance provides benefits to employees or their families, if employees are killed or injured during the course of work. Question 9 5 out of 5 points Specifications are written descriptions of materials, construction systems, but not workmanship, as the latter is covered in each individual contract. Question 10 5 out of 5 points By using a prepared bid form, the owner can evaluate all bids on the same basis. Question 11 5 out of 5 points In an addenda, the statements and any drawings included, serve to revise the basic contract document. Question 12 5 out of 5 points A notebook should contain the work up sheets, summary sheets, errors and omission sheets, proposals received from subcontractors, material suppliers and manufacture representatives, and notes pertaining to the project! Question 13 0 out of 5 points The text list 12 steps in working up a detailed estimate. Question 14 5 out of 5 points A specialty contractor or subcontractor is a separate contractor hired by the prime contractor to perform certain portions of the work. Question 15 5 out of 5 points Bid shopping is a common practice and considered ethical in view of the many contractors bidding on projects. Question 16 0 out of 5 points All material cost entered on the workup sheets must be based on delivery to the jobsite, not including tax, but on the summary sheets tax must be included. Question 17 5 out of 5 points All costs contained on the workup sheets are condensed, totaled, and included on the summary sheets. Question 18 5 out of 5 points One of the requirements of most contract documents is that the contractor visit the worksite. Question 19 5 out of 5 points Material and labor costs should always be estimated separately, as labor costs vary more than material costs, and labor costs will vary in different stages of a project. Question 20 5 out of 5 points If there are discrepancies in specifications, the specifications take precedence over drawings and dimensioned figures, and detailed drawings take precedence over scaled measurements from drawings.