Project Management & Estimating Flashcards
7 cards from real NECA practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 Project Management & Estimating flashcards as text
What is the primary advantage of using a unit price contract versus a lump sum contract for an electrical contractor?
Answer: Payment is tied to actual quantities installed, reducing quantity risk
Under a unit price contract, the contractor is paid for actual quantities installed, so quantity risk shifts largely to the owner.
Which document formally describes the scope of work, materials, installation methods, and quality requirements for an electrical project?
Answer: The specifications (Division 26)
Division 26 of the specifications outlines the technical requirements, acceptable materials, and installation standards for electrical work.
On a NECA labor unit table, what adjustment factor would typically INCREASE the labor units for a project?
Answer: Retrofit work in an occupied, congested facility
Retrofit work in occupied, congested spaces significantly reduces crew efficiency, requiring upward adjustment of base labor units.
What is the purpose of a 'bid bond' submitted with an electrical contractor's proposal?
Answer: It assures the owner the contractor will enter into the contract if selected
A bid bond guarantees that the contractor will enter into the contract and provide performance and payment bonds if their bid is accepted.
When reviewing subcontractor invoices, an electrical project manager notices overbilling for material stored off-site. Which contract clause governs payment for stored materials?
Answer: Stored materials provision in the payment terms
The stored materials provision specifies conditions (documentation, insurance, location) under which payment may be made for materials not yet installed.
An electrical estimator is performing a takeoff and notices that the drawing scale is 1/8" = 1'-0". If a conduit run measures 3.5 inches on the drawing, what is the actual length?
Answer: 28 feet
At 1/8" = 1'-0", each inch on the drawing equals 8 feet, so 3.5 inches × 8 = 28 feet.
Which earned value metric indicates that a project is over budget when its value is greater than 1.0?
Answer: Schedule Performance Index (SPI)
An SPI greater than 1.0 indicates the project is ahead of schedule, not over budget; a CPI less than 1.0 indicates over-budget status.