Cost Estimation Flashcards
7 cards from real CCS practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 Cost Estimation flashcards as text
Which specification section division under MasterFormat 2016 covers facility construction subgroups most directly related to cost estimating of building envelope work?
Answer: Division 07 — Thermal and Moisture Protection
Division 07 covers roofing, waterproofing, insulation, and exterior wall systems that are commonly high-cost envelope elements requiring detailed cost analysis.
A cost estimator calculates a 'labor burden rate' of 42%. This rate accounts for:
Answer: Payroll taxes, workers' compensation, health insurance, and other employer-paid fringe benefits beyond base wages
Labor burden includes all employer costs above base wages — FICA, FUTA, workers' comp, health, retirement, and similar fringes — and is expressed as a percentage of base pay.
Which type of estimate is prepared using elemental cost breakdowns such as 'substructure,' 'superstructure,' and 'enclosure' as defined by ASTM E1557 (UNIFORMAT II)?
Answer: Systems or assemblies estimate
A systems (assemblies) estimate uses UNIFORMAT II functional elements to price complete building subsystems before individual specification sections are written.
A project contingency of 10% is included in an early design estimate. As design development progresses and scope becomes better defined, the contingency should:
Answer: Decrease as design uncertainty is resolved
Contingency is inversely related to design completeness — as unknowns are resolved through further design, the contingency percentage appropriately decreases.
Which condition would MOST likely cause a bid to be declared non-responsive?
Answer: The bidder failed to acknowledge a material addendum issued before bid opening
Failure to acknowledge a material addendum means the bid is not based on the complete, current scope, making it non-responsive and ineligible for award.
In value engineering (VE), the primary objective is to:
Answer: Achieve required functions at the lowest life-cycle cost without sacrificing quality or performance
VE seeks the best value by analyzing function versus cost across the entire project life cycle, not simply cutting first-cost items.
A specifier includes a 'cash allowance' of $25,000 for decorative lighting fixtures. This means the contract sum:
Answer: Includes $25,000 for fixtures; the contractor adjusts the sum upward or downward when actual fixture costs are known
A cash allowance is included in the contract sum and is reconciled to actual costs through a change order once the owner selects specific fixtures and prices are confirmed.