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Direct Field Bond - These costs are the material, labor, equipment or - These guarantees that the contract documents will be subcontracted items that are permanently and complied with, and all costs relative to the project will physically...

Direct Field Bond - These costs are the material, labor, equipment or - These guarantees that the contract documents will be subcontracted items that are permanently and complied with, and all costs relative to the project will physically integrated into the building. be paid. If the contractor is in breach of contract, the bond must complete the terms of the contract. Project Comparison Estimates Negotiated Bidding - Are prepared by comparing the cost of a proposed project to a completed project. - This type of bidding is often used when owners know which contractor they would like to build the project. Competitive bidding II. Multiple Choice: Choose the correct answer and - Is a type of bid that involve each contractor write it on the blank submitting a lump-sum bid or a proposal in competition with other contractors to build the 1. Contain information relative to the design, and project. construction of the project a. specifications b. working drawings Performance Bond c. project manual - These bond guarantees the owner that the contractor d. general conditions will perform all work in accordance with the contract e. none of the choices documents and that the owner will receive the project 2. are funds paid to the employee for the employee to built in substantial agreement with the documents provide his own tools or for the use of his personal vehicle. Addenda a. union payments b. cash allowance - Is a drawing or information that modifies the basic c. Workers Compensation Insurance contract documents after they have been issued to the d. unemployment insurance bidder e. none of the choices 3. It includes the determination of the quantities and costs of everything that is required to complete the 10% project - It is customary for the owner to withhold a certain a. Assembly estimating percentage of the payments, which is usually how b. model estimating many percent? c. detailed estimate d. square foot estimate e. none of the choices Frontend Loading 4. Are written instructions concerning project - Contractors typically overvalue the initial items on requirements that describe the quality of materials to the project which is referred as? be used and their performance. a. general conditions Acceptance and Final Payment b. agreement c. specifications - The contractor will receive this payment when the d. addenda final inspection, certification of completion, e. none of the choices acceptance of the work, and required lien releases are completed. 5. An agreement wherein the owner provides the estimated quantities, and the contractors are in competition over their ability to complete the work b. model estimating rather than their quantity estimating ability. c. detailed estimate d. square foot estimate a. COST-PLUS-FEE AGREEMENT e. none of the choices b. UNIT-PRICE AGREEMENT c. LUMP SUM AGREEMENT 12. This arrangement is often used when speed, d. none of the choices uniqueness of the project, and quality take precedence. 6. These payments are based on the completed work and stored materials. a. COST-PLUS-FEE AGREEMENT b. UNIT-PRICE AGREEMENT a. progress payments c. LUMP-SUM AGREEMENT b. time of completion d. none of the choices c. scope of work d. retained percentage 13. The contractor agrees to furnish all material and e. none of the choices perform all of the work for the project in accordance with the contract documents. 7. Rather than bidding each of the individual components of the project, the estimator bids the a. Progress payments components in groups. b. time of completion c. scope of work a. Assembly estimating d. retained percentage b. model estimating e. none of the choices c. detailed estimate d. parametric estimate 14. Use equations that express the statistical e. none of the choices relationship between building parameters and the cost of the building. 8. Is the document that formalizes the construction contract and it is the basic contract. a. Assembly estimating b. model estimating a. general conditions c. detailed estimate b. agreement d. parametric estimate c. specifications e. none of the choices d. addenda e. none of the choices 15. The completion is expressed either as a number of days or as a specific date. 9. An agreement wherein the contractor agrees to construct the project in accordance with the contract a. progress payments documents, for a set price arrived at through b. time of completion competitive bidding or negotiation. c. scope of work d. retained percentage a. COST-PLUS-FEE AGREEMENT e. none of the choices b. UNIT-PRICE AGREEMENT c. LUMP-SUM AGREEMENT 16. Is a written supplement to the drawings and d. none of the choices includes information pertaining the materials and workmanship, as well as information about the 10. Define the rights, responsibilities and relations of bidding process. all parties to the construction contract. a. Specifications a. general conditions b. working drawings b. addenda c. general conditions c. specifications d. project manual d. agreement e. none of the choices e. none of the choices 17. Provides medical insurance benefits and may 11. Uses computer software to prepare an estimate reimburse some of the lost wages to employees based on a number of questions answered by the injured on the job or who contract an occupational estimator. illness a. Assembly estimating a. union payments  b. cash allowance 1 – GENERALREQUIREMENT c. Worker Compensation Insurance d. unemployment insurance 2 – EXISTING CONDITIONS e. none of the choices 3 – CONCRETE 4 – MASONRY III. True or False: Write T if the statement is correct 5 – METALS and F if otherwise. 6 – WOOD, PLASTICS, AND COMPOSITES FALSE - Public advertising is not required for public contract 7 – THERMALAND MOISTURE PROTECTION TRUE - Under the single contract, the prime contractor 8 – OPENINGS will include a markup on the subcontracted items as 9 – FINISHES compensation for the coordination effort and associated risk. TRUE - No contract should ever be signed until the attorneys for all parties have had a chance to review the document FALSE/INDIRECT COSTS - Direct Costs are referred to as general conditions or project overhead costs in building construction. TRUE - Design-build and construction manager project delivery system, the contractor acts as both the designer and the general contractor. The contractor is involved in the design process, providing expertise in construction methods and costs as well as managing the construction process. IV. Arrange in correct sequence: Write the correct sequence of a project manual in number 1 to 9 1. Invitation to bid (advertisement for bidders) 2. Instructions to bidders 3. Bid (or proposal) forms 4. Form of owner/contractor agreement 5. Form of bid bond 6. Forms of performance bonds 7. General conditions of the contract 8. Supplementary general conditions 9. Specifications (technical specifications) V. Enumeration: Write the Division 0-9 in correct sequence. 0 – PROCUREMENT AND CON TRACTING REQUIREMENTS