Let’s work on question 31-2 from the 2015 First-Class Constructor Examination – multiple-choice questions 35-36 in \"Engineering Economics\"; there will be a reward for correct answers
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The last edit to this post was made by Desert Fish on 2015-10-29 at 08:55. I’ve gathered some questions from this year’s First-Class Constructor exam, along with their answers. I’m sharing them here to encourage more people to participate. Instead of posting all the questions at once, I’ll present a few multiple-choice questions or one case study at a time, with the answers hidden. The answer will be visible after responding. Everyone is welcome to participate; the moderator will give rewards for correct answers. ****************************************** 35. According to current regulations, when examining whether the investment scale and production capacity outlined in the budget estimate are in line with those specified in the originally approved feasibility study report or project approval document, if it is found that the total investment amount exceeds the originally approved estimate by a certain percentage, it is necessary to further investigate the reasons for this overestimate. A. 5% B. 10% C. 3% D. 8% Answer: B 【Expert Explanation】If the total estimated cost exceeds the originally approved investment estimate by more than 10%, it is necessary to further investigate the reasons for this overestimate. See page P214 of the textbook. 36. Regarding the pricing for bidding on projects in accordance with national standards, which of the following statements is incorrect? A. The on-site management costs of construction companies should be allocated as deferred expenses and included in various comprehensive unit prices. B. The costs related to on-site testing facilities should be considered part of the startup costs, and it depends on the bidding documents whether they should be listed separately or not. C. It is up to the employer’s engineer to decide whether to use all or part of the provisional sum. D. The base price per labor day should be calculated based on the average daily wage of workers hired in the country where the project is located. 【Answer】D 【Expert Explanation】This question examines the components of bidding prices for international projects; refer to pages 229–302 of the textbook. It’s difficult. A, B, and C are all correct; the error in D is that labor costs also need to take into account the weighted average of domestic workers.
I’m trying to learn a bit; I haven’t taken the First-Class Constructor exam yet, but I want to know if I could answer the questions :lol
The answer is A; any amount exceeding 5% needs to be calculated.
35. Under current regulations, when examining whether the investment scale and production capacity outlined in the budget estimate are in line with the originally approved feasibility study report or project approval document, if it is found that the total investment amount in the budget estimate exceeds the originally approved estimated investment amount, further investigation into the reasons for this overestimation is required. B.10%
36. Regarding the statements on bidding prices for projects in accordance with national standards, the incorrect one is D: The base price per man-day for labor costs should be calculated based on the average daily wage of workers recruited in the country where the project is located
35. B. 10% 36. D. The base price per man-day for labor costs should be calculated based on the average daily wage rate of workers recruited in the country where the project is located
35. According to current regulations, when examining whether the investment scale and production capacity outlined in the budget estimate are in line with the originally approved feasibility study report or project approval document, if it is found that the total investment amount in the budget estimate exceeds the originally approved investment estimate by (B) percent or more, further investigation into the reasons for this overestimation is required. A. 5% B. 10% C. 3% D. 8% 36. Regarding the pricing for bids on projects in accordance with national standards, which statement is incorrect? (D) A. The on-site management costs of construction companies should be allocated as deferred expenses and included in various comprehensive unit prices. B. The costs related to on-site testing facilities should be considered part of the startup costs, and it depends on the bidding documents whether they should be listed separately. C. It is up to the owner’s engineer to decide whether to use all or part of the provisional amount. D. The base price per labor day should be calculated based on the average daily wage of workers hired in the country where the project is located
35. If the estimated total investment for option B exceeds the originally approved investment estimate by more than 10%, the reasons for this overestimate should be further examined. See page P214 of the textbook. 36. D, ABC are all correct; the error in D is that labor costs also need to take into account the weighted average of domestic workers