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Construction Management
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Subjects
:
industries
,
construction
,
business-skills
Instructions:
Answer 50 questions in 15 minutes.
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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 job title usually reserved for the administrative level person who supervises the work of an on-site contractor .
Conditions of the Contract
Superintendent
Subcontractor
Lump Sum Fee
2. 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.
Lump Sum Fee
Estimated Final Cost
Guaranteed Maximum Price CM (GMPCM)
Schedule of Values
3. A contractor who has a contract with a prime contractor.
Subcontractor
Guaranteed Maximum Price CM (GMPCM)
Construction Documents
Specifications
4. A fixed dollar amount which includes all costs of services including overhead and profit.
CM Services
Lump Sum Fee
Changed Conditions
Commissioning
5. A binding offer - usually expressed in dollars to provide specific services within clearly stated requirements.
Guaranteed Maximum Price CM (GMPCM)
Prime Contract
Bid
Substantial Completion
6. The term used on architectural projects to describe the transitional phase from the Schematic Phase to the Contract Document during design.
Notice of Award
Specifications
Design Development Phase
Technical Specifications
7. Drawings - technical specification - and addenda; the contract documents that refer to the physical construction requirements established by the A/E.
Progress Meeting
Fast-Track(ing)
Construction Documents
Contract Document Phase
8. 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.
Start-Up
Escrow Account
Progress Payment
Preconstruction Phase
9. The time between the purchase date and delivery date of long-lead items.
Long-Lead Time
Guaranteed Maximum Price CM (GMPCM)
Fast-Track(ing)
Project Budget
10. A technical review process; the close matching of engineering design to the value an owner derives from the design.
Technical Specifications
Labor and Material Bond
Final Design Phase
Value Engineering
11. The bidder who has submitted the lowest competitive proposal as determined by a cursory examination of the bids submitted.
Occupancy Phase
Preconstruction Phase
apparent Low Bidder
Bid Bond
12. Detailed statements covering procedures - and quantitative and qualitative and qualitative information pertaining to material - products - and equipment to be incorporated into a project.
Contract Document Phase
Specifications
Reimbursable Expense
General Conditions (of the Contract for Construction)
13. 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.
Warranty
CM Services
Superintendent
Notice to Proceed
14. 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
As-Built Drawings
Subcontractor
Drawings
Construction Budget
15. 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
Construction Management
RFP (Request For Proposal)
Project Budget
Construction Documents
16. Also: Mechanic's Lien The right to take - hold - or sell the property of a debtor as security or payment for a debt.
Project Meeting
Approved Changes
Lien
Project Manual
17. 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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18. 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.
Field Construction Manager
Schedule of Values
Subcontractor
Bid
19. Also: Supplementary Conditions Amendments to the General Conditions that change standard requirements to unique requirements - appropriate for a specific project.
Special Conditions
Subcontractor
Start-Up
Occupancy Phase
20. 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.
Chart of Accounts
Letter of Intent
Change Order
Labor and Material Bond
21. 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.
Sub-subcontractor
Contingencies
Claim
Construction Manager
22. 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
Contract Document Phase
Field Construction Manager
Change Order
Fast-Track(ing)
23. The cost of purchasing - installing - owning - operating - and maintaining a construction element over the life of the facility.
Long-Lead Items
Estimated Final Cost
Life-Cycle Cost
Substantial Completion
24. 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.
Performance Bond
Long-Lead Items
Contract Document Phase
Milestone Schedule
25. 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.
Letter of Intent
Estimated Final Cost
Substantial Completion
Final Completion
26. 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.
Chart of Accounts
Professional Liability Insurance
Field Construction Manager
Milestone
27. The time between the purchase date and delivery date of long-lead items.
Lump Sum Fee
Progress Payment
Specifications
Design Development Phase
28. 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
Claim
Technical Specifications
Shop Drawings
29. 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.
Long-Lead Time
RFP (Request For Proposal)
Bid Bond
Notice to Proceed
30. 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.
Direct Material Costs
Lump Sum Fee
Escrow Account
Project Meeting
31. Also: Product Data; Samples Detailed information provided by material and equipment suppliers demonstrating that the item provided meets the requirements of the contract documents.
Specifications
Drawings
As-Built Drawings
Shop Drawings
32. Detailed statements covering procedures - and quantitative and qualitative and qualitative information pertaining to material - products - and equipment to be incorporated into a project.
Lump Sum Fee
Specifications
Milestone
Bid Depository
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.
Schematic Design Phase
Escrow Account
Direct Labor Costs
apparent Low Bidder
34. A job title usually reserved for the administrative level person who supervises the work of an on-site contractor .
Design-Build (D-B) Contracting
Superintendent
Guaranteed Maximum Price CM (GMPCM)
Preconstruction Phase
35. The designation used by engineers for the last portion of the design process prior to bidding.
CM Services
Budget Estimate
Final Design Phase
Conditions of the Contract
36. Costs accruing from expended labor excluding the bonus portion of overtime - insurances - and payroll taxes.
Life-Cycle Cost
CM Services
Direct Material Costs
Construction Documents
37. 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.
General Conditions (of the Contract for Construction)
Estimated Final Cost
Preliminary Design Phase
Value Engineering
38. 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.
General Conditions (of the Contract for Construction)
Conditions of the Contract
Long-Lead Time
Bid Depository
39. The time between the purchase date and delivery date of long-lead items.
Clerk-of-the-Work
RFP (Request For Proposal)
Long-Lead Time
Bid Bond
40. Written criteria that augment the drawings pertaining to the technical construction of the project that cannot be conveniently included on the plans.
Escrow Account
Notice to Proceed
Contract Documents
Technical Specifications
41. A business entity that provides independent contractor services to owners through the use of subcontractors when using the general contracting system.
Pre-design Phase
General Contractor
Progress Payment
Final Design Phase
42. 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
Start-Up
RFP (Request For Proposal)
Clerk-of-the-Work
43. The point at which both parties to a contract declare the other has satisfactorily completed its responsibilities under the contract.
General Conditions (of the Contract for Construction)
Bid Bond
Design-Build (D-B) Contracting
Final Completion
44. The documents which collectively form the contract between the contractor and the owner. They consist of the bidding documents less bidding information plus pre-award addenda and post-award Change Orders.
Warranty
Preconstruction Phase
Design Development Phase
Contract Documents
45. 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.
Start-Up
Subcontractor
Checks and Balances
Performance Bond
46. A fixed dollar amount which includes all costs of services including overhead and profit.
Field Construction Manager
Lump Sum Fee
Change Order
Pre-design Phase
47. A contractor who has a contract with a subcontractor.
Fast-Track(ing)
Sub-subcontractor
Construction Budget
Budget Estimate
48. Line-item amounts in the project budget - dedicated to specific cost areas where oversight is an inherent problem in project delivery.
Change Order
Design Development Phase
Warranty
Contingencies
49. 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
Construction Schedule
Direct Material Costs
Notice to Proceed
50. 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.
Chart of Accounts
Checks and Balances
Start-Up
Direct Labor Costs
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