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Test your basic knowledge |
Construction Management
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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. 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.
Direct Labor Costs
Bid Depository
Changed Conditions
Substantial Completion
2. 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.
Project Budget
General Conditions (of the Contract for Construction)
Bid Bond
Construction Documents
3. All required phases prior to the start of construction.
Preconstruction Phase
Approved Bidders List
Milestone
Lien
4. 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.
Performance Bond
Direct Labor Costs
Special Conditions
Fast-Track(ing)
5. 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 Budget
Contingencies
Guaranteed Maximum Price CM (GMPCM)
Construction Documents
6. 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.
Project Manual
Substantial Completion
Occupancy Phase
Construction Schedule
7. 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
Performance Bond
Progress Payment
Contingencies
Critical Path(s)
8. 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.
Approved Changes
Guaranteed Maximum Price CM (GMPCM)
Final Completion
Professional Liability Insurance
9. Also: Supplementary Conditions Amendments to the General Conditions that change standard requirements to unique requirements - appropriate for a specific project.
Long-Lead Items
Direct Material Costs
Special Conditions
As-Built Drawings
10. The list of contractors that have survived prequalification tests.
Contingencies
Design-Build (D-B) Contracting
Approved Bidders List
apparent Low Bidder
11. 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.
Start-Up
Life-Cycle Cost
Project Manual
Letter of Intent
12. The list of contractors that have survived prequalification tests.
Construction Management
Approved Bidders List
Conditions of the Contract
Bid
13. 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
Project Budget
General Contractor
Warranty
Design Development Phase
14. 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
Final Completion
Contingencies
Estimated Cost to Complete
Bid Bond
15. Term that refers to the General Conditions and the Supplementary and Special Conditions of the contract for construction.
Technical Specifications
Critical Path(s)
Changed Conditions
Conditions of the Contract
16. 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
Long-Lead Items
Bid Bond
Letter of Intent
Changed Conditions
17. 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.
Value Engineering
Approved Bidders List
Project Manual
Change Order
18. 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.
Guaranteed Maximum Price CM (GMPCM)
Notice of Award
Estimated Cost to Complete
Checks and Balances
19. Check: As-Built Drawings A set of contract document drawings - marked up as construction proceeds - which show the exact location - geometry - and dimensions of all elements of the constructed project as installed.
Milestone Schedule
Record Drawings
Notice to Proceed
Lump Sum Fee
20. 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.
Owner's Representative
Completion Schedule
Budget Estimate
Schedule of Values
21. The term used on architectural projects to describe the transitional phase from the Schematic Phase to the Contract Document during design.
Labor and Material Bond
RFP (Request For Proposal)
Record Drawings
Design Development Phase
22. Also: Product Data; Samples Detailed information provided by material and equipment suppliers demonstrating that the item provided meets the requirements of the contract documents.
Chart of Accounts
Construction Documents
Occupancy Phase
Shop Drawings
23. 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.
Clerk-of-the-Work
Lump Sum Fee
Construction Documents
Change Order
24. All required phases prior to the start of construction.
Chart of Accounts
Preconstruction Phase
Value Engineering
Superintendent
25. 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.
Project Meeting
Reimbursable Expense
Life-Cycle Cost
Final Completion
26. Servicing the interactive provisions in the contracts for construction between the owner and the contractor(s).
Contingencies
Contract Administration
Notice to Proceed
CM Services
27. The designation used by engineers for the last portion of the design process prior to bidding.
Final Design Phase
Design Development Phase
Bid Bond
Special Conditions
28. 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.
Conditions of the Contract
Project Budget
Subcontractor
Change Order
29. Costs accruing from expended labor excluding the bonus portion of overtime - insurances - and payroll taxes.
Direct Material Costs
Change Order
Contingencies
Budget Estimate
30. The bidder who has submitted the lowest competitive proposal as determined by a cursory examination of the bids submitted.
Long-Lead Time
apparent Low Bidder
Life-Cycle Cost
Milestone Schedule
31. 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.
Bid Bond
Project Team
Start-Up
Superintendent
32. A business entity that provides independent contractor services to owners through the use of subcontractors when using the general contracting system.
General Contractor
Estimated Cost to Complete
Final Design Phase
Project Team
33. 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.
Completion Schedule
Prime Contract
Construction Budget
Bid
34. A job title usually reserved for the administrative level person who supervises the work of an on-site contractor .
Superintendent
General Conditions (of the Contract for Construction)
Labor and Material Bond
Milestone
35. 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.
Long-Lead Items
Special Conditions
Letter of Intent
Project Team
36. 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.
Bid Depository
Contract Document Phase
Specifications
Estimated Cost to Complete
37. A contract held by an owner.
Lien
Subcontractor
Prime Contract
Estimated Final Cost
38. 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
Preconstruction Phase
Bid Bond
Estimated Cost to Complete
Field Construction Manager
39. Also: Warranty/Guarantee Phase; Warranty Phase; Guarantee Phase A stipulated length of time following the construction phase - during which contractors are bonded to ensure that materials - equipment - and workmanship meet the requirements of their c
Direct Material Costs
Construction Documents
Letter of Intent
Occupancy Phase
40. Also: Guarantee Assurance by a providing party that the work - material - and equipment under warranty will perform as promised or as required by contract.
Construction Documents
Warranty
Start-Up
Approved Changes
41. 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.
Notice of Award
Project Manual
Escrow Account
Field Construction Manager
42. 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
Shop Drawings
Guarantee
Pre-design Phase
43. 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.
Approved Changes
Conditions of the Contract
Construction Budget
Milestone Schedule
44. Check: Surety; Performance Bond A guarantee provided by a surety to pay claims against the owner from contractors and suppliers who have not been paid for labor - material - and equipment incorporated into the project.
Construction Manager
Completion Schedule
Specifications
Labor and Material Bond
45. The designation used by engineers for the last portion of the design process prior to bidding.
Direct Costs
Final Design Phase
Record Drawings
RFP (Request For Proposal)
46. 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.
Commissioning
Progress Meeting
Contract Administration
Subcontractor
47. A fixed dollar amount which includes all costs of services including overhead and profit.
Life-Cycle Cost
Chart of Accounts
Lump Sum Fee
Checks and Balances
48. The time between the purchase date and delivery date of long-lead items.
apparent Low Bidder
Lump Sum Fee
Project Meeting
As-Built Drawings
49. A contractor that provides design and construction services under a single responsibility contract to an owner .
Subcontractor
Project Meeting
Contract Administration
Design-Build (D-B) Contractor
50. A fixed dollar amount which includes all costs of services including overhead and profit.
Drawings
Project Budget
Lump Sum Fee
Subcontractor