Procore Financial Management Complete Exam Questions and Answers
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Course
Procore
Institution
Procore
Procore Financial Management Complete Exam Questions and Answers
You should make the designated bid documents folder 'private' before you add it to your bid package.
False
What should you do if Procore did not properly identify and name a specific section correctly when uploading your spec b...
Procore Financial Management Complete
Exam Questions and Answers
You should make the designated bid documents folder 'private' before you add it to your bid package.
False
What should you do if Procore did not properly identify and name a specific section correctly when
uploading your spec book to the project?
Click on the incorrect field, edit the value, and click Enter or Return on your keyboard
You should always make sure that your spec book has a Table of Contents before you upload it into
the Specifications tool.
True
Where can you check if bid invitees have downloaded their bid documents?
Under the bid package's Download log
How can you search for bidders to add them to the bid list (when viewing the Search for Bidders
page)?
All of the above
What is the best way to inform bidders of a change to the bid documents after they have been sent
out?
Send an email from the Correspondence tab in Procore
You can create a commitment directly from an awarded bid.
True
The only way to upload a budget into Procore is by using the designated import template.
True
Which tasks can be performed when a budget is unlocked?
A and C
The Approved CO and Pending Budget changes pull from the Potential Change Order tier, and not the
Change Order Request or Prime Contract Change Order tier.
True
What are the three (3) types of columns that can be included in your configurable budget view?
Standard, Calculated, and Source
You can change the name of any column.
True
Columns need to be selected or checked in a view in order to be included in a calculated column.
, False
How do you create a schedule of values in Procore's Prime Contract tool?
All
You can create an owner invoices when the Prime Contract is set to 'Draft' mode.
False
You have the option to release retainage on all line items at one time with a single bulk action.
True
Which of the following accurately describe the Prime Contract?
A Place where you can manage all contract-related work and share financial data with your owner or
client
By default, users with 'Standard' level permission can view the Prime Contract.
False
Which of the following can not be created until the Prime Contract's status is set to Approved? Select
all that apply.
Change Orders, Owner Invoices
A Budget Modification allows you to move budgeted costs to different line items.
True
What does the "Forecast to Complete" column show?
Money that you expect to be spent in addition to the projected costs in order to complete that scope
of work
What does the lightning bolt next to the "Forecast to Complete" column mean?
That it is an automatic calculation
When you create a Budget Snapshot, its data becomes immutable and will not reflect any future
changes to the budget.
True
How can you add new line items to a locked budget?
A and B
If you are integrated with an ERP accounting system (e.g. Sage 300), Direct Costs pull directly from the
integrated accounting system.
True
What are the types of direct costs that you can create in Procore?
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