When preparing a bid estimate from construction drawings, a quantity takeoff is BEST described as the process of:
Preconstruction Estimating
Question · Easy
How deep before you need a trench box?
Short
In a material takeoff, the waste factor is applied to account for:
When estimating labor costs, the term crew hour refers to:
Trades Exam Prep Podcast
Listen on Spotify
Podcast
Which factor is MOST important when estimating equipment cost for a bid?
Question · Medium
A contractor's annual overhead is $240,000 and expected annual revenue is $1,200,000. If a project has direct costs of $85,000, what overhead should be allocated to that project using the overhead rate method?
OSHA fall heights, to scale
A unit-price bid differs from a lump-sum bid primarily because the unit-price bid:
Preconstruction Bidding
Before submitting a bid, a contractor should check the bid documents for completeness. Which item is MOST critical to verify?
A contract specifies liquidated damages of $750 per calendar day. The project is delivered 15 days late. What is the total liquidated damages assessment?
When calculating bid profit, the key difference between markup and margin is that:
Six feet: a hard-hat anthem
In bid preparation, fixed costs differ from variable costs because fixed costs:
A contractor has fixed costs of $50,000. The selling price per unit is $25 and the variable cost per unit is $15. How many units must be sold to break even?
Question · Hard
The square-foot method of estimating is MOST useful when:
A contractor bids a unit price of $4.50 per square foot for flooring. The measured quantity is 12,000 square feet. What is the extended bid amount for this line item?
The longest way home
Which regulatory requirement must a Florida building contractor consider when preparing a bid for a project that may impact wetlands?
In a lump-sum contract, the contractor bears the primary risk that:
Project Contracts
A cost-plus contract compensates the contractor for:
A guaranteed maximum price (GMP) contract benefits the owner because:
Under a unit-cost (unit-price) contract, which scenario creates the greatest risk for the owner?
Under AIA Document A201 (General Conditions of the Contract for Construction), who is responsible for providing the drawings and specifications?
Supplemental conditions in a construction contract modify the general conditions by:
In a construction contract, specifications serve to:
Under Florida's construction lien law (Chapter 713), a subcontractor who does not have a direct contract with the owner must serve a Notice to Owner within how many days of first performing work?
The Florida Construction Industry Recovery Fund primarily benefits:
Florida Statutes Chapter 558 requires a property owner to provide a contractor with what before filing a construction defect claim?
AIA Document A401 is used to establish the agreement between which parties?
When monitoring subcontractor performance, the general contractor should document work progress primarily through:
A change order in a construction contract is BEST defined as:
A $200,000 contract has a 10% retainage provision. Work completed to date totals $120,000. What is the maximum amount the contractor can draw after retainage is deducted?
A schedule of values in a construction contract is used to:
The total contract value is $400,000 and the schedule of values shows work completed to date of $120,000. What percentage of the project is complete?
Under AIA A201, a contractor may request payment for materials stored off-site only if:
Substantial completion is achieved when:
A final release of lien is significant because it:
Under Florida Statutes Chapter 489, a certified building contractor's scope is limited to buildings that:
Licenses Permits Approvals
Where is the scope of work of a Florida certified building contractor defined?
Which construction activity typically requires a building permit from the local jurisdiction?
When a Florida building contractor works in a local jurisdiction, the contractor must:
Under Florida law, which activity may be exempt from a building permit even though it involves construction work?
On a typical Florida commercial building project, what is the correct sequence of inspections?
A threshold inspection in Florida is required for buildings that meet specific criteria. The purpose of a threshold inspection is to:
Which type of special inspection is typically required for a commercial building with an underground storage tank?
Under Florida law, a certified building contractor may perform remodeling and repair work on any size building as long as:
A certificate of occupancy is issued by the building official to indicate that:
Loading more…