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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. 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.
Escrow Account
Claim
Schedule of Values
Value Engineering
2. 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.
Prime Contract
Reimbursable Expense
CM Services
Fast-Track(ing)
3. 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.
Estimated Cost to Complete
Performance Bond
RFP (Request For Proposal)
Start-Up
4. 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.
Sub-subcontractor
Professional Liability Insurance
Project Meeting
Design-Build (D-B) Contractor
5. 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
Direct Material Costs
As-Built Drawings
Bid Depository
6. 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.
Commissioning
Critical Path(s)
Lump Sum Fee
Budget Estimate
7. 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.
Substantial Completion
Design Development Phase
Lien
Direct Labor Costs
8. A contract structure where both design and construction responsibility are vested in a single contractor.
Bid
Guarantee
Design-Build (D-B) Contracting
Contingencies
9. All required phases prior to the start of construction.
Construction Documents
Substantial Completion
Preconstruction Phase
Budget Estimate
10. 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
Checks and Balances
Fast-Track(ing)
Project Team
Critical Path(s)
11. Also: Mechanic's Lien The right to take - hold - or sell the property of a debtor as security or payment for a debt.
Reimbursable Expense
Claim
Lien
Superintendent
12. A contract structure where both design and construction responsibility are vested in a single contractor.
Estimated Cost to Complete
Value Engineering
Design-Build (D-B) Contracting
Budget Estimate
13. 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.
Completion Schedule
Owner's Representative
Estimated Final Cost
Contract Document Phase
14. 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.
Approved Bidders List
Project Team
Preliminary Design Phase
Lump Sum Fee
15. 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.
Schedule of Values
Chart of Accounts
CM Services
Direct Labor Costs
16. The time between the purchase date and delivery date of long-lead items.
Contract Document Phase
Lump Sum Fee
apparent Low Bidder
Schedule of Values
17. A contractor that provides design and construction services under a single responsibility contract to an owner .
Guarantee
Field Construction Manager
Design-Build (D-B) Contractor
Shop Drawings
18. A fixed dollar amount which includes all costs of services including overhead and profit.
Bid Depository
Pre-design Phase
Lump Sum Fee
Life-Cycle Cost
19. 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.
Guaranteed Maximum Price CM (GMPCM)
Clerk-of-the-Work
Occupancy Phase
Lien
20. The term used on architectural projects to describe the transitional phase from the Schematic Phase to the Contract Document during design.
Sub-subcontractor
Pre-design Phase
Design Development Phase
Direct Costs
21. The initial Design Phase on an architectural project when the A/E delineates the owner's needs in a general way.
Start-Up
Project Team
Clerk-of-the-Work
Schematic Design Phase
22. The designation used by engineers for the last portion of the design process prior to bidding.
RFP (Request For Proposal)
CM Services
Fast-Track(ing)
Final Design Phase
23. Also: Product Data; Samples Detailed information provided by material and equipment suppliers demonstrating that the item provided meets the requirements of the contract documents.
Shop Drawings
Letter of Intent
Chart of Accounts
Prime Contract
24. Also: Site Coordination Meeting - Coordination meeting A meeting dedicated essentially to contractor progress during the construction phase.
Progress Meeting
Changed Conditions
Pre-design Phase
Approved Bidders List
25. 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
Estimated Cost to Complete
Approved Changes
Special Conditions
26. 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
Field Construction Manager
Design Development Phase
Pre-design Phase
Lump Sum Fee
27. 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
Contract Document Phase
Guarantee
Project Budget
Progress Meeting
28. 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.
Milestone
Start-Up
Contract Documents
Escrow Account
29. 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.
Final Design Phase
Special Conditions
Estimated Final Cost
Milestone
30. 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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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.
CM Services
Schedule of Values
Life-Cycle Cost
Pre-design Phase
32. 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
Change Order
Estimated Cost to Complete
Value Engineering
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.
Owner's Representative
Direct Costs
General Conditions (of the Contract for Construction)
Professional Liability Insurance
34. The designation used by engineers for the last portion of the design process prior to bidding.
RFP (Request For Proposal)
Final Design Phase
apparent Low Bidder
Checks and Balances
35. 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.
Direct Labor Costs
Design-Build (D-B) Contracting
Technical Specifications
Long-Lead Items
36. Costs accruing from expended labor excluding the bonus portion of overtime - insurances - and payroll taxes.
Reimbursable Expense
Checks and Balances
Direct Material Costs
Conditions of the Contract
37. A contractor who has a contract with a prime contractor.
Subcontractor
Bid Depository
Start-Up
Direct Material Costs
38. 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.
Bid Depository
Notice to Proceed
Sub-subcontractor
Specifications
39. The final phase of design on an architectural project when construction documents are completed and bidding documents formulated.
Guaranteed Maximum Price CM (GMPCM)
Contract Document Phase
Approved Bidders List
CM Services
40. A contractor who has a contract with a subcontractor.
Sub-subcontractor
Reimbursable Expense
Schedule of Values
Superintendent
41. 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.
Direct Costs
Claim
Direct Labor Costs
Clerk-of-the-Work
42. The final phase of design on an architectural project when construction documents are completed and bidding documents formulated.
Final Completion
Drawings
Contract Document Phase
Construction Management
43. Costs accruing from expended labor excluding the bonus portion of overtime - insurances - and payroll taxes.
CM Services
Completion Schedule
Milestone Schedule
Direct Material Costs
44. A contract held by an owner.
Drawings
Bid
Warranty
Prime Contract
45. 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 Bond
Bid Depository
Long-Lead Time
Technical Specifications
46. 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.
Preliminary Design Phase
Shop Drawings
Long-Lead Items
Contract Administration
47. 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
Contract Document Phase
Lien
Value Engineering
Bid Bond
48. Also: Supplementary Conditions Amendments to the General Conditions that change standard requirements to unique requirements - appropriate for a specific project.
Sub-subcontractor
Special Conditions
Professional Liability Insurance
Occupancy Phase
49. The second request for uniform detailed information from prospective CM practitioners being screened for a project.
Milestone
RFP (Request For Proposal)
Estimated Cost to Complete
Contingencies
50. Line-item amounts in the project budget - dedicated to specific cost areas where oversight is an inherent problem in project delivery.
Contingencies
Clerk-of-the-Work
Conditions of the Contract
Bid