When preparing a bid for a residential project, a contractor compiles a quantity takeoff from the drawings. Which statement best describes the purpose of the takeoff in the estimating process?
Preconstruction Estimating
Question · Easy
How deep before you need a trench box?
Short
A residential contractor uses the square-foot method to develop a preliminary cost estimate for a 2,400 sq ft single-family home. If the contractor's historical cost is $185 per sq ft, what is the estimated cost?
Under AIA A701, Instructions to Bidders, what must a bidder submit with the bid form to make the bid responsive and not be automatically rejected?
Preconstruction Bidding
Question · Medium
Trades Exam Prep Podcast
Listen on Spotify
Podcast
A contractor adds a 12% overhead percentage and an 8% profit percentage to direct job costs of $325,000. Using the standard method where overhead and profit are each applied to direct costs, what is the bid price?
Question · Hard
A bid bond is most commonly expressed in what form for a private residential project bid?
OSHA fall heights, to scale
A contract includes a liquidated damages clause of $750 per day. The project finishes 18 calendar days late, and the contractor's actual delay cost to the owner was $11,000. What damages does the owner recover, assuming the clause is enforceable?
Why does a prudent residential contractor include a contingency line in a project estimate?
A performance bond costs 1.5% of the contract amount. What is the bond premium on a $420,000 residential contract?
Under AIA A701, when a bidder discovers an apparent error in the bid documents before the bid deadline, what is the proper course of action?
Six feet: a hard-hat anthem
A unit-price bid includes 1,200 LF of trenching at $28 per LF. A change adds 150 LF at the same unit price. What is the cost of the added work?
A contractor allocates general overhead to a job at $4,200 per week. The job is scheduled for 9 weeks. What overhead amount is included in the estimate?
Which best describes a lump-sum contract for residential construction?
Project Contracts
A contractor's break-even analysis shows fixed costs of $48,000 for the year and a contribution margin of $6,000 per house framed. How many houses must be framed to break even?
GFCI inspection
Under AIA A201, which party has the responsibility to carry out the construction in accordance with the contract documents and to provide supervision and inspection of the work?
Under AIA A201, how is a change in the work most commonly initiated and priced when the change is minor and the parties agree on the cost?
A cost-plus-fixed-fee contract has estimated costs of $300,000 and a fixed fee of $27,000. If actual costs come in at $315,000, what does the contractor receive in total?
A guaranteed maximum price (GMP) contract is set at $560,000. Actual documented costs are $510,000. If the contract provides for a 50/50 share of savings below GMP and there is no fee adjustment, what savings share does the contractor receive?
Under AIA A401, Standard Subcontract, which statement correctly describes the flow-through relationship between the prime contractor and the subcontractor?
A residential contract carries 10% retainage on installed work only. To date, $150,000 of work is installed and $30,000 of materials is stored on site (not yet incorporated). What is the net amount due this period before deducting prior payments?
Under AIA A201, which provision most directly governs the contractor's entitlement to a progress payment for work in place and materials suitably stored?
A change order adds $15,000 to a $300,000 lump-sum contract and extends the schedule by 7 days. The original contract had a 10% retainage term. What retainage is held on the changed work if retainage applies to the revised contract sum?
Under Florida's Construction Lien Law (Chapter 713), within how many days after final furnishing of labor or materials must a lienor file a claim of lien to preserve lien rights on a residential improvement?
Under AIA A201, what is the contractor's required initial step when asserting a claim that cannot be resolved through negotiation?
Substantial completion under AIA A201 is best described as which of the following?
Which document is the primary written record used by a residential contractor to track daily site conditions, weather, workforce, and work performed?
Construction Procedures
In a CPM (Critical Path Method) schedule, what does total float represent for a given activity?
Activity A has an early start of day 5 and a duration of 8 days. Its late start is day 9. What is the total float for activity A?
Which Florida statute is the primary source of contractor licensure requirements and definitions for certified residential contractors?
Licenses Permits
A residential contractor in Florida must subcontract which of the following trades because they fall outside the residential contractor's scope?
Under Florida law, what is the purpose of recording a Notice of Commencement before starting a residential construction project?
A residential contractor pulls a building permit for an addition. The permit fee is computed at $7.50 per $1,000 of valuation, and the jurisdiction sets a $25 minimum. For a project valuation of $2,400, what is the permit fee?
A contractor's crew installs 480 sq ft of wall board in an 8-hour day, and the production rate is used to estimate labor for a 1,200 sq ft job. At the same rate, how many 8-hour days are needed?
Which reference is the primary source for fall protection thresholds and other construction safety standards tested on the Project Management portion of the Florida residential contractor exam?
Safety
Under AIA A201, if the owner and contractor cannot resolve a claim through negotiation, what is the next prescribed step before litigation?
A contractor has earned $120,000 of work on a $200,000 contract. What percent complete is the project?
Under AIA A201, which party is responsible for maintaining project records and providing the architect with the information needed to evaluate payment applications?
Which of the following best describes a pay-when-paid clause commonly found in subcontract agreements?
At substantial completion, what typically happens to retainage held by the owner under a standard residential contract?
Under AIA A201, the contractor's one-year correction period typically begins on which date?
A time-extension request under AIA A201 is most likely to be granted for which cause?
A contract's original sum is $250,000. An approved change order adds $18,000, and a second deductive change order removes $4,500. What is the revised contract sum?
Under Florida Administrative Code Chapter 61G4, which entity adopts the rules governing construction contractor licensure categories, examination content, and discipline?
In Florida, what is the difference between a certified contractor and a registered contractor?
Loading more…