Construction Management Exam Study Guide with Complete Solutions
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Course
Construction Management
Institution
Construction Management
Construction Management Exam Study
Guide with Complete Solutions
Advertisement for bids - Answer️️ -A public notice, usually published in newspapers,
trade magazines, and journals, providing information regarding bidding procedures for
public projects.
Best Value - Answer️️ -Any select...
Prequalification - Answer✔️✔️-The process in which an owner, based upon minimum
financial, management, and other qualitative data, determines whether a construction
firm is fundamentally qualified to compete for a certain project or class of projects.
Price Proposal - Answer✔️✔️-The part of a design-build proposal that stipulates the price
at which the design-builder will provide the design and construction services necessary
to complete the project.
Public-private partnership - Answer✔️✔️-A business venture approach whereby a public
sector authority and a private enterprise join forces and combine resources to deliver
government projects aimed at serving the public good.
Request for proposals - Answer✔️✔️-RFP) A solicitation document, written by the owner
requesting pricing and a technical solution for design and/or construction services
Request for qualifications - Answer✔️✔️-A document issued by the owner prior to an RFP
to solicit contractor or design-builder qualifications. The RFQ may be used by the owner
to shortlist potential proposers, or it may be used by itself as the final competitive
submittal employed in qualifications-based selection.
Responsive bid (or proposal) - Answer✔️✔️-A bid or proposal package that meets all of
the requirements of the solicitation instrument.
Shortlisting - Answer✔️✔️-Narrowing the field of offers through the selection of the most
qualified proposers on the basis of qualifications
Technical proposal - Answer✔️✔️-The part of the design-build proposal that contains the
conceptual design for the project. It may also include information regarding schedule,
team makeup, or overall management plan for the project.
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