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Test your basic knowledge |
Construction Management
Start Test
Study First
Subjects
:
industries
,
construction
,
business-skills
Instructions:
Answer 50 questions in 15 minutes.
If you are not ready to take this test, you can
study here
.
Match each statement with the correct term.
Don't refresh. All questions and answers are randomly picked and ordered every time you load a test.
This is a study tool. The 3 wrong answers for each question are randomly chosen from answers to other questions. So, you might find at times the answers obvious, but you will see it re-enforces your understanding as you take the test each time.
1. The list of contractors that have survived prequalification tests.
Checks and Balances
Final Completion
Direct Costs
Approved Bidders List
2. Also: Account Codes; Codes of Accounts An alpha/numeric identification system for budget line items that ensures that project expenditures are properly debited/credited in the project budget as payments are made in behalf of the project.
Milestone Schedule
Warranty
Chart of Accounts
Direct Costs
3. The time between the purchase date and delivery date of long-lead items.
Letter of Intent
Preconstruction Phase
Long-Lead Time
Schedule of Values
4. Detailed statements covering procedures - and quantitative and qualitative and qualitative information pertaining to material - products - and equipment to be incorporated into a project.
Bid
Specifications
Fast-Track(ing)
Contract Document Phase
5. A job title usually reserved for the administrative level person who supervises the work of an on-site contractor .
Notice of Award
Superintendent
Construction Budget
General Contractor
6. Line-item amounts in the project budget - dedicated to specific cost areas where oversight is an inherent problem in project delivery.
Contingencies
Technical Specifications
Contract Document Phase
Notice to Proceed
7. A contractor who has a contract with a prime contractor.
Notice to Proceed
Guarantee
Project Meeting
Subcontractor
8. The continuous chain(s) of activities from project-start to project-finish - whose durations cannot be exceeded if the project is to be completed on the project-finish date. A sequence of activities that collectively require the longest duration to c
Project Manual
Preliminary Design Phase
Chart of Accounts
Critical Path(s)
9. The term used to describe the use of the overlapping expertise of each team member during team decision making.
Budget Estimate
Checks and Balances
Superintendent
Construction Manager
10. The target cost of the project established by the owner and agreed to be achievable by the team. The Project Budget usually includes the cost of construction and the CM fee - plus any other line-item costs (land - legal fees - interest - design fees
Specifications
Design Development Phase
Project Budget
Start-Up
11. The continuous chain(s) of activities from project-start to project-finish - whose durations cannot be exceeded if the project is to be completed on the project-finish date. A sequence of activities that collectively require the longest duration to c
Schematic Design Phase
Escrow Account
Project Budget
Critical Path(s)
12. Detailed statements covering procedures - and quantitative and qualitative and qualitative information pertaining to material - products - and equipment to be incorporated into a project.
Lump Sum Fee
Specifications
Letter of Intent
Design Development Phase
13. A binding offer - usually expressed in dollars to provide specific services within clearly stated requirements.
Schematic Design Phase
Bid
RFP (Request For Proposal)
Specifications
14. A technical review process; the close matching of engineering design to the value an owner derives from the design.
Preliminary Design Phase
Value Engineering
Reimbursable Expense
Estimated Final Cost
15. Check: Notice of Award; Letter of Intent A notice from an owner directing a contractor to begin work on a contract - subject to specific stated conditions.
Design-Build (D-B) Contracting
Notice to Proceed
Contract Administration
Milestone Schedule
16. The point at which both parties to a contract declare the other has satisfactorily completed its responsibilities under the contract.
Final Completion
Notice of Award
Record Drawings
Direct Labor Costs
17. See: Front-End Specifications The part of the contract that prescribes the rights - responsibilities - and relationships of the parties signing the agreement and outlines the administration of the contract for construction.
apparent Low Bidder
General Conditions (of the Contract for Construction)
Contract Document Phase
Schematic Design Phase
18. The cost of purchasing - installing - owning - operating - and maintaining a construction element over the life of the facility.
Lump Sum Fee
Life-Cycle Cost
Value Engineering
Conditions of the Contract
19. The term used on architectural projects to describe the transitional phase from the Schematic Phase to the Contract Document during design.
Design Development Phase
Direct Labor Costs
apparent Low Bidder
Owner's Representative
20. The final phase of design on an architectural project when construction documents are completed and bidding documents formulated.
Project Budget
Letter of Intent
Warranty
Contract Document Phase
21. Also: Reimbursable Charges to the owner covering costs for services that could not or intentionally were not quantified at the time the fee arrangement was made.
Reimbursable Expense
Record Drawings
Shop Drawings
Lien
22. Costs accruing from expended labor excluding the bonus portion of overtime - insurances - and payroll taxes.
Project Meeting
Schedule of Values
Direct Material Costs
Project Budget
23. The documents which collectively form the contract between the contractor and the owner. They consist of the bidding documents less bidding information plus pre-award addenda and post-award Change Orders.
Direct Labor Costs
Performance Bond
Contract Documents
Contract Document Phase
24. A person assigned to a project to represent the owner on the project team at one to the three management levels.
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25. A contract held by an owner.
Long-Lead Items
Value Engineering
Clerk-of-the-Work
Prime Contract
26. A form of the CM system where the construction manager guarantees - in addition to providing ACM services - a ceiling price to the owner for the cost of construction.
