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Test your basic knowledge |
Construction Management
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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 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.
Conditions of the Contract
Guaranteed Maximum Price CM (GMPCM)
Estimated Cost to Complete
Guarantee
2. A contract held by an owner.
Completion Schedule
Prime Contract
Construction Manager
Value Engineering
3. 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
Critical Path(s)
Commissioning
Fast-Track(ing)
Project Manual
4. Detailed statements covering procedures - and quantitative and qualitative and qualitative information pertaining to material - products - and equipment to be incorporated into a project.
Specifications
Superintendent
Direct Costs
Bid Bond
5. Partial payments on a contractor's contract amount - periodically paid by the owner for work accomplished by the contractor to date.
Drawings
Progress Payment
Direct Costs
Escrow Account
6. The designation used by engineers for the last portion of the design process prior to bidding.
Bid Depository
Sub-subcontractor
Project Manual
Final Design Phase
7. An agreement by which a party accepts responsibility for fulfilling an obligation.
Sub-subcontractor
Completion Schedule
Guarantee
Design Development Phase
8. Drawings - technical specification - and addenda; the contract documents that refer to the physical construction requirements established by the A/E.
Approved Bidders List
Value Engineering
Construction Documents
Milestone
9. 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.
Critical Path(s)
Direct Costs
Change Order
Special Conditions
10. The time between the purchase date and delivery date of long-lead items.
Letter of Intent
Approved Changes
Lump Sum Fee
Construction Management
11. 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
Schedule of Values
Budget Estimate
apparent Low Bidder
12. 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.
Performance Bond
Notice of Award
Shop Drawings
Life-Cycle Cost
13. 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
Value Engineering
Chart of Accounts
Construction Budget
Contract Document Phase
14. 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.
Contract Administration
Project Budget
Construction Schedule
Special Conditions
15. 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
Escrow Account
apparent Low Bidder
Project Team
16. 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.
Critical Path(s)
Lump Sum Fee
Escrow Account
Life-Cycle Cost
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 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
Lump Sum Fee
Commissioning
Construction Management
19. 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
Occupancy Phase
Direct Costs
Long-Lead Items
Project Budget
20. Written criteria that augment the drawings pertaining to the technical construction of the project that cannot be conveniently included on the plans.
Lien
Schedule of Values
Technical Specifications
Preliminary Design Phase
21. 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
Performance Bond
Bid Bond
Superintendent
Design-Build (D-B) Contractor
22. 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.
Guaranteed Maximum Price CM (GMPCM)
Direct Labor Costs
Design Development Phase
Change Order
23. A contractor who has a contract with a prime contractor.
Subcontractor
Value Engineering
Start-Up
Project Team
24. See: Start-up; Beneficial Occupancy The process at or near construction completion when a facility is tried out (put into use) to see if it functions as designed. Usually applied to manufacturing type projects.
Schematic Design Phase
Commissioning
Project Meeting
Fast-Track(ing)
25. 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.
Notice to Proceed
Prime Contract
Record Drawings
Direct Labor Costs
26. Drawings - technical specification - and addenda; the contract documents that refer to the physical construction requirements established by the A/E.
Project Meeting
Construction Documents
Clerk-of-the-Work
Commissioning
27. 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
Critical Path(s)
Estimated Cost to Complete
Direct Costs
Value Engineering
28. 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.
Change Order
Direct Labor Costs
Estimated Cost to Complete
Professional Liability Insurance
29. Selected strategic events of signal importance to progress used in the milestone schedule.
Clerk-of-the-Work
Milestone
Chart of Accounts
Checks and Balances
30. Partial payments on a contractor's contract amount - periodically paid by the owner for work accomplished by the contractor to date.
Approved Changes
Long-Lead Items
Progress Payment
Contract Administration
31. 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.
Contract Document Phase
Change Order
Drawings
CM Services
32. The term used to describe the use of the overlapping expertise of each team member during team decision making.
Notice of Award
Construction Manager
Checks and Balances
Design-Build (D-B) Contracting
33. 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
Estimated Final Cost
Superintendent
Lien
34. 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.
Budget Estimate
Clerk-of-the-Work
Project Team
Estimated Final Cost
35. The bidder who has submitted the lowest competitive proposal as determined by a cursory examination of the bids submitted.
Project Manual
apparent Low Bidder
Sub-subcontractor
Project Budget
36. Also: Supplementary Conditions Amendments to the General Conditions that change standard requirements to unique requirements - appropriate for a specific project.
Critical Path(s)
Record Drawings
Progress Payment
Special Conditions
37. 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.
Construction Management
Construction Budget
Lien
Notice to Proceed
38. Costs accruing from expended labor excluding the bonus portion of overtime - insurances - and payroll taxes.
Direct Material Costs
Lump Sum Fee
Direct Labor Costs
Construction Manager
39. The time between the purchase date and delivery date of long-lead items.
Changed Conditions
Final Design Phase
Drawings
Long-Lead Time
40. All required phases prior to the start of construction.
Preconstruction Phase
Milestone Schedule
Pre-design Phase
Chart of Accounts
41. 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.
Final Design Phase
Project Budget
Contract Administration
Clerk-of-the-Work
42. 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.
Schedule of Values
Shop Drawings
Lien
Chart of Accounts
43. 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.
Prime Contract
Escrow Account
Completion Schedule
Record Drawings
44. A business entity that provides independent contractor services to owners through the use of subcontractors when using the general contracting system.
Construction Management
General Contractor
Superintendent
Design-Build (D-B) Contractor
45. The cost of purchasing - installing - owning - operating - and maintaining a construction element over the life of the facility.
Construction Manager
Labor and Material Bond
Lump Sum Fee
Life-Cycle Cost
46. Servicing the interactive provisions in the contracts for construction between the owner and the contractor(s).
Contract Administration
Progress Meeting
Preliminary Design Phase
Record Drawings
47. 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
Life-Cycle Cost
Project Budget
Record Drawings
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
Warranty
Letter of Intent
Performance Bond
Direct Costs
49. See: Start-up; Beneficial Occupancy The process at or near construction completion when a facility is tried out (put into use) to see if it functions as designed. Usually applied to manufacturing type projects.
As-Built Drawings
Construction Budget
Commissioning
Value Engineering
50. A fixed dollar amount which includes all costs of services including overhead and profit.
Budget Estimate
Lump Sum Fee
Substantial Completion
Final Completion