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Which of the following items is not typically included in a construction company’s overhead?
a. Office rent and utilities.
b. Company travel, entertainment, advertising.
c. Direct and indirect field costs.
d. Interest and bank charges.
c
A construction bond typically involves three parties: (1) the party that might default, (2) the party that may incur financial and scheduling damages, the (3) the party that compensates for those damages.
a. (1) owner; (2) contractor; (3) surety
2. (1) contractor; (2) owner; (3) surety
c.(1) surety; (2) contractor; (3) owner
d. a&b
(1) contractor, (2) owner, (3) surely
When estimating productivity for an earthmoving operation, an increase in the slop grade will cause the grade resistance to ____
a. decreases
b. increases
c. does not change
d. may decrease depending on the soil type
b
Which of the following is NOT a method commonly used method in a value engineering process?
a. Hold quality & time steady but reduce cost.
b. Hold cost & time steady but increase quality.
c. Hold quality & cost steady but decrease time.
d. None of the above
d.
Which one of the following items is NOT included in the general conditions of a construction contract?
a. Time
b. Changes in work
c. Mandatory wage rates
d. Disputes
c.
The sequence of activities that determines the minimum times required to complete a project is called the
a. Shortest Path
b. Critical Path
c. Direct Path
d. Contractual Path
b.
Which of the following statements about specifications is NOT correct?
A. Often include the technical provisions for the different trades & materials involved in the project.
B. The size of the specifications is directly related to the size & cost of the project.
C. The size is influenced by how many different trades & materials are involved in the project.
D. None of the above
B.
What does the term “Means and Methods” refer to, and whose responsibility is it to decide which “Means and Methods” are used in a project?
A. The approaches, methodologies, technologies and specific ways to design the.project. Decided by the contractor.
B. The approaches, methodologies, technologies and specific ways to design the project. Decided by the owner.
C. The approaches, methodologies, technologies and specific ways to build the project. Decided by the designer.
D. The approaches, methodologies, technologies and specific ways to build the project. Decided by the contractor.
D.
Which of the following statements about soil states is NOT true?
A. The Loose State refers to soil that has been disturbed through hauling or other work
B. The Compacted State refers to soil that is artificially compacted
C. The Bank State refers to soil that has been disturbed through hauling or other work.
D. The Bank State is not artificially compacted
E. All the above are true
C.
In the work breakdown approach to project planning and cost estimation, which criteria are typically used to define and sequence work packages?
A. Methods, material types, location, owner’s perspective.
B. Location, required resources, material types, profit.
C. Resources, material types, cost, and location.
D. Location, required resources, material types, and methods.
D.
The work breakdown structure (WBS) is a hierarchical decomposition of the total scope of work to be carried out by the project team.
True or False
True
A contractor’s bonding capacity determines the size of projects they can bid on.
True or False
True
“Liquidated damages” is a common construction contract term used when a water leak occurs on site.
True or False
False
The swell factor directly defines the relationship between the compacted and loose states of soil.
True or False
False
In the Construction Specification Institute (CSI) Master Format, as used in RS Means, the column labeled “Total Incl O&P" stands for the total cost of Operation and Performance.
True or False
False
Compared to a builder (contractor), a design engineer is better equipped with the detailed knowledge needed to accurately estimate construction costs.
True or False
False