31. All costs contained on the workup sheets are condensed, totaled, and include

Question

31. All costs contained on the workup sheets are condensed, totaled, and included on sheet. a) wrap-up b) lump summary c) summary sheet d) punch list 32. A sum of money or percentage added to the bid for items overlooked of left out a) plan B b) contingency c) hold over d) slush funding 33. Contingencies are often an excuse for using poor estimating practices a) True b) False 34. A provision in the proposal form for payment of a bonus for each day the project is completed prior to the time stated, and for a charge against the contractor for each day the project remains uncompleted after the time stipulated. a) Cash Allowances b) Certificate of Payment c) Bonus and Penalty Clause d) Liquated Damages 35. Experience is the hardest teacher because... a) It gives the test first and the lesson after.

Explanation / Answer

31) All cost contained on the workup sheets are condensed, totaled, and included on the summary sheet.(c)

32) A sum of money or percentage added to the bid for items overlooked or left out is called Contingency. (b)

33) Contingencies are often an excuse for poor estimating practices. (True)

34) Bonus and Penalty clause(c) is a provision form for a payment of a bonus for each day the project is completed prior to the time stated and for the charge against the contractor for each day the project remains uncompleted after the time stipulated.

35) Experience is the hardest teacher because it gives the test first and the lesson after. (a)

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