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8 Cards in this Set
- Front
- Back
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The internal heirachy on a commercial construction job site is project manager, superintendent(s), ____________, skilled laborers (tradesmen) and unskilled laborers.
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foremen
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The project delivery method that requires the most coordination and responsibility on behalf of the owner is:
Design-bid-build Design-negotiate-build CM as adviser CM at risk Design-build |
CM as adviser
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Which of the following delivery methods often starts with a guaranteed maximum price (GMP) and later switches to lump sum?
Design-bid-build Design-negotiate-build CM as adviser CM at risk Design-build |
CM at risk
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According to the Penn State and UK study (The Forum), the approximate delivery time savings enjoyed by design-build over design-bid-build is:
10%, 20%, 30%, 40%, 50% |
30%
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A "_____ developer" is a real estate developer who produces a turnkey project and receives a fixed payment.
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Fee
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Which of the following construction contract types requires that the type of work involved is extremely well understood and is non-variable?
Cost reimbursable Fixed price Unit rate Stipulated Lump sum Guaranteed maximum price Cost plus fee |
Unit rate
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The value of bid bonds are commonly equal to the full contract amount.
TRUE OR FALSE |
FALSE
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Builder's risk (or contract works) insurance covers...
Damage to nearby properties (real or personal) Theft of contractor's materials or tools Costs related to physical injuries to construction workers Damage to the building under construction |
Damage to the building under construction
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