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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 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






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






3. 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.






4. Drawings - technical specification - and addenda; the contract documents that refer to the physical construction requirements established by the A/E.






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






6. The second request for uniform detailed information from prospective CM practitioners being screened for a project.






7. 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.






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






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






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






11. 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






12. A binding offer - usually expressed in dollars to provide specific services within clearly stated requirements.






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






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






15. Servicing the interactive provisions in the contracts for construction between the owner and the contractor(s).






16. 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.






17. The cost of purchasing - installing - owning - operating - and maintaining a construction element over the life of the facility.






18. 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.






19. 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






20. Also: As Builts; Check: Record Drawings Drawings produced during or after construction and amended to show the exact location - geometry - and dimensions of the constructed project. As-Built Drawings are not the same as Record Drawings.






21. 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.






22. 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






23. The list of contractors that have survived prequalification tests.






24. 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.






25. 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.






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.






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






28. 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.






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






30. Changes of any nature in contract requirements which have been agreed upon through a change approval process and approved by the owner.






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






32. 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.






33. Graphic representations showing location - geometry - and dimensions of a project or its elements in sufficient detail to facilitate construction.






34. Partial payments on a contractor's contract amount - periodically paid by the owner for work accomplished by the contractor to date.






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






36. A contractor that provides design and construction services under a single responsibility contract to an owner .






37. Costs accruing from expended labor excluding the bonus portion of overtime - insurances - and payroll taxes.






38. 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.






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






40. The term used to describe the use of the overlapping expertise of each team member during team decision making.






41. 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.






42. 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.






43. 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.






44. A job title usually reserved for the administrative level person who supervises the work of an on-site contractor .






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






46. 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.






47. 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.






48. 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.






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.






50. The final phase of design on an architectural project when construction documents are completed and bidding documents formulated.