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Construction Management

Instructions:
  • Answer 50 questions in 15 minutes.
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  • 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. Money put into the custody of the third party by the first party for disbursement tot the second party. A brief temporary depository for progress payments until authorized for release according to the depositor's explicit instructions.






2. 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.






3. An estimate of the cost still to be expended on a work-scope in order to complete it. The difference between the Cost to Date and the Estimated Final Cost.






4. 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.






5. Also: Errors and Omissions Insurance Insurance provided by design professionals and construction managers that protects the owner against the financial results of negligent acts by the insured.






6. See: Start-up; Beneficial Occupancy The process at or near construction completion when a facility is tried out (put into use) to see if it functions as designed. Usually applied to manufacturing type projects.






7. 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.






8. A contract structure where both design and construction responsibility are vested in a single contractor.






9. All required phases prior to the start of construction.






10. 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






11. Also: Mechanic's Lien The right to take - hold - or sell the property of a debtor as security or payment for a debt.






12. A contract structure where both design and construction responsibility are vested in a single contractor.






13. 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.






14. Also: Construction Team; Check: Program Team Consists of the architect/engineer - construction manager - and owner - represented by their Level 1 - 2 - and 3 Persons - plus the designated leaders of contracted constructors.






15. 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.






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






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






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






19. An individual employed by an owner to represent him on a project at the site of the work. The clerk-of- the-work's abilities - credentials - and responsibilities vary at the discretion of the owner.






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






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






22. The designation used by engineers for the last portion of the design process prior to bidding.






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






24. Also: Site Coordination Meeting - Coordination meeting A meeting dedicated essentially to contractor progress during the construction phase.






25. 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.






26. 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






27. 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






28. Check: Commissioning; Beneficial Occupancy The period prior to owner occupancy when mechanical - electrical - and other systems are activated and the owner's operating and maintenance staff are instructed in their use.






29. 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.






30. 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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31. 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.






32. A firm or business organization with the expertise and resources to manage the design - contracting - and construction aspects of project delivery. Individuals who work for a CM Firm are also referred to as Construction Managers.






33. The costs directly attributed to a work-scope - such as labor - material - equipment - and subcontracts but not he cost of operations overhead and the labor - material - equipment - and subcontracts expended in support of the undertaking.






34. The designation used by engineers for the last portion of the design process prior to bidding.






35. The costs directly attributed to a work-scope - such as labor - material - equipment - and subcontracts but not he cost of operations overhead and the labor - material - equipment - and subcontracts expended in support of the undertaking.






36. Costs accruing from expended labor excluding the bonus portion of overtime - insurances - and payroll taxes.






37. A contractor who has a contract with a prime contractor.






38. 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.






39. The final phase of design on an architectural project when construction documents are completed and bidding documents formulated.






40. A contractor who has a contract with a subcontractor.






41. 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.






42. The final phase of design on an architectural project when construction documents are completed and bidding documents formulated.






43. Costs accruing from expended labor excluding the bonus portion of overtime - insurances - and payroll taxes.






44. A contract held by an owner.






45. 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.






46. 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.






47. 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






48. Also: Supplementary Conditions Amendments to the General Conditions that change standard requirements to unique requirements - appropriate for a specific project.






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






50. Line-item amounts in the project budget - dedicated to specific cost areas where oversight is an inherent problem in project delivery.