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Construction Management

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. 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.






2. A physical location where trade contractor proposals are fled the day before general contractor bids are to be received by an owner for pickup - opening - acceptance - or rejection by general contractors bidding the owner's project.






3. A business entity that provides independent contractor services to owners through the use of subcontractors when using the general contracting system.






4. Also: Product Data; Samples Detailed information provided by material and equipment suppliers demonstrating that the item provided meets the requirements of the contract documents.






5. Partial payments on a contractor's contract amount - periodically paid by the owner for work accomplished by the contractor to date.






6. A contractor that provides design and construction services under a single responsibility contract to an owner .






7. 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






8. 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






9. 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.






10. Selected strategic events of signal importance to progress used in the milestone schedule.






11. A formal notice sent by a contractor to an owner asserting the fact that the terms of the contract have been breached and compensation is being sought by the contractor from the owner.






12. Also: Contract Modification The document that alters the contract amount - contract time - or contract requirements of the original contract entered into by the owner and a contractor.






13. Also: Occupancy Schedule A schedule of the activities and events required to effect occupancy or the use of a facility for its intended purpose. It is used to determine if construction progress will meet the occupancy date.






14. Check: Letter of Intent; Notice to Proceed A letter from an owner to a contractor stating that a contract has been awarded to the contractor and a contract will be forthcoming.






15. 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.






16. Also: Concealed Conditions; Latent Conditions Conditions or circumstances - physical or otherwise - which surface after a contract has been signed and which alter the circumstances or conditions on which the contract is based.






17. The term used on architectural projects to describe the transitional phase from the Schematic Phase to the Contract Document during design.






18. The initial Design Phase on an architectural project when the A/E delineates the owner's needs in a general way.






19. 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.






20. Also: Detailed Construction Schedule A graphic - tabular or narrative representation or depiction of the construction portion of the project- delivery process - showing activities and durations or activities in sequential order.






21. Also: Contract Modification The document that alters the contract amount - contract time - or contract requirements of the original contract entered into by the owner and a contractor.






22. 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.






23. Also: Feasibility Phase The phase prior to the start of design.






24. Servicing the interactive provisions in the contracts for construction between the owner and the contractor(s).






25. A contractor that provides design and construction services under a single responsibility contract to an owner .






26. Also: Feasibility Phase The phase prior to the start of design.






27. 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






28. 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.






29. The second request for uniform detailed information from prospective CM practitioners being screened for a project.






30. The breakdown of a lump sum price into sub-items and sub-costs for identifiable construction elements - which can be evaluated by examination for contractor progress payment purposes.






31. 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






32. The initial Design Phase on an architectural project when the A/E delineates the owner's needs in a general way.






33. 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






34. The point at which both parties to a contract declare the other has satisfactorily completed its responsibilities under the contract.






35. 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






36. 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.






37. A technical review process; the close matching of engineering design to the value an owner derives from the design.






38. 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.






39. 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.






40. A binding offer - usually expressed in dollars to provide specific services within clearly stated requirements.






41. The time between the purchase date and delivery date of long-lead items.






42. Term that refers to the General Conditions and the Supplementary and Special Conditions of the contract for construction.






43. 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.






44. An estimate of cost based on rough or incomplete information - with a stated degree of accuracy. The more information available - the more accurate the estimate. Loosely called a 'ballpark' estimate.






45. Also: Product Data; Samples Detailed information provided by material and equipment suppliers demonstrating that the item provided meets the requirements of the contract documents.






46. An agreement by which a party accepts responsibility for fulfilling an obligation.






47. 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.






48. A fixed dollar amount which includes all costs of services including overhead and profit.






49. The scope of services provided by a construction manager and available to owners in whole or in part. CM services are not consistent in scope or performance from one CM firm to another.






50. A contract held by an owner.