Question 1

Options :

A : Indirects = $3.53, Overheads = $4.78

B : Indirects = $1.68, Overheads = $6.62

C : Indirects = $6.62, Overheads = $1.68

D : Indirects = $1.60, Overheads = $6.70

Answer: C

Question 2

Given the project's status, how many hours have been earned if 6,573 hours have been spent and the project is 55% complete, against a planned 60%?

Options :

A : 7,200

B : 6,573

C : 6,960

D : 6,600

Answer: D

Question 3

A major hospital is planning a significant expansion of its facilities over a five-year period. The design phase will be completed one year after the contract is awarded. Major engineering drawings will be finalized two years after the design contract is awarded, and construction will begin three years after the award of the design contract. The hospital plans to incorporate new, cutting-edge medical equipment and technology, requiring an estimate to be developed to identify these costs without historical data.What information is needed to develop a Class 2 definitive estimate for the hospital's expansion project?

Options :

A : Soil data, detailed construction drawings, quantity takeoffs, minimum contingency detailed indirect costs, detailed engineering estimates

B : Vendor quotes, home office detailed estimate, preliminary quantities with labor, material, and factorsapplied

C : Preliminary quantities with labor, material, and factors applied, square footage of facilities, minimumcontingency detailed indirect costs

D : Square footage of facilities, factored indirects and home office costs

Answer: A

Question 4

What is the appropriate course of action for a contractor when experiencing an inexcusable delay?

Options :

A : The contractor has no right to ask for a time extension or additional cost.

B : The contractor should immediately issue a disruption claim.

C : The contractor should wait for the owner to propose a resolution.

D : The contractor should seek a time extension and financial compensation.

Answer: A

Question 5

A major theme park is expanding the existing facility over a five-year period. The design phase will be completed one year after the contract is awarded. Major engineering drawings will be finalized two years after the design contract is awarded and construction will begin three years after the award of the design contract. New, unique ride technology will be used and an estimate will need to be developed to identify these costs that have no historical data.Select the statement that best describes the meaning of the +/-notations associated with an estimate. The actual cost is expected:

Options :

A : To fall within the percentage range stated

B : To be exactly the percentages stated

C : To be higher or lower that the percentages stated

D : To be outside the percentages stated

Answer: A

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