AIC Cost Estimation 2

Question 1

Which item is NOT typically included in labor burden when an estimator prices craft labor?

Accepted Answer

Equipment depreciation

Answer

Labor burden covers payroll taxes, insurance, and fringe benefits tied to wages, while equipment depreciation is an equipment ownership cost.

Question 2

A crew of 4 workers earns a base wage of $40/hour with a 35% labor burden. What is the crew's cost for one 8-hour day?

Accepted Answer

$1,728

Answer

4 workers x $40 x 1.35 x 8 hours = $1,728.

Question 3

How many cubic yards of concrete are needed for a slab 60 ft by 40 ft by 6 inches thick, before waste?

Accepted Answer

44.4 CY

Answer

60 x 40 x 0.5 = 1,200 CF, and 1,200 / 27 = 44.4 CY.

Question 4

A drywall crew installs 1,200 SF per crew-day. How many crew-days are required to hang 9,600 SF?

Accepted Answer

8

Answer

9,600 SF / 1,200 SF per crew-day = 8 crew-days.

Question 5

A floor requires 1,000 SF of tile and the estimator applies a 10% waste factor. How much tile should be priced?

Accepted Answer

1,100 SF

Answer

1,000 SF x 1.10 = 1,100 SF including waste.

AIC - American Institute of Constructors Certification Practice Test