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Construction Contracts Midterm Study Guide all Questions & answers solved 100% accurately with Complete Solution Graded A+ latest version$12.99
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Construction Contracts Midterm Study
Guide (A+ Graded already)
this term means the management or handling of the business relations between
parties to a contract - CORRECT ANSWER-contract administration
this term refers to a much broader responsibility of relating to all project-related
functions between the parties to a contract - CORRECT ANSWER-construction
administration
project delivery system is defined as... - CORRECT ANSWER-an approach to
building the project team. an organizational concept which assigns specific
responsibilities and authorities to organizations and which defines relationship of
these organizations
what is the five-step process of initiating a project? - CORRECT ANSWER-1.
advertise for bids
2. open bids
3. award contract
4.sign agreement or contract
5. issue notice to proceed
what are the common project delivery systems? - CORRECT
ANSWER--design-bid-build (traditional method)
-multiple prime contracting
-at-risk CM (CM/GC)
- design-build
how many contracts does a design-bid-build contain? - CORRECT ANSWER-2
separate contracts. owner with the designer and owner with the contractor
what are some advantages to a design-bid-build contract? - CORRECT
ANSWER--project features are fully developed before selection of contractor
-owners have confidence they will pay a competitive price
-public competitive bidding requirements are met
, what are some disadvantages to a design-bid-build contract? - CORRECT
ANSWER--time consuming process
-absence of the contractors input during the design phase
-many contractor claims over design and constructability
-adversarial relationships between the owner,designer, and contractor
a fee-based service in which the construction manager acts in the owners
interests at every stage of the project- from conception to closeout - CORRECT
ANSWER-professional CM (Agency CM)
the CM Agency offers advice to the owner in what areas of the project? -
CORRECT ANSWER--control of the scope of work and optimum use of available
funds
-enhancing project design and construction quality
-project scheduling
-avoidance/minimization of delays, changes, disputes and litigation
what are the 2 types of multiple prime contracting? - CORRECT ANSWER-1.
phased construction/fast-track construction
2. trade contracting
what is phased construction/fast track construction? - CORRECT ANSWER-used
to shorten construction time for the overall project by starting some portions of
the work as soon as it has been designed. selected when work must start before
plans and specifications are complete
what is trade contracting? (multiple prime contract) - CORRECT ANSWER-owner
holds contracts with each trade contractor. prevents mark-ups and allows for
small trade contractors to compete for public work.
what is an at-risk CM (CM/GC) - CORRECT ANSWER-owner has two contracts,
one with the designer and the CM/GC. early relationship between the project
team- owner, designer and CM who later becomes the GC.
-benefit of contractors input in design phase, construction can begin before the
completion of design, saves time and cost due to removal of bidding phase
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