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Construction Management

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 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.






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






3. 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






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






5. 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.






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






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






8. 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.






9. Also: Guarantee Assurance by a providing party that the work - material - and equipment under warranty will perform as promised or as required by contract.






10. 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.






11. 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.






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






13. 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






14. 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.






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






16. A business entity that provides independent contractor services to owners through the use of subcontractors when using the general contracting system.






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






18. 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.






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






20. 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.






21. 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.






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.






23. 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






24. 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.






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






26. 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.






27. 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






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






29. Term that refers to the General Conditions and the Supplementary and Special Conditions of the contract for construction.






30. 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






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 professional service that applies effective management techniques to the planning - design - and construction of a project form inception to completion for the purpose of controlling time - cost and quality. (As approved by CMAA) OR A project deliv






33. Also: Guarantee Assurance by a providing party that the work - material - and equipment under warranty will perform as promised or as required by contract.






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






35. Selected strategic events of signal importance to progress used in the milestone schedule.






36. Applies to engineering projects; the initial design effort following signing of the owner; engineer agreement. It is followed by the Final Design Phase.






37. 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.






38. Also: Feasibility Phase The phase prior to the start of design.






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.






40. 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.






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.






42. A technical review process; the close matching of engineering design to the value an owner derives from the design.






43. 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






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






45. 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.






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






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






48. The bidder who has submitted the lowest competitive proposal as determined by a cursory examination of the bids submitted.






49. An agreement by which a party accepts responsibility for fulfilling an obligation.






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