Financial Management Certification Procore Exam 2024 GRADED A+!!!!
True or False: You should make the designated bid documents folder 'private' before you add it to your bid package.
False
What should you do if Procore did not properly identify and name a specific section correctly when uplo...
Financial Management Certification Procore
Exam 2024 GRADED A+!!!!
True or False: You should make the designated bid documents folder 'private' before you add it to
your bid package.
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
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.
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
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
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
b. Send an email from the Correspondence tab in Procore
True or False: You can create a commitment directly from an awarded bid.
True
True or False: The only way to upload a budget into Procore is by using the designated import
template.
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
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.
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
b. Standard, Calculated, and Source
True or False: You can change the name of any column.
True
True or False: Columns need to be selected or checked in a view in order to be included in a calculated
column.
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
d. All of the above
True or False: You can create an owner invoices when the Prime Contract is set to 'Draft' mode.
False
True or False: You have the option to release retainage on all line items at one time with a single bulk
action.
True
Which of the following accurately describe the Prime Contract?
a. A place you can manage profit and loss for all internal stakeholders
b. A Place where you can manage all contract-related work and share financial data with your owner
or client
b. A Place where you can manage all contract-related work and share financial data with your owner
or client
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