Exam 2 Questions And Answers 100% Pass
Which of the following is a capital cost?
project planning study - answerproject planning study
For a public owner, what is the potential problem with project budget overruns? -
answerdecrease in public trust
What is an indirect project cost? - answerSupe...
project planning study - answer✔project planning study
For a public owner, what is the potential problem with project budget overruns? -
answer✔decrease in public trust
What is an indirect project cost? - answer✔Supervision
Which of the following is usually the best source of cost estimation data for a bidding
contractor?
RSMeans national data
RSMeans national data customized to the locality
Own experience with similar projects
Local contractor costs on similar projects - answer✔Own experience with similar project
Which of the following is correct about DOT standard specifications? - answer✔Earthwork is a
division although it might not be titled earthwork
Which of the following is untrue about the CO-141/145 example?
-Several bids were within ~10% of the engineer's estimate
-Mobilization was one of the larger cost items
-The low bidder had the lowest per unit cost for all items
-The low bid amount was below the engineer's estimate - answer✔The low bidder had the
lowest per unit cost for all items
Which of the following is untrue about contracts?
Putting the contract on paper might not be required but it is always a good idea
There is freedom to contract on almost anything
A valid contract means that it is legally enforceable
A contract not to do something is invalid - answer✔A contract not to do something is invalid
Freedom of K is an important concept - answer✔it reminds contractors to be careful because
courts will usually not invalidate contracts.
In which of the following instances is there mutual assent assuming a valid offer was tendered?
The offer was accepted only one day after the offer expired
I accept your offer but I am lowering the price from $500k to $450k
I accept your offer for building the facility as specified in the plans and specifications
I do not accept your offer - answer✔I accept your offer for building the facility as specified in
the plans and specifications
Which of the following delivery modes is the least like a triangle?
DBB
CMGC
DB
CM-Agent - answer✔DB
Which of the following factors is probably the worst for DB?
Certainty of costs
Construction innovations
Construction costs
Delivery time - answer✔construction costs
For a simple project where quantities are easily measurable, which of the following is the most
likely payment method?
Unit price
Cost + fee
Plan quantities
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