Construction Management
Fast-Track(ing)
Guaranteed Maximum Price CM (GMPCM)
Lump Sum Fee
27. A fixed dollar amount which includes all costs of services including overhead and profit.
Conditions of the Contract
Milestone
Superintendent
Lump Sum Fee
28. Also: Guarantee Assurance by a providing party that the work - material - and equipment under warranty will perform as promised or as required by contract.
Notice of Award
Guarantee
Warranty
Checks and Balances
29. A meeting dedicated essentially to contractor performance and progress payments - involving supervisors from contractor home offices and the team's Level 2 and 3 Managers.
Contract Administration
Reimbursable Expense
Escrow Account
Project Meeting
30. Graphic representations showing location - geometry - and dimensions of a project or its elements in sufficient detail to facilitate construction.
Lien
Drawings
Reimbursable Expense
Field Construction Manager
31. The time between the purchase date and delivery date of long-lead items.
apparent Low Bidder
Guaranteed Maximum Price CM (GMPCM)
Reimbursable Expense
Lump Sum Fee
32. An estimate of the final cost of a work item based on its Cost to Date and the estimated cost to complete it. The sum of the Cost to Date and the Estimated Cost to Complete.
Lump Sum Fee
Estimated Final Cost
Change Order
Superintendent
33. A pledge from a third party (usually a surety company) to pay liquidated damages to the owner to the extent of the difference between the bonded contractor bid and the next highest bidder but not to exceed the face value of the bond; if the bonded co
Bid Bond
Life-Cycle Cost
CM Services
Shop Drawings
34. The date on which a contractor reaches a point of completion - when subsequent interfacing contractors can productively begin work or the owner can occupy the project - in whole or in part - without undo interference.
Fast-Track(ing)
Technical Specifications
Substantial Completion
Performance Bond
35. Also: Field CM; Level 3 Manager; Level 3 Person; Superintendent - Site Manager A person designated by the CM firm to interface with the owner's and A/E's representatives on the project team at the third management level. A person located at the site
Record Drawings
RFP (Request For Proposal)
Approved Bidders List
Field Construction Manager
36. Term that refers to the General Conditions and the Supplementary and Special Conditions of the contract for construction.
Escrow Account
General Contractor
Conditions of the Contract
Design-Build (D-B) Contracting
37. Also: Mechanic's Lien The right to take - hold - or sell the property of a debtor as security or payment for a debt.
Contract Document Phase
Estimated Cost to Complete
Lien
Shop Drawings
38. The target cost figure covering the construction phase of a project. It includes the cost of contracts with trade contractors - construction support items other purchased labor - material and equipment - and the construction manager's cost but not th
Escrow Account
Construction Budget
Letter of Intent
Bid Depository
39. Check: Notice of Award; Notice to Proceed A notice from an owner to a contractor stating that a contract will be awarded to the contractor providing certain events occur or specific conditions are met by the contractor.
Budget Estimate
Superintendent
Contract Document Phase
Letter of Intent
40. A contract structure where both design and construction responsibility are vested in a single contractor.
Notice to Proceed
Final Design Phase
Drawings
Design-Build (D-B) Contracting
41. The date on which a contractor reaches a point of completion - when subsequent interfacing contractors can productively begin work or the owner can occupy the project - in whole or in part - without undo interference.
Changed Conditions
RFP (Request For Proposal)
Substantial Completion
Final Design Phase
42. A form of the CM system where the construction manager guarantees - in addition to providing ACM services - a ceiling price to the owner for the cost of construction.
Guaranteed Maximum Price CM (GMPCM)
Clerk-of-the-Work
Prime Contract
Direct Material Costs
43. Partial payments on a contractor's contract amount - periodically paid by the owner for work accomplished by the contractor to date.
Field Construction Manager
Progress Payment
Chart of Accounts
Budget Estimate
44. Material and equipment required for construction which have delivery dates too far in the future to be included in a contractor's contract at bid time. They are pre-purchased directly by the owner.
Long-Lead Time
Approved Changes
Project Meeting
Long-Lead Items
45. A schedule of milestones spanning from the start of construction to occupancy - used as the main measure of progress to keep the project on schedule.
Reimbursable Expense
Field Construction Manager
Progress Meeting
Milestone Schedule
46. Also: As Builts; Check: Record Drawings Drawings produced during or after construction and amended to show the exact location - geometry - and dimensions of the constructed project. As-Built Drawings are not the same as Record Drawings.
Sub-subcontractor
Occupancy Phase
As-Built Drawings
Warranty
47. The list of contractors that have survived prequalification tests.
Direct Costs
Estimated Cost to Complete
Completion Schedule
Approved Bidders List
48. Selected strategic events of signal importance to progress used in the milestone schedule.
Substantial Completion
Construction Budget
Project Team
Milestone
49. Check: Labor and Material Bond; Surety A guarantee provided by a surety to complete a project according to the terms of the contract documents in the event that the bonded contractor defaults on the contract or to pay the owner the face value of the
As-Built Drawings
apparent Low Bidder
Contingencies
Performance Bond
50. Also: Field CM; Level 3 Manager; Level 3 Person; Superintendent - Site Manager A person designated by the CM firm to interface with the owner's and A/E's representatives on the project team at the third management level. A person located at the site
Field Construction Manager
Value Engineering
Changed Conditions
Project Team