Miller Act 1935 - ANSWER Year the Federal Government pass a bond
requiring payment and performance bonds on all public works?
Brooks Bill 1972 - ANSWER Year Bill directing A/E's selected on
qualifications?
Clinger-Cohen Act/Defense Procurement Reform Act 1996 - ANSWER
Allows all federal agencies to utilize Design-Build. Before that, no enabling
legislation existed allowing Design-Build.
Standard of Care - ANSWER The quality that an average Design Professional
could perform under the same circumstances.
Design Bid Build - ANSWER Slowest Project Delivery method, linear,
prescriptive-owner knows what they want,
Multi Prime - ANSWER Project Delivery-Many contracts through Owner
CM at Risk - ANSWER Project Delivery method allowing the contractor to
come on board very early in design for preconstruction services yet maintains
separation between Designer and Builder contractually.
Design Build - ANSWER Fastest Project Delivery method, fast tracking
possible overlapping design with construction utilizing incremental packages.
, Low Bid - ANSWER Procurement Method - Most Familiar
Negotiated (Qualifications Based) - ANSWER Procurement Method - Common
for A/E
Best Value - ANSWER Procurement Method - Qualifications and Price
Sole Source - ANSWER Procurement Method - Direct
Lump Sum - ANSWER Contract Format w/ agreed upon fixed price
Cost Plus Fee - ANSWER Contract Format - contractor reimbursed for actual
cost plus an agreed upon percentage
GMP (Guaranteed Maximum Price) - ANSWER Contract Format - Combines
Cost-Plus & Lump-Sum, contractor reimbursed for actual cost plus a fee only
up to a certain amount.
Unit Price - ANSWER Contract Format - cost per piece
Target Price - ANSWER Contract Format - established cost/benchmark
determined jointly by project team.
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