Cee 4100 Study guides, Class notes & Summaries

CEE 4100 Test 2 Questions And Answers Cash flow projection - ANS-projection of income and expenses during project life, based on time scheduling Progress Payments - ANS-flow of money from owner to contractor Contractor prepares monthly progress claim (bill), Owner evaluates and pays & keeps retainage from each (until billings = 50% of total) Lump Sum - ANS-percentage of total contract completion Unit Price - ANS-actual field measurements of work completed Expenditure Schedule - ANS-Pro...

CEE 4100 Exam 2 Questions And Answers (100% Pass) 2024 What causes contractor failure? - ANS-- Rapid overexpansion - Subcontractor failure - Changes in line of work, scope of work or territory - Lack of comprehensive business plan - Poor financial controls - Failure in communication Surety Bonds - ANS-Offers assurances to the owner of a construction project that the general contractor will perform the work specified in the contract and pay certain subcontractors and suppliers Owner Ben...

CEE 4100 Exam 1 Questions and Correct Solutions Activity Labor Cost - CORRECT ANSWER-duration x hourly crew labor cost Advertisement for construction - CORRECT ANSWER-request for eligibility to bid - right to reject bids Architect/Engineer - CORRECT ANSWER-•professional that designs project. Usually direct employee of owner by contract Bid Bond - CORRECT ANSWER-Ensures bidder stays with the project Bid Solicitation or Advertisement for Bid - CORRECT ANSWER-contains information regarding b...

CEE 4100 TEST 1 EXAM REVIEW 2024/2025

Practice Exam for CEE 4100 Test 2 Questions and Answers Actual Cost of Work Performed (ACWP) - CORRECT ANSWER-Actual work hours or dollars to date represent what has been paid Banks Evaluation - CORRECT ANSWER-Contractors = high risk, so loan only thru inventories and partially complete with high interest rate Bid estimate - CORRECT ANSWER-Contractor prepares estimate of job's cost with markup for profit Budgeted Cost at Completion (BCAC) - CORRECT ANSWER-original project estimate Budgeted...