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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. 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.
Direct Material Costs
Contract Documents
Estimated Final Cost
Escrow Account
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.
Chart of Accounts
Bid Depository
Letter of Intent
Notice to Proceed
3. A business entity that provides independent contractor services to owners through the use of subcontractors when using the general contracting system.
General Contractor
Schematic Design Phase
Milestone Schedule
RFP (Request For Proposal)
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.
Chart of Accounts
Occupancy Phase
Construction Manager
Shop Drawings
5. Partial payments on a contractor's contract amount - periodically paid by the owner for work accomplished by the contractor to date.
Project Manual
Preliminary Design Phase
Design Development Phase
Progress Payment
6. A contractor that provides design and construction services under a single responsibility contract to an owner .
Design-Build (D-B) Contractor
Chart of Accounts
Labor and Material Bond
Preliminary Design Phase
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
Bid Bond
Claim
Progress Meeting
Construction Budget
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
Final Design Phase
Construction Budget
Lump Sum Fee
Start-Up
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.
Substantial Completion
Guarantee
Life-Cycle Cost
Construction Manager
10. Selected strategic events of signal importance to progress used in the milestone schedule.
Drawings
Milestone
Fast-Track(ing)
Project Team
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.
RFP (Request For Proposal)
Claim
Milestone Schedule
Substantial Completion
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.
Change Order
Project Manual
Clerk-of-the-Work
Checks and Balances
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.
Completion Schedule
Prime Contract
Lump Sum Fee
Preconstruction Phase
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.
Notice to Proceed
Guarantee
Drawings
Notice of Award
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.
Letter of Intent
Change Order
Construction Management
Chart of Accounts
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.
Changed Conditions
Substantial Completion
Construction Manager
Guaranteed Maximum Price CM (GMPCM)
17. The term used on architectural projects to describe the transitional phase from the Schematic Phase to the Contract Document during design.
Design-Build (D-B) Contracting
Bid Depository
Guarantee
Design Development Phase
18. The initial Design Phase on an architectural project when the A/E delineates the owner's needs in a general way.
CM Services
Schematic Design Phase
Design-Build (D-B) Contracting
Lump Sum Fee
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.
Guarantee
Owner's Representative
Letter of Intent
Notice of Award
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.
Subcontractor
Changed Conditions
Construction Schedule
Performance Bond
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.
Final Design Phase
Change Order
General Contractor
Contingencies
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.
Lump Sum Fee
Chart of Accounts
Subcontractor
Design-Build (D-B) Contractor
23. Also: Feasibility Phase The phase prior to the start of design.
Special Conditions
Pre-design Phase
Substantial Completion
Subcontractor
24. Servicing the interactive provisions in the contracts for construction between the owner and the contractor(s).
Contract Administration
Final Completion
Pre-design Phase
Project Team
25. A contractor that provides design and construction services under a single responsibility contract to an owner .
Professional Liability Insurance
Design-Build (D-B) Contractor
Claim
Checks and Balances
26. Also: Feasibility Phase The phase prior to the start of design.
Preconstruction Phase
Pre-design Phase
Design-Build (D-B) Contracting
Guaranteed Maximum Price CM (GMPCM)
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
Performance Bond
Guarantee
Approved Changes
Schedule of Values
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.
Bid
Notice of Award
Notice to Proceed
Letter of Intent
29. The second request for uniform detailed information from prospective CM practitioners being screened for a project.
Start-Up
RFP (Request For Proposal)
Milestone Schedule
Record Drawings
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.
Prime Contract
Life-Cycle Cost
Construction Management
Schedule of Values
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
Bid Bond
Warranty
Guarantee
Drawings
32. The initial Design Phase on an architectural project when the A/E delineates the owner's needs in a general way.
Lien
Estimated Final Cost
Approved Changes
Schematic Design Phase
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
Field Construction Manager
Design-Build (D-B) Contractor
Claim
Contract Documents
34. The point at which both parties to a contract declare the other has satisfactorily completed its responsibilities under the contract.
Notice of Award
Final Completion
Reimbursable Expense
Lien
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
Warranty
Changed Conditions
Bid Bond
Contract Documents
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.
Long-Lead Items
Approved Bidders List
Prime Contract
Milestone
37. A technical review process; the close matching of engineering design to the value an owner derives from the design.
Value Engineering
Occupancy Phase
Milestone Schedule
Owner's Representative
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.
Milestone Schedule
Design-Build (D-B) Contracting
Field Construction Manager
Drawings
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.
Project Meeting
Record Drawings
Critical Path(s)
Bid
40. A binding offer - usually expressed in dollars to provide specific services within clearly stated requirements.
Bid Depository
Project Team
Guaranteed Maximum Price CM (GMPCM)
Bid
41. The time between the purchase date and delivery date of long-lead items.
Conditions of the Contract
Project Meeting
Lump Sum Fee
General Conditions (of the Contract for Construction)
42. Term that refers to the General Conditions and the Supplementary and Special Conditions of the contract for construction.
Conditions of the Contract
Guarantee
Professional Liability Insurance
Design-Build (D-B) Contractor
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.
Contract Documents
Reimbursable Expense
Critical Path(s)
Design-Build (D-B) Contracting
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.
Change Order
Approved Bidders List
Budget Estimate
Construction Budget
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.
Direct Labor Costs
Shop Drawings
Drawings
Lump Sum Fee
46. An agreement by which a party accepts responsibility for fulfilling an obligation.
Prime Contract
Construction Manager
Guarantee
Approved Changes
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.
Budget Estimate
General Conditions (of the Contract for Construction)
Design-Build (D-B) Contracting
Budget Estimate
48. A fixed dollar amount which includes all costs of services including overhead and profit.
Bid
Lump Sum Fee
Notice of Award
Approved Bidders List
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.
Construction Management
Guarantee
As-Built Drawings
CM Services
50. A contract held by an owner.
Guarantee
Field Construction Manager
Prime Contract
Approved Changes