Upgrade to remove ads
Only $35.99/year

Ch4 Estimating

Terms in this set (20)

If requested to prepare an estimate without sufficient lead time or adequate mapping you should:
a) Refuse to do it
b) Identify the estimate as "Not Valid for Budgeting or Programming Purposes"
c) Apply a 50% contingency rate
B
Estimate Data is entered into:
a) XPM b) TPRC c) PMCS d) TRS
C
T/F: Estimates are prepared for all transportation projects regardless of whether capital expenditures for right of way on the transportation project exist.
True
T/F: When preparing an estimate for a Project Study Report or equivalent, a contingency rate of at least 25% should be applied unless district experience dictates otherwise.
True
Which of the following is not typically contained in the estimate file:
a) Maps
b) R/W Data Sheets
c) Comparable Sales data
d) R/W Contracts
e) Estimate Worksheets
f) Diary
D
Guidelines for estimate map preparation are found in the:
a) Chapter 6 of the Right of Way Manual
b) The Drafting and Plans Manual
c) The Project Delivery Resource Guide
d) All of the above
e) a and b
E
When previously unidentified hazardous waste sites or hazardous materials are discovered in proposed right of way, Estimators are to immediately send
written notification to:
a) Project Development
b) Environmental
c) R/W Hazardous Waste Coordinator
d) District Hazardous Waste Coordinator
e) All of the above
E
The estimating procedure asks the estimator to look into the future to determine, to the highest degree possible:
a) The value of the subject at the time of the estimate
b) The value of the subject at the time of acquisition
c) The value of the subject at the time of construction
B
Which of the following indicators of value are estimators permitted to use:
a) Staff appraisals of comparable properties
b) Assessor's Information
c) Multiple listing service sales data
d) Observed listings
e) All of the above
E
T/F: For estimating purposes, activities commonly referred to as Construction Contract Work will be considered Severance Damages when it is anticipated they will be satisfied with a cash payment to be included in the R/W Contract.
True
Construction Contract Work costs are usually estimated by:
a) The R/W estimator
b) Project Development
c) The construction engineer
d) R/W Engineering
B
T/F: Properties contaminated with hazardous waste are to be estimated as if free and clear of that waste.
True
With regard to properties where improvements contain hazardous materials, which of the following statements are true?
a) Where hazardous materials are not stable, value as if free and clear of those materials.
b) Where hazardous materials are stable, estimate at market value with the cost of removing the materials added to the demolition cost of the project.
c) Both of the above
d) None of the above
C
T/F: Limiting Conditions and Assumptions used in developing the estimate are always included in the estimating document.
True
The R/W Estimate is reported on the:
a) R/W Estimate Work Plan
b) R/W Cost Report
c) R/W Data Sheet
d) any of the above formats are suitable
C
Attachments to the estimate include :
a) The Railroad Information Sheet
b) The Utility Information Sheet
c) Screen print of the COST-RW1 screen
d) all of the above
D
T/F: The R/W Estimate Worksheet will be used to arrive at individual parcel costs for each alternative being estimated.
True
T/F: Project Permit Fees are not R/W capital expenses and are not included in the R/W estimate.
False
With regard to R/W estimates, Escalation rates are:
a) Changes to a projects delivery schedule
b) Increases in cost due to changes in the scope of a project
c) Increases in cost due to upward changes in market conditions
d) all of the above
C
Estimates prepared for planning documents such as PSRs, and PRs are to be updated:
a) Once a year
b) Whenever project scope, scheduling, or value changes significantly
c) Only upon request of the Project Manager
B
Other sets by this creator