Deck 12: Pricing the Proposed Design

Question 1

Price and cost do not always mean the same thing.

Answer 1

True

Question 2

If a landscape project is really large, it will need more than drawings to explain the design and acceptable standards.

Answer 2

True

Question 3

Overhead costs are generated by the clients and passed along to the landscape company.

Answer 3

False

Question 4

There are many things that can wipe out the landscaper's expected profit including weather, labor problems, miscalculations, and poor materials.

Question 5

The general overhead costs are charged only to large projects and are included in their price.

Question 6

The price is binding on the landscape company only when the work starts.

Question 7

Price overruns result in disappointment of the client and a waste of time.

Question 8

Overhead costs are both general and project-specific.

Question 9

If unforeseen conditions delay the project or costs increase for other reasons, the bid price can be adjusted to protect the contractor's profit.

Question 10

Specifications should be exact and precise to prevent client disappointment.

Question 11

To which person(s) is the term price most appropriately applied?

A) the designer
B) the client
C) the contractor
D) the architect

Question 12

Determining the cost of a landscape project has what objective?

A) getting the job
B) establishing completion dates
C) financing the project
D) recovering expenses

Question 13

Price equals landscape design services plus what else?

A) landscape contracting services
B) labor and management costs
C) material and supply costs
D) equipment costs

Question 14

What describes an approximation of the price that a customer is charged for a project?

A) estimate
B) bid
C) offer
D) assessment

Question 15

Some states require what qualification of landscape architects that prevents others from charging for their design services?

A) bonding
B) incorporation
C) accreditation
D) insurance

Question 16

What two items are used by a landscape contractor to prepare a bid?

A) insurance forms and credit references
B) drawings and catalogues
C) drawings and specifications
D) bank records and client profiles

Question 17

What identifying notations must be included on a bid?

A) client's name and address
B) name of the estimator
C) date of preparation
D) All answers are correct

Question 18

Where in a bid are administrative salaries, advertising costs, rent, and office expenses included?

A) labor
B) contingency costs
C) overhead
D) materials

Question 19

What component of a bid provides for unpredictable things that can disrupt a construction schedule and increase costs?

A) overhead costs
B) specifications
C) liability insurance
D) contingency allowance

Question 20

A listing of the materials, quality standards, and time schedules required to build a particular project is called what?

A) specifications
B) building materials
C) work order
D) measurements

Question 21

A ____________________ is a definite commitment to provide services and materials specified in a contract for an agreed upon price.

Question 22

____________________ is what the client pays to have the landscape built.

Question 23

Expenses incurred by a landscaper who hires an outside firm to perform a portion of the work are ____________________ costs.

Question 24

Compared to a bid, the price figure given to a client in an estimate is ____________________.

Question 25

When bidding involves only one company, the discussions between the client and company are usually informal and ____________________.

Question 26

Precisely written ____________________ prevent client disappointment and discourage deceptive bidding.

Question 27

When factoring the cost of equipment into a bid, its time of ____________________ must be included.

Question 28

The form of measurement used to count and quantify materials is termed the ____________________ of measurement.

Question 29

The overhead and profit allowance for plant material is usually greater than that for hardscape materials because of the ____________________ of plants.

Question 30

When describing the plant materials to be used at the time of installation, each plant's size and ____________________ must be included in the description for complete clarity of what is expected.