Chapter 4: Review Questions

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Question 1 *

Identify the different bidding methods that are involved in the modular construction industry.

A. Competitive Bidding

B. Comprehensive Bidding

C. Negotiated Bidding

D. Value Bidding

Question 2 *

How is value engineering applied to a project?

A. Value Engineering is a system the client and the general contractors come to an agreement on how the engineering for the project will be evaluated

B. Value Engineering is a systematic approach to the evaluation of project design, materials, and construction methods to obtain the most value for every dollar of cost.

C. Value Engineering is a system used to determine the best price for engineering cost

Question 3 *

Identify the various ways in which a designer can reduce construction costs. (Check all that apply)

A. Design Structures with as many duplicate members as possible to reuse templates

B. Confine design elements to modular sizes where possible

C. Simplify the design of the structure

D. Design for use of cost-saving equipment & methods

E. Eliminate unnecessary special construction requirements

F. Use imported materials when possible

G. Write simple, straightforward specs that meet expectations

H. Use different specs for each contractor

Question 4 *

Identify the various ways in which a contractor can reduce construction costs. (Check all that apply)

A. Use of regular construction equipment

B. Bonus to labor for production in excess of a specified rate

C. Lean construction practices

D. Scheduling (material procurement, activity sequencing)

E. Ignore the supply chain

Question 5 *

How does implementing constructability on a project ensure a reduction in the cost of the project? 

Question 6 *

What are the various factors that should be considered when implementing constructability on a project? (list AT LEAST 5 factors)

Question 7 *

Select at LEAST  3 examples of constructability related savings. (check all that apply)

A. Schedule

B. Initial Cost

C. Life Cycle Cost

D. Short Lead Items

E. Material & Labor Availability

F. Sequencing of Work

G. Weather

H. Purchase Price

I. Delivery Cost

J. Lack of competition

K. Prices decreasing

L. Site Access

M. Environmental Concerns

Question 8 *

Describe the different types of contracts used in the construction industry.

Question 9 *

List the different classifications of working drawings

Question 10 *

Identify the various items that are to be included in a construction contract document.

Question 11 *

What are the various processes that are involved in risk management?

Question 12 *

What are the different types of insurance that are used in the modular construction industry? (check all that apply)

A. Commercial Auto Insurance

B. Property Insurance

C. Health Insurance

D. Workers' compensation

E. Work-place Insurance

F. Business Insurance

G. Car Insurance

H. Umbrella Insurance

I. Inland Marine Insurance

Question 13 *

What is the purpose of a surety bond?

Question 14 *

Identify the most common bonds that are used in the construction industry. (check all that apply)

A. Performance Bonds

B. Labor and Material Payment Bond

C. Workers Bonds

D. Umbrella Bonds

Question 15 *

Define the following: surety, principal, obligee, guarantee, bonding capacity

Question 16 *

What are the different types of estimates that can be used for a project in the construction industry? (check all that apply)

A. Real Estimate

B. Construction Estimate

C. Feasibility Estimate

D. Conceptual Estimate

E. Detailed Estimate

F. Competitive Estimate

Question 17 *

Identify the steps involved in developing a detailed estimate for a project.

Question 18 *

What are the common errors that can arise during the estimation process for a project? (check all that apply)

A. Mathematical errors

B. Spelling errors

C. Quantity takeoff errors

D. Errors in waste factors

E. Misplaced decimal points

F. Error in employee numbers

G. Quality takeoff error