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24 Cards in this Set
- Front
- Back
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Competitive Bidding |
Popular with owners; usually results in lowest construction cost |
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Value-based selection |
Bidding that considers more than just the lowest cost; factors other aspects such as quality, schedule, contractor personnel |
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Negotiation |
Owner works out final contract price with one contractor |
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AIA Document B101 |
Standard Form of Agreement Between Owner and Architect |
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Basis of Pre-qualification |
- financial qualification - personnel - experience - references - size of firm - bonding capability - any special qualities that make them particularly suited for the project under consideration |
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Proprietary specifications |
Most restrictive; require the use of a specific manufacturer's product |
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AIA Document A701 |
Instructions to Bidders |
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Instructions to Bidders and inclusions |
AIA Document A701; bidder's representations; bidding documents info; interpretation or correction of bidding documents; substitutions; addenda; bidding procedures; modification or withdrawal of bid; consideration of bids; post-bid info; performance and payment bonds |
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AIA Document A305 |
Contractor's Qualification Statement |
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Contractor's Qualification Statement (AIA) |
AIA Document A305 |
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Performance Bond |
A statement by a surety company that obligates complete construction of the project in the event that the contractor defaults on his or her obligations; paid by owner; included in construction cost amount |
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Labor and Material Payment Bonds |
Protects owners from subs who might file liens if the GC defaults |
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AIA Document B132 |
Standard Form of Agreement Between Owner and Architect, CM as Adviser Ed. |
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Standard Form of Agreement Between Owner and Contractor, CM as Adviser Ed. |
AIA Document A132 |
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General Conditions of the Contract for Construction, CM as Adviser Ed. |
AIA Document A232 |
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Standard Form of Agreement Between Owner and Architect, CM as Constructor Ed. |
AIA Document B133 |
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General Conditions for the Contract for Construction (AIA) |
AIA Document A201 |
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Standard Form of Agreement Between Design-Builder and Architect (AIA) |
AIA Document B143 |
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Standard Form of Agreement Between Owner and Architect for IPD (AIA) |
AIA Document B195 |
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General Conditions of the Contract for IPD (AIA) |
AIA Document A295 |
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Buyout (IPD) |
Process of selecting suppliers and finalizing prices from any remaining subs and vendors that are not part of the IPD process |
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Contractor's Qualification Statement (AIA) |
AIA Document A305 |
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AIA Document A133 |
Standard Form of Agreement Between Owner and CM as Constructor |
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Earned Value Management (Earned Value Analysis) |
Used to determine SOV; attempts to predict both the time and money (or percentage of overall budget) that is required to complete certain tasks |
