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Question
In a guaranteed maximum price (GMP) contract, costs above the GMP are covered by the contractor.Answer
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Related questions
Q:
Leadership focuses on the scientific study of decision making, moving away from guesswork to the establishment of set methodologies for making intelligent decisions.
Q:
Matching
Match the design/construction position with the appropriate job description.
a. Clerk of the works
b. Job captain
c. Superintendent
d. Construction project manager
e. Field engineer
1 ____This person organizes the drawings required to complete the job, manages the personnel resources, communicates with engineers and other consultants, and details schematic designs.
2 ____This person interacts with subcontractors and coordinates the flow of workers,
supplies, and equipment on the site to ensure that the schedule is met.
3 ____Assigned by the designer to interpret the plans and specifications, this person may assist in problem solving, approve or reject material, and approve progress payments.
4 ____This person tracks the flow of documents through a field office. This is usually an
entry-level position.
5 ____This person configures the project team, schedules the job, and sets up the cost
control system. This person must have a solid understanding of project administration, good verbal and written communication skills, knowledge of labor union issues, and technical construction knowledge.
Q:
Outreach activities that educate the public and, in particular, young people to better
understand our profession are important for what reason?
a. To meet government regulations
b. To improve job-site safety
c. To improve the image of the profession
d. To improve industry competitiveness
e. All of the above
Q:
Which of the project types listed would most frequently use a construction management arrangement?a. Building constructionb. Heavy constructionc. Industriald. Residential
Q:
Which of the following would not be included in a typical site investigation?a. Size of the siteb. Availability of local laborc. Soils classificationd. Ledge outcroppinge. Existing structures
Q:
1. Dams, highways, and bridges would be classified as what type of project?a. Residentialb. Building constructionc. Industriald. Heavy construction
Q:
Project scheduling techniques, such as CPM, are unique to the construction industry.
Q:
Communication between home and field office is both infrequent and unimportant.
Q:
The field office would typically accomplish which of the following tasks?
a. Qualify bidders
b. Obtain progress and record photos
c. Prepare project cost estimate
d. Prepare project schedule
e. None of the above
Q:
The ________ design phase is complete when the design is approximately 30 percent complete.
a. Schematic
b. Conceptual
c. Design development
d. Engineering
e. None of the above
Q:
A work plan includes _______.
a. Schedules
b. Budget
c. Standards for quality
d. All of the above
Q:
Value engineering is normally the responsibility of which team member?
a. Owner
b. Architect
c. Project manager
d. All of the above
Q:
Match the letter in the project control chart shown in the figure with the corresponding item in the following. 1 ____ Home office: Estimating, scheduling, and engineering
2 ____ External factors
3 ____ Historical information: Data base for future projects
4____ Upper management: Final decisions and revisions before implementation
5____Field operations: The work site
Q:
Which of the following would be considered an external factor that might affect a project's success?
a. Weather
b. Economic disturbance
c. Labor dispute
d. All of the above
Q:
The CSI Masterformat 2004 includes _______divisions.
a. 50
b. 12
c. 8
d. 6
Q:
Value engineering can best be described as ________.
a. An ongoing process in the life of a project
b. A design exercise
c. Only done when bidding trade work
d. Seldom worth the effort
e. Both B and C
Q:
Career opportunities as a construction professional would not include ________.
a. Estimator
b. Scheduler
c. Field superintendent
d. Specification writer
e. Purchasing agent
Q:
If an owner has only a fixed amount to spend and would not build a project if its cost would exceed this amount, construction management would be the preferred delivery method.
Q:
In a guaranteed maximum price contract, costs above the guarantee are absorbed by the owner.
Q:
In the construction industry of the future, there will likely be a decreased requirement for permits and regulations.
Q:
One advantage of the design/build approach is that usually a firm project cost is
established before construction begins.
Q:
The conduct of safe on-site construction operations is important to owners and designers for which of the following reasons?
a. Construction accidents tarnish the image of all involved, even those only indirectly involved.
b. Owners and designers, often frequent visitors to the job site, are legally required to stop any unsafe operations they are aware of.
c. Owners are also regulated by OSHA.
d. Owners and designers who wear the proper safety gear on ajob send a positive safety message to the workers.
e. All of the above
Q:
MSDS are for
a. Employee training and orientation
b. Fall protection
c. Safety enforcement
d. Hazard communication
e. Fire protection
Q:
What is the term for the empanelling of a team of professionals on a project early for the purpose of providing assistance in the early stages of dispute? These professionals often issue decisions, though not binding, may be accepted by the parties.
a. Alternative dispute resolution
b. Dispute resolution board
e. Mediation
d. Partnering
e. None of the above
Q:
The statue of frauds requires that certain contracts, such as wills, be in writing.
Q:
An application for payment submitted by the contractor to the owner or designer typically requires the stamp of a notary public.
Q:
Match the communication type listed with the correct description following.
a. Request for information
b. Daily reports
c. Field transmittal memos
d. Monthly reports
e. Notice to proceed
1___Records the subcontractors working on site and key deliveries made.
2___Reports the project's status to both the project team and the owner organization.
3___A formal method of communication/clarification.
4___Documents the official start of the project.
5___Used to track submittals.
Q:
The purpose(s) of front-end loading and weighting is (are) to
a. Offset project mobilization costs
b. Offset owner retainage
c. Improve contractor cash flow
d. All of the above
Q:
What is the correct i-j notation for the Cure 1 activity?a. 3-2b. 30-40C. 30-2-40d. 45-55e. None of the above
Q:
In arrow rotation, the longer the arrow, the longer the activity's duration.