NASCLA CH 7 Bidding and Estimating Exam 2024/2025, Exams of Nursing

Download NASCLA CH 7 Bidding and Estimating Exam 2024/2025 and more Exams Nursing in PDF only on Docsity! NASCLA CH 7 BIDDING AND ESTIMATING EXAM 2024/2025 Bid Shopping, Bid Peddling, and Bid Rigging are often great ways to do business. Some state statutes encourage these practices on public projects. TRUE FALSE - Precise Answer ✔✔False ___ occurs when the general contractor approaches subcontractors other than those who have submitted bids to seek a lower offer than what was quoted in original bids. In this situation, the general contractor reveals the original bids submitted and tries to reduce the price. Bid rigging Bid peddling Bid shopping None of the above. - Precise Answer ✔✔Bid Shopping Which of the following situations listed are not poor ways to do business? Bid peddling Bid shopping Both A and B above. None of the above. - Precise Answer ✔✔None of the Above ___ occurs when the subcontractor approaches the general contractor after the project was awarded with the intent of lower the original price submitted on bid day. Bid peddling Bid rigging Bid shopping Your suppliers can provide you with the materials price per unit or a lump sum. TRUE FALSE - Precise Answer ✔✔True Determining Project Equipment Cost. Small tools and pickup trucks are indirect costs and are not included as part of project costs. TRUE FALSE - Precise Answer ✔✔True Subcontractors are a consideration if you need to outsource work that your company does not have the resources to complete. TRUE FALSE - Precise Answer ✔✔True A ___ is generally prepared by an architect using cost models from previous projects. The contractor may arrive at a much different cost because of project's unique characteristics. unit price method conceptual estimate square-foot method None of the above. - Precise Answer ✔✔conceptual estimate Using the ___ of estimating, the project cost is a calculation of the square footage of the project multiplied by a unit cost, but this method does not account for project specifics that affect cost. Another variation of this method is putting together an estimate using cubic feet of the project multiplied by a unit cost. square-foot method unit price method conceptual estimate None of the above. - Precise Answer ✔✔square foot method The ___ of estimating bundles all cost factors such as labor, materials, equipment and subcontractors to come up with a unite price for the entire task. For example, let's say you are placing and finishing a 2,000- square-foot concrete slab and you determined that your unit price is $2.00 per square foot for this task. The total unit price is $4,000. unit price method square-foot method conceptual estimate None of the above. - Precise Answer ✔✔The Unit Price Method