Fire Instructor > EXAM > NICET 3 FIRE ALARM EXAM STUDY QUESTIONS WITH COMPLETE REVISED ANSWERS GUARANTEED PASS | RATED A+ (All)

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NICET 3 FIRE ALARM EXAM STUDY QUESTIONS WITH COMPLETE REVISED ANSWERS GUARANTEED PASS | RATED A+

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NICET 3 FIRE ALARM EXAM STUDY QUESTIONS WITH COMPLETE REVISED ANSWERS GUARANTEED PASS | RATED A+ What part of the bid documents would best demonstrate the bidder's ability to successfully complete ... the project? A. Proposal statement B. Contractor statement C. Qualification statement D. Financial Statement - Answer>>> The correct answer is: The qualification statement. Reference course content. What major items should be considered when estimating a project? - Answer>>> 1 Profit Margin 2 Material 3 Labor 4 Equipment 5 Insurance 6 Bonds 7 Overhead In project estimates Care must be taken to factor in due to increases in material or labor costs. - Answer>>> cost changes The beginning of every design project starts with the customer specification included in the - Answer>>> Request For Proposal or RFP. Reading and interpreting the is a major factor in a good bid proposal and system design. - Answer>>> Specification If you take the safer approach, and add safety factors into your bid to account for things you may have missed in the specification, you probably will - Answer>>> not be the low or successful bidder. You are quoting a project for a major corporation that you have installed alarm systems in three identical buildings in the past five years. When using the other projects as the major basis for the estimate, what is the most likely factor that might be overlooked? A. Competitor's lower bids B. Fuel cost increases C. Material cost increases D. Change in specifications - Answer>>> The correct answer is: Material costs for estimating purposes need to be looked at whenever quoting a project using past cost data as the basis. Costs of steel and copper can dramatically increase project costs. Reference course content. [Show More]

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