Financial Management Certification Procore Exam Questions and Answers 100% Correct

Financial Management Certification Procore Exam Questions and Answers 100% Correct True or False: You should make the designated bid documents folder 'private' before you add it to your bid package. - Answer- False What should you do if Procore did not properly identify and name a specific section correctly when uploading your spec book to the project? a. Re-upload the spec set b. Click on the incorrect field, edit the value, and click Enter or Return on your keyboard c. Click Publish All d. Remove the Table of Contents and upload the file again - Answer- b. Click on the incorrect field, edit the value, and click Enter or Return on your keyboard True or False: You should always make sure that your spec book has a Table of Contents before you upload it into the Specifications tool. - Answer- True Where can you check if bid invitees have downloaded their bid documents? a. Under the bid package's Download log b. Under the bid package's Emails tab c. Under the bid package's Correspondence tab d. There is no way to check this information in Procore - Answer- a. Under the bid package's Download log How can you search for bidders to add them to the bid list (when viewing the Search for Bidders page)? a. Type the name of the company in the keyword search bar b. Filter by trades or cost codes c. Filter by jobsite proximity d. Filter by vendor ratings e. All of the above - Answer- e. All of the above What is the best way to inform bidders of a change to the bid documents after they have been sent out? a. Send an email from your personal email account b. Send an email from the Correspondence tab in Procore c. Procore will automatically notify bidders of a change to bid documents d. Delete the bid package and create a new one - Answer- b. Send an email from the Correspondence tab in Procore True or False: You can create a commitment directly from an awarded bid. - Answer- True True or False: The only way to upload a budget into Procore is by using the designated import template. - Answer- True Which tasks can be performed when a budget is unlocked? a. Add line items b. Create budget modifications c. Create change orders d. All of the above e. A and B f. A and C - Answer- f. A and C True or False: The Approved CO and Pending Budget changes pull from the Potential Change Order tier, and not the Change Order Request or Prime Contract Change Order tier. - Answer- True What are the three (3) types of columns that can be included in your configurable budget view? a. Standard, Calculated, and Basic b. Standard, Calculated, and Source c. Standard, Source, and Configurable - Answer- b. Standard, Calculated, and Source True or False: You can change the name of any column. - Answer- True True or False: Columns need to be selected or checked in a view in order to be included in a calculated column. - Answer- False How do you create a schedule of values in Procore's Prime Contract tool? a. Import the schedule of values (SOV) from a CSV file b. Copy the schedule of values from the Budget c. Manually add each line item d. All of the above e. Both A and B - Answer- d. All of the above True or False: You can create an owner invoices when the Prime Contract is set to 'Draft' mode. - Answer- False True or False: You have the option to release retainage on all line items at one time with a single bulk action. - Answer- True