Question 1

If one (1) meter is equal to 3.28 feet, how many cubic meters of concrete, rounded to the nearest cubic meter, are required to pour a foundation that is 15 feet long by 10 feet wide by 6 feet thick, disregarding waste?

Options :

A : 34

B : 255

C : 84

D : 26

Answer: D

Question 2

If you suspect a contractor’s bid estimate is unbalanced, which of the following best describes what to look for in an estimate review?

Options :

A : Errors and omissions concentrated in only a few elements of the work breakdown or cost account structure

B : Items that will be purchased or installed early and seem to have very high cost values

C : Extremely high escalation costs, particularly for those items installed later in the project schedule

D : Allowances for overtime that on balance appear to be excessive

Answer: B

Question 3

A Basis of Estimate (BOE)...

Options :

A : Will not address any anomalies or other shortcomings of the estimate or scoping documents

B : Should not describe the accuracy of the estimate, leaving that up to the independent judgment of the stakeholders

C : Should not discuss drawbacks or shortcomings of the scoping documents in order to not antagonize their developer

D : Will describe the primary estimating methodology used in preparation of the estimate

Answer: D

Question 4

The operating cost in the first year is $100,000. Escalation is expected to be 3% per year. What is the estimated operating cost in the fifth year?

Options :

A : $112,551

B : $112,000

C : $100,000

D : $115,000

Answer: A

Question 5

If the owner and contractor cannot come to agreement on the cost and terms of the change order, the reasonable solution is ….....................

Options :

A : The contractor should sue the owner

B : Stop the project

C : Arbitration

D : The owner should sue the contractor

Answer: C