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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. The second request for uniform detailed information from prospective CM practitioners being screened for a project.
Critical Path(s)
Special Conditions
RFP (Request For Proposal)
Approved Changes
2. An agreement by which a party accepts responsibility for fulfilling an obligation.
Escrow Account
Contract Document Phase
Guarantee
Estimated Cost to Complete
3. A technical review process; the close matching of engineering design to the value an owner derives from the design.
Project Team
Value Engineering
Preconstruction Phase
As-Built Drawings
4. 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.
Technical Specifications
Design-Build (D-B) Contracting
apparent Low Bidder
Reimbursable Expense
5. Costs accruing from expended labor excluding the bonus portion of overtime - insurances - and payroll taxes.
Construction Management
Contingencies
Labor and Material Bond
Direct Material Costs
6. Applies to engineering projects; the initial design effort following signing of the owner; engineer agreement. It is followed by the Final Design Phase.
Budget Estimate
Preliminary Design Phase
Project Budget
Project Team
7. The designation used by engineers for the last portion of the design process prior to bidding.
Final Design Phase
Bid
apparent Low Bidder
Progress Meeting
8. 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.
Performance Bond
Drawings
Substantial Completion
Technical Specifications
9. 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.
Professional Liability Insurance
Reimbursable Expense
Guaranteed Maximum Price CM (GMPCM)
Approved Changes
10. 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.
Construction Manager
Bid Depository
Specifications
Start-Up
11. A job title usually reserved for the administrative level person who supervises the work of an on-site contractor .
CM Services
Occupancy Phase
Superintendent
Start-Up
12. 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.
Direct Costs
Chart of Accounts
Milestone
Escrow Account
13. 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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14. The term used on architectural projects to describe the transitional phase from the Schematic Phase to the Contract Document during design.
Contingencies
Approved Changes
Letter of Intent
Design Development Phase
15. A business entity that provides independent contractor services to owners through the use of subcontractors when using the general contracting system.
Professional Liability Insurance
Labor and Material Bond
General Contractor
Life-Cycle Cost
16. Also: Mechanic's Lien The right to take - hold - or sell the property of a debtor as security or payment for a debt.
Lien
Reimbursable Expense
Chart of Accounts
Life-Cycle Cost
17. 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.
Pre-design Phase
Contract Documents
Construction Manager
Letter of Intent
18. 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.
Warranty
Construction Manager
Occupancy Phase
General Conditions (of the Contract for Construction)
19. The list of contractors that have survived prequalification tests.
Approved Bidders List
Claim
Critical Path(s)
Specifications
20. 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.
As-Built Drawings
Value Engineering
Change Order
Budget Estimate
21. A contract held by an owner.
Direct Material Costs
Prime Contract
Professional Liability Insurance
Preconstruction Phase
22. 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.
apparent Low Bidder
Field Construction Manager
Claim
Budget Estimate
23. 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
Bid
Life-Cycle Cost
Life-Cycle Cost
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.
Long-Lead Items
Technical Specifications
Progress Meeting
Direct Labor Costs
25. Also: Site Coordination Meeting - Coordination meeting A meeting dedicated essentially to contractor progress during the construction phase.
Contract Administration
Progress Meeting
Change Order
Direct Costs
26. A contract structure where both design and construction responsibility are vested in a single contractor.
Fast-Track(ing)
Start-Up
Commissioning
Design-Build (D-B) Contracting
27. A contractor that provides design and construction services under a single responsibility contract to an owner .
Contract Administration
Escrow Account
Design-Build (D-B) Contractor
Substantial Completion
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
CM Services
Estimated Cost to Complete
Design-Build (D-B) Contractor
29. 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
Project Team
Reimbursable Expense
Design-Build (D-B) Contracting
30. 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.
Field Construction Manager
Reimbursable Expense
Notice to Proceed
Chart of Accounts
31. Partial payments on a contractor's contract amount - periodically paid by the owner for work accomplished by the contractor to date.
Bid Depository
Contingencies
Long-Lead Time
Progress Payment
32. Also: Supplementary Conditions Amendments to the General Conditions that change standard requirements to unique requirements - appropriate for a specific project.
Lump Sum Fee
Bid Depository
Direct Labor Costs
Special Conditions
33. 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
Clerk-of-the-Work
Performance Bond
Final Design Phase
Guaranteed Maximum Price CM (GMPCM)
34. The initial Design Phase on an architectural project when the A/E delineates the owner's needs in a general way.
Schematic Design Phase
Project Meeting
Contingencies
Life-Cycle Cost
35. Changes of any nature in contract requirements which have been agreed upon through a change approval process and approved by the owner.
Escrow Account
Specifications
Approved Changes
Long-Lead Items
36. Also: Site Coordination Meeting - Coordination meeting A meeting dedicated essentially to contractor progress during the construction phase.
Changed Conditions
Pre-design Phase
Progress Meeting
Specifications
37. 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.
Direct Labor Costs
Labor and Material Bond
Reimbursable Expense
Contingencies
38. 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.
Lien
Bid Depository
Record Drawings
Project Team
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.
Drawings
apparent Low Bidder
Specifications
Escrow Account
40. 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
Guaranteed Maximum Price CM (GMPCM)
Construction Documents
Milestone
Construction Budget
41. The final phase of design on an architectural project when construction documents are completed and bidding documents formulated.
Special Conditions
Sub-subcontractor
Sub-subcontractor
Contract Document Phase
42. A job title usually reserved for the administrative level person who supervises the work of an on-site contractor .
Project Team
Final Completion
Budget Estimate
Superintendent
43. A contractor that provides design and construction services under a single responsibility contract to an owner .
Design-Build (D-B) Contractor
Pre-design Phase
Contract Document Phase
Direct Labor Costs
44. The time between the purchase date and delivery date of long-lead items.
Superintendent
Direct Material Costs
Project Meeting
Lump Sum Fee
45. The initial Design Phase on an architectural project when the A/E delineates the owner's needs in a general way.
Occupancy Phase
Notice of Award
Letter of Intent
Schematic Design Phase
46. A contract held by an owner.
Final Completion
Construction Documents
Prime Contract
Budget Estimate
47. Selected strategic events of signal importance to progress used in the milestone schedule.
Milestone
Milestone Schedule
Fast-Track(ing)
Prime Contract
48. 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
Lump Sum Fee
Field Construction Manager
Reimbursable Expense
General Conditions (of the Contract for Construction)
49. 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
Labor and Material Bond
Fast-Track(ing)
General Conditions (of the Contract for Construction)
50. 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.
Schematic Design Phase
General Conditions (of the Contract for Construction)
Letter of Intent
Schedule of Values