Deck 2: The Estimating Process and Preliminary Procedures

Question 1

Significant details provided in response to questions about a bid will be incorporated into written directives that are distributed to all bidders in publications known as ____.

A)appendixes
B)errata
C)supplements
D)addenda

Answer 1

D

Question 2

A contractor's estimating department is responsible for identifying the goals and objectives of the department.

Answer 2

True

Question 3

An effective way to plan estimating operations is to use a simple line chart form of time schedule.

Answer 3

False

Question 4

A method of handling the problem of review questions is to compile a list of all the questions that arise, the ____, then later send a single e-mail to the prime consultant to deal with all the items that have accumulated.

A)punch list
B)query register
C)query list
D)risk register

Question 5

Many government agencies are reluctant to publish bid notices on the Internet.

Question 6

Which of the following is a primary source of information regarding bid calls for public works?

A)business contacts
B)construction news services
C)web pages of government agencies
D)bid information services

Question 7

Most companies hold an estimate review usually  ___________ before the bid is due to be submitted.

A)a month
B)a year
C)a day or two
D)a week

Question 8

Perhaps the most important item considered at the estimate review is ____.

A)the type of materials to be used
B)the amount of fee to include in the bid price
C)the relative merits of the subcontractors
D)the number of days for completion

Question 9

All of the following are considered primary sources of information for private bids EXCEPT:

A)advertisements in newspapers
B)invitations from owners or consultants
C)architectural and engineering consultants
D)business contacts

Question 10

Private owners often directly invite contractors to bid on their construction projects in a system known as a(n)____ system.

A)open bid
B)limited bid
C)blind bid
D)closed bid

Question 11

Managing the estimating process includes keeping bid records, scheduling the estimator's time, and carefully reviewing bid documents when they are obtained.

Question 12

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.

A)bonding company's representative
B)chief architect
C)chief estimator
D)project liaison

Question 13

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.

Question 14

General clauses that have a significant impact on the cost of the work are often found in the "back end" of specifications in the review process.

Question 15

Agencies of the U.S. government use a standard form called the "____" to provide bid information.

A)Notice of Commencement
B)Pre-Solicitation Notice
C)Notice of Solicitation
D)Invitation to Bid

Question 16

In closed bidding, there is little restriction on who can submit a bid on the work.

Question 17

On most projects general contractors request two complete sets of bid documents for estimating a project.

Question 18

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.

Question 19

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.

Question 20

A method of addressing the problem of bids from contractors of questionable capability is to call for bids from ____ contractors only.

A)prequalified
B)conditioned
C)service
D)trained