CDT Exam 2024 Questions & Answers 100% CORRECT
Abbreviations - ANSWERSUsed for construction terms on drawings and in schedules where space for textual information may be limited. In general, the construction documents should include an edited list of abbreviations that are tailored to the proj...
Abbreviations - ANSWERSUsed for construction terms on drawings and in schedules where space for
textual information may be limited. In general, the construction documents should include an edited list
of abbreviations that are tailored to the project and not the long, all inclusive list of widely used standard
ones.
Addenda - ANSWERSWritten or graphic instruments issued to clarify, revise, add to, or delete information
in the original procurement documents or in previous addenda.
Advertisement for Bid - ANSWERSPublished in public documents such as the local newspaper, it
advertises a project is open for interested and qualified bidders to inquire about further information of
the requirements to submit bids.
Aesthetics - ANSWERSDesign that incorporates components that elicit sensory responses primarily but
not exclusively visual, in anyone who may have contact with the project, with the intention of
communicating the owner's values and the facility's purpose.
Agreement - ANSWERSThe written document signed by each party that is the legal instrument binding
the parties to the contract. The agreement defines the relationships and obligations existing between
the parties. By reference, the agreement includes all other contract documents, such as the drawings
and specifications.
Agreement Form - ANSWERSSeveral organizations have standard agreement forms that are compatible
with their respective contract conditions and are tailored to specific types of project delivery and basis of
payment.
Allowance - ANSWERSSpecified monetary sum or specified quantity of work not otherwise defined by
the specifications and drawings, but which the contractor is required to include in the bid or price. The
contractor is asked to submit prices for work items that are undetermined at the time of bidding, but will
be determined after the agreement has been executed.
,Allowance - Cash - ANSWERSA monetary sum that the bidder includes as part of the contract sum to
account for certain items to be determined at a later time.
Allowance - Quantity - ANSWERSA specified quantity of a product or assembly that the bidder includes in
the scope of the work even though the location of the product is not defined on the drawings or in the
specifications.
Alternate - ANSWERSA defined portion of work that is priced separately and thus provides an option for
the owner in determining the final scope of the project. The alternate procides the owner with a choice
between different products or it can define the addition or deletion of a portion of the work.
Alternative Dispute Resolution (ADR) - ANSWERSProcedures that allow parties to a contract agree to
pursue alternative methods to the resolution of a dispute other than conventional litigation. A variety of
ADR procedures are available including arbitration, mediation, and dispute resolution boards.
Applicable Criteria for Evaluation - ANSWERSProject-specific criteria by which a product needs to be
evaluated prior to selection; selection criteria should be developed based on the project design, the
project requirements, regulatory requirements, and the project location. Products do not need to be
evaluated according to each and every product criterion known, but only those that apply to the specific
project.
Archaeological Surveys - ANSWERSPublic entities often require archaeological surveys before
construction can start. Any coastal site or river floodplain and many urban sites may have historic or
prehistoric artifacts that require the input of an archeologist; other parts of the country may have
artifacts from Native Americans.
Basis of Payment - ANSWERSHow the contractor will be reimbursed for the funds expended to construct
the project and complete the work described in the contract documents. The successful bidder's
proposed price becomes the basis of payment and is included in an agreement.
Bid - ANSWERSA price to execute the work described in the procurement documents; an offer from one
entity to another to perform work or supply materials or goods at a specific price. It is usually a response
to a solicitation such as an invitation to bid or advertisement for bid. it is usually limited to a cost to
perform the work and a number of days to complete the work.
, Bid Bond - ANSWERSThe purpose of this is to protect the owner from losing the benefit of an accepted
bid. issuance of this bond commits the bidder to enter into a contract and, if required, provide
performance and payment bonds. This bond is provided by the bidder at the time of the bid and is
submitted with the bid. This provides for a penal amount expressed either in dollars or as a percentage
of the total amount of the bid. in the event that the selected bidder fails or refuses t enter into a
contract for the price of the bid, the surety is obligated to pay the owner's damages, up to the penal
amount of the bond.
Bid Depository - ANSWERSUsed in some states on publicly funded projects and, depending on location,
may be either voluntary or mandatory, the ____ system receives bids for identified units of work from
subcontractors and suppliers. The units of work are usually significant parts of the total project. These
sub-bids, depending on location, are then either analyzed by the client agency with the selected sub-bids
assigned to the bidder, or the sub-bids may simply be deposited for delivery to the bidder.
Bid Form - ANSWERSThe bid process requires a ____ that is prepared as a document that the bidder will
submit to the owner. It contains blank spaces completed by the bidder and a place for the bidder's
signature to indicate that the bidder agrees to all provisions.
Bid Security - ANSWERSGuaranties that if a bid is accepted within the specified time, the bidder will
enter into a formal agreement with the owner and will furnish the required performance and payment
bonds. The purpose of the ____ is to compensate the owner for damages incurred if the selected bidder
does not accept the contract award.
Bidding/Negotiating/Purchasing (Procurement) - ANSWERSThe transition from the design to the
construction stage of a project is the ______ stage. Frequently referred to as the bidding stage, the
process of bidding, negotiating, or purchasing is the process during which a prospective contractor
develops a price for the construction of a project. That price becomes the basis upon which the owner
selects the contractor. How the _____ stage is structured defines the various project deliveries.
Boiler and Machinery Insurance - ANSWERSA policy separate from a builder's risk policy which insures
against loss resulting from accidents to boilers and pressure vessels identifies in the policy, including
damage to others' property.
Budgeting and Cost Control - ANSWERS____ rely on accurate accounting. Effective cost control systems
provide detailed comparisons between budgeted and actual expenditures.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through EFT, credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying this summary from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Bensuda. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy this summary for R187,99. You're not tied to anything after your purchase.
