test 2.6 Flashcards

1
Q

bid invitations

outfeed of 16 straight table: with messages being sent out to interested people

A

Contractors send out messages to material dealers and subcontractors who are believed to be interested in bidding

via email, mail, fax

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2
Q

bid invitation information

carts outfeed 20: with fill line and designed forklift person to pick up

A

 Deadline for receiving proposals, place where bids will be accepted, name of person to whom a proposal should be directed, place where bidding documents are available

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3
Q

bid invitation database.

back stop out feed 20: with number counter of sheets pulled by each employee.

A

 Contractors shall maintain / update a database containing supplier and subcontractor information

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4
Q

quantity surveys

out feed 10 carts: with a level on the side. for pricing

A

 Accurate quantity survey ( or quantity takeoff) is required for both lump-sum and unit-price bid

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5
Q

quantity surveys during constructions

outfeed 10 circle: displaying equipment and EEs

A

o Useful data to determine duration of work, size of crews, and equipment needs

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6
Q

professional quantity surveyors.

outfeed 10 middle fan: special ed fan

A

Some firms specialized in quantity takeoff and cost estimating

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7
Q

professional quantity surveyors.
hired by owner A-E

outfeed 10 water fan: survey for best fan for the job

A

Undertaking survey after the design has been completed or acting as a cost advisor

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8
Q

professional quantity surveyors.
in great Britain

old path next to 10: with the cardinal line up

A

Established professional services
(Cost feasibility studies, construction budget, cost check at all stages of the design process, and final quantity takeoff)

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9
Q

professional quantity surveyors.
standard in US

gate to 10 beginning: own your push

A

o Duty of contractors to make their own quantity takeoffs.

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10
Q

material cost

double doors to new space: with all parts in that room

A

Everything that will be incorporated into the finished structure ranging from steel and lumber to elevators and boilers

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11
Q

material usually purchased from

cross gates: ds dm

A

dealer, supplier, distributor, or manufacturer

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12
Q

material cost Substitution

corner new room older ladder: with a price tag on it.

A

Identifies substitute product and indicates the difference in price to the owner

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13
Q

Material Cost
 Allowance:

infeed section 26: with parents allowance money for eggs.

A

Designated allowance amount is used to prepare a proposal

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14
Q

Material Cost
FOB

infeed section 26: free location to pick up a conversation.

A

Free on Board :
A material vendor is responsible for presenting goods free on board at some mutually agreed upon point such as vendor’s sales location

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15
Q

Material Cost
CIF

ladder to top of 26: with insurance begging for fall protection or else a train is comming down.

A

Cost, Insurance, and Freight

Quoted prices include item cost plus shipment cost to include freight and insurance expenses to the FOB location

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16
Q

Direct labor cost

confined space top of 20: cheap labor isn’t quality lunch box.

A

 Function between basic wage rates, quantity of work, and production rates

17
Q

direct labor

fall protection wires: question if will work. History book says maybe.

A

 Production rate is a factor with high level of uncertainty
 Productivity shall be determined from in-house historical data

Be cautious when using data from external sources

18
Q

indirect labor

catwalk: blue shield

A

 Expenses that

E.g. Payroll taxes, insurance, and employee fringe benefits

19
Q

indirect labor
fringe benefits

outfeed 26: vacation for a doctors appointment.

A

Pension plans, health insurance, paid vacation, and apprenticeship programs

20
Q

indirect labor
 Expenses that

outfeed belt: insurance and tax paper.s

A

Are additional to the basic hourly rate

E.g. Payroll taxes, insurance, and employee fringe benefits

21
Q

Equipment cost

under 26 bent: screws holding up gate.

A

Refers to items being used to accomplish the physical work

22
Q

Equipment cost accounts for

stair to out fed 26: engineer concrete steps metal contruction

A

a greater proportion of the total cost of engineering projects than building constructions

23
Q

Equipment cost
cost heavy equipment

computer section 26: separated from plywood finger demanding

A

equipment
Refers to items being used to accomplish the physical work

cost needs to be estimated separately and with care

24
Q

Equipment cost who determines what type of ownership

A

contractors where to purchase, lease, or rent

25
Equipment cost | operators
normally included in labor cost
26
Equipment cost | lump some
Purchase new equipment for the project and sell it at the end of construction project Equipment expense= (purchase price-estimated salvage value)
27
Equipment cost | renting or lease of equipment
Applying lease or rental rates for project period
28
equipment cost | ownership cost
fixed cost Taking place during the period the owner owns the equipment (e.g. Financing cost, interest, taxes, insurance, and depreciation
29
equipment cost | operating cost
Variable costs Only occur during the operation of machine (e.g. Fuel, oil, grease, repair and maintenance, and tire replacement)
30
owners cost a personal man lift: glued or fixed to that location. pedro owns the machine
Fixed costs Taking place during the period the owner owns the equipment (e.g. Financing cost, interest, taxes, insurance, and depreciation)
31
operators cost trash hoppers: trash line changes. Only move when filled.
Variable costs Only occur during the operation of machine (e.g. Fuel, oil, grease, repair and maintenance, and tire replacement)