Chapter 7: Bidding and estimating

Question 1

When deciding whether to bid on a project, an estimator must consider all of the following EXCEPT?

Can the company breakeven on this project?

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How will project risks be managed?

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Does this project match our expertise?

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Special site conditions

Answer 1

Can the company break even on the project?

Question 2

Which is NOT a common phase of construction?

Punch list

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Post-construction

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Construction

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Pre-construction

Answer 2

punch list

Question 3

When preparing an accurate cost estimate, if there is a conflict between the specifications and applicable codes, the contractor must follow:

Answer 3

The stricter of the two

Question 4

The document in a bid package that describes how the bid should be completed and submitted is the:

Answer 4

bid instructions

Question 5

If changes are made to a bid package before the bids are due, the change is referred to as:

Answer 5

an addendum

Question 6

An unresponsive (or non-responsive) bid means:

Answer 6

the bid is rejected

Question 7

If a general contractor approaches another subcontractor (other than the subcontractor ‘s bid he used to win the bid), discloses the bid to the new subcontractor and asks the new sub to submit a lower bid after the project has been awarded, the general contractor’s action is technically referred to as:

Answer 7

bid shopping