Reference no: EM13990473
1. You're figuring out the bid for a job that includes installing a device you've never installed before. To get an accurate and competitive bid for this installation, you should
A. leave it out of the bid because you're not sure exactly what it will cost to do the installation.
B. assume it won't take more than the normal labor-unit so your bid won't be more than your competitor's.
C. include the total cost of all tools needed to install it.
D. try to guess at the time and expenses to install it based on your knowledge of similar tasks.
2. Many labor-related tasks are considered when developing a labor-unit count for a job. A portion of the labor-unit total includes
A. 75 percent for layout, material, and tool handling.
B. 25 percent for material handling.
C. 60 percent for installation and material handling.
D. 50 percent for installation and layout.
3. Supervision represents _______ percent of the labor unit.
A. 50
B. 5
C. 15
D. 10
4. The labor to install a receptacle is listed as 14/C. This means that it will take 14 hours to install 100 receptacles or _______ minutes to install 1 receptacle.
A. 840
B. 14
C. 8.4
D. 0.14
5. What is the estimated labor cost for a job if the total adjusted estimated labor is 115 hours and the labor rate per man-hour is $23.00?
A. $2,645.00
B. $138.00
C. $2,530.00
D. $1,322.50
6. You might want to consider _______ to protect you against dramatic cost increases, such as those in steel conduit and copper wire prices.
A. job insurance
B. occupational fees
C. a utility charge
D. a contingency clause
7. What is the total travel time required for a 350-hour job that has 5 workers, assuming a travel time of 1.5 hour per worker per day and 7-hour work days?
A. 525 hours
B. 52.5 hours
C. 75 hours
D. 105 hours
8. What labor-unit adjustment should you make for ladder work at 18 feet?
A. 25%
B. 19%
C. 3%
D. 13%
9. Which of the following should you consider when adjusting labor units for job conditions?
A. Weather/temperature
B. Sales tax
C. Material cost fluctuations
D. Anticipated staff strikes
10. After developing your bid, you need to create a proposal that states what you'll be responsible for and what costs are included in the bid. Which of the following does not need to be included in the proposal?
A. The analysis of the accuracy of your bid
B. The length of time the agreement will remain in effect
C. Information about who will pay for the cost of the permit
D. The amount of your bid for the final cost of the project
11. To develop an accurate bill-of-materials, you should count and measure each individual symbol on the blueprints. This process is called
A. the take-off.
B. labor extension.
C. material cost extension.
D. computer-assisted pricing.
12. When developing a bid for wiring a new building that contains 17 floors with the same basic wiring layout, you need to
A. add 17 percent to the total project cost of labor.
B. subtract 13 percent from the cost of labor for each floor.
C. subtract 5 percent from the cost of labor for each floor.
D. add 7 percent to the total project cost of labor.
13. If your employees prefer to work second shift, they prefer to work from
A. 7 a.m. to 3 p.m.
B. 7 a.m. to 11 p.m.
C. 3 p.m. to 11 p.m.
D. 11 p.m. to 7 a.m.
14. _______ is not suitable for jobs where outlets aren't located at standard intervals.
A. Unit pricing
B. Take-off pricing
C. Software-based estimating
D. Estimating
15. When possible, you should try not to bid jobs that have more than _______ competitors.
A. 3
B. 2
C. 4
D. 5
16. A/An _______ Worksheet contains pertinent job information, such as the job name, location, and address, as well as the name and phone number for the business owner.
A. Plan Review
B. Take-Off
C. Estimate Record
D. Direct Job Expenses
17. The second step in determining your break-even cost is to transfer the _______ from the Price/Labor Worksheets to the Estimate Summary Worksheet.
A. occupational fees
B. sales tax
C. material cost
D. labor burden
18. How much must sales increase per year to cover the cost of a software estimating system based on a cost of $3,000 with an expected life of 6 years and a gross profit margin of 25 percent?
A. $3,000
B. $500
C. $2,000
D. $18,000
19. What percentage of the total material cost is considered an acceptable value for tools, such as ladders, cords, and screw guns?
A. 3 percent
B. 4 percent
C. 5 percent
D. 2 percent
20. Which of the following does not need to be considered when deciding on the cost of a job?
A. Competitors' labor rates
B. Parking fees
C. Site distractions
D. Cost of small tools needed