CLC CLC Estimating & Cost Control 1

Question 1

What is the first step a lead carpenter should take when preparing a bid for a carpentry project?

Accepted Answer

Perform a thorough site visit and scope review

Answer

Order materials immediately

Answer

Submit a preliminary invoice

Answer

Hire subcontractors

Question 2

Which estimating method involves pricing each individual material and labor task separately?

Accepted Answer

Unit-cost estimating

Answer

Square-foot estimating

Answer

Assemblies estimating

Answer

Parametric estimating

Question 3

A carpenter's labor burden includes which of the following costs on top of base wages?

Accepted Answer

FICA, workers' comp, unemployment insurance, and benefits

Answer

Material markup only

Answer

Overhead and profit only

Answer

Tool depreciation and fuel

Question 4

What does 'overhead' typically represent in a carpentry business estimate?

Accepted Answer

Costs of running the business not tied to a specific job (rent, insurance, office, vehicles)

Answer

Direct material costs

Answer

Profit margin only

Answer

Subcontractor fees

Question 5

When calculating lumber quantities, what is the standard unit of measure for dimensional lumber sold in the US?

Accepted Answer

Board feet

Answer

Cubic feet

Answer

Linear meters

Answer

Square yards

Question 6

A waste factor is added to material estimates primarily to account for:

Accepted Answer

Cuts, defects, and installation losses

Answer

Profit margin

Answer

Overhead costs

Answer

Labor inefficiency