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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. A contract held by an owner.
Conditions of the Contract
Prime Contract
Fast-Track(ing)
Lump Sum Fee
2. 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.
Notice to Proceed
Project Manual
Final Design Phase
CM Services
3. The final phase of design on an architectural project when construction documents are completed and bidding documents formulated.
Contract Document Phase
Bid Bond
Construction Schedule
Sub-subcontractor
4. A job title usually reserved for the administrative level person who supervises the work of an on-site contractor .
Preliminary Design Phase
Bid
Construction Budget
Superintendent
5. 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
Progress Payment
Project Budget
Contract Document Phase
As-Built Drawings
6. Partial payments on a contractor's contract amount - periodically paid by the owner for work accomplished by the contractor to date.
Superintendent
Letter of Intent
Milestone
Progress Payment
7. A contractor who has a contract with a prime contractor.
Subcontractor
Specifications
Labor and Material Bond
Substantial Completion
8. 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.
General Conditions (of the Contract for Construction)
Contract Document Phase
Lien
Claim
9. Applies to engineering projects; the initial design effort following signing of the owner; engineer agreement. It is followed by the Final Design Phase.
Warranty
Design-Build (D-B) Contracting
Preliminary Design Phase
Notice to Proceed
10. 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.
Subcontractor
CM Services
Guarantee
Escrow Account
11. 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.
As-Built Drawings
Long-Lead Time
Reimbursable Expense
Project Manual
12. 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.
Progress Payment
Estimated Cost to Complete
Conditions of the Contract
CM Services
13. Check: CM Project Manual Written information that augments the drawings. The Project Manual contains the General Conditions - Supplementary and Special Conditions - the Form of Contract - Addenda - Change Orders - Bidding Information and Proposal For
Project Manual
Contract Documents
Construction Management
Substantial Completion
14. 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.
Escrow Account
Direct Labor Costs
CM Services
Construction Manager
15. A person assigned to a project to represent the owner on the project team at one to the three management levels.
16. 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.
Construction Schedule
Escrow Account
Value Engineering
Lien
17. A contract held by an owner.
Claim
Prime Contract
Construction Budget
Direct Costs
18. 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
Field Construction Manager
Substantial Completion
Construction Budget
Construction Manager
19. 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
Construction Budget
Claim
Construction Schedule
Shop Drawings
20. Also: Supplementary Conditions Amendments to the General Conditions that change standard requirements to unique requirements - appropriate for a specific project.
Schematic Design Phase
Special Conditions
CM Services
Long-Lead Items
21. 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.
Drawings
Record Drawings
Approved Bidders List
Commissioning
22. A contractor who has a contract with a subcontractor.
Contract Document Phase
Final Design Phase
Sub-subcontractor
Lien
23. 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
Subcontractor
Occupancy Phase
Pre-design Phase
Design-Build (D-B) Contractor
24. The list of contractors that have survived prequalification tests.
Technical Specifications
Notice of Award
General Contractor
Approved Bidders List
25. 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.
Checks and Balances
Direct Costs
Changed Conditions
Change Order
26. 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.
Budget Estimate
Reimbursable Expense
Construction Manager
Milestone Schedule
27. A technical review process; the close matching of engineering design to the value an owner derives from the design.
Long-Lead Items
Fast-Track(ing)
Value Engineering
Shop Drawings
28. Line-item amounts in the project budget - dedicated to specific cost areas where oversight is an inherent problem in project delivery.
Chart of Accounts
Contingencies
Estimated Cost to Complete
Special Conditions
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.
Project Team
Chart of Accounts
Project Meeting
Construction Documents
30. The term used to describe the use of the overlapping expertise of each team member during team decision making.
Long-Lead Time
Approved Bidders List
Budget Estimate
Checks and Balances
31. An agreement by which a party accepts responsibility for fulfilling an obligation.
Contract Document Phase
Guarantee
Drawings
Sub-subcontractor
32. Detailed statements covering procedures - and quantitative and qualitative and qualitative information pertaining to material - products - and equipment to be incorporated into a project.
Pre-design Phase
Specifications
Estimated Final Cost
Substantial Completion
33. 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.
Estimated Final Cost
Record Drawings
Guaranteed Maximum Price CM (GMPCM)
Changed Conditions
34. 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.
Progress Payment
Bid Depository
Escrow Account
Letter of Intent
35. A business entity that provides independent contractor services to owners through the use of subcontractors when using the general contracting system.
General Contractor
Occupancy Phase
Construction Budget
Project Meeting
36. A contractor who has a contract with a subcontractor.
Direct Material Costs
Sub-subcontractor
Direct Costs
Clerk-of-the-Work
37. 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.
Pre-design Phase
Design-Build (D-B) Contractor
Milestone Schedule
Notice to Proceed
38. Drawings - technical specification - and addenda; the contract documents that refer to the physical construction requirements established by the A/E.
Start-Up
Prime Contract
Construction Documents
General Conditions (of the Contract for Construction)
39. 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.
Long-Lead Time
Direct Labor Costs
Escrow Account
Direct Costs
40. Selected strategic events of signal importance to progress used in the milestone schedule.
Project Manual
Reimbursable Expense
Milestone
Special Conditions
41. 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.
Clerk-of-the-Work
Construction Documents
Long-Lead Items
Special Conditions
42. 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.
As-Built Drawings
Claim
Chart of Accounts
Design-Build (D-B) Contractor
43. The time between the purchase date and delivery date of long-lead items.
Long-Lead Time
Schedule of Values
Bid
Construction Documents
44. 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.
Professional Liability Insurance
Lump Sum Fee
Final Design Phase
Project Budget
45. Changes of any nature in contract requirements which have been agreed upon through a change approval process and approved by the owner.
Schematic Design Phase
Approved Changes
Substantial Completion
Labor and Material Bond
46. 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.
CM Services
Milestone Schedule
Owner's Representative
Guaranteed Maximum Price CM (GMPCM)
47. A contract structure where both design and construction responsibility are vested in a single contractor.
Project Manual
Design-Build (D-B) Contracting
Superintendent
Bid Depository
48. 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
Construction Budget
Performance Bond
Estimated Cost to Complete
Schedule of Values
49. 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.
Budget Estimate
Professional Liability Insurance
Contract Documents
Completion Schedule
50. 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
Checks and Balances
Estimated Final Cost
Project Meeting