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Terms in this set (24)
T/F: The dollar amount shown for each line item in a Schedule of Values reflects the direct cost for that line item only and does not include profit and overhead
Does include profit and overhead
Which of the following is not in the TO-DO list for the facilitator in a meeting?
Empower the attendees to communicate their ideas only if they agree with you
Which of the following is not the responsibility of the designer?
Generate the shop drawings in a timely manner.
T/F: Pre-construction meeting is typically held after the construction operations begin?
Before operations begin
T/F: Builder's risk insurance is typically purchased by the designer?
Not by the designer
Which of the following is not a characteristic of Schedule of Values (SOV)?
It should be prepared by the Contractor and submitted to the owner at the end of the project
In the tripartite relationship inherent in construction bonding between the Owner, Contractor, and Surety, which one is the Obligee?
T/F: According to the negotiation method discussed in class (Getting to Yes), one thing that needs to be done during negotiations is not to attack each other but to attack the problem.
Work things out
Which of the following statements is wrong for Retainage?
Retainage is typically 25%-30% of each earned fund
Which one of the following is not a rational approach in risk allocation for construction projects?
Risk should be assigned to the contractor when no other party can control the risk or minimize it.
The contractor has the right to request additional money and time extension due to the changes in the contract
TRUE - affects tasks
T/F: All risks in a construction project belong to the owner unless transferred by contract.
True - all on the owner
T/F: The CQC representative is held responsible by the Federal agency for any fraudulent acts or certifications
Which of the following meetings is the one in which the partnering charter is typically signed in a construction project?
Which of these is the correct order fo the 7-step construction project initiation process that was discussed in the class?
- Prepare Bid Package
- Advertise Bids
- Manage Bid Cycle
- Bid Opening
- Bid Award
- Sign Agreement
- Notice to Proceed
T/F: The agency CM is responsible for directing the contractor's means and methods
Which of the following is a cost associated with mobilization?
Cost of delivering equipment, materials, and labor to the site
What term refers to the allocation of markup to the schedule of values items that will be completed early in the project?
The coordination of the sequence of different subcontractors work in a project involving a single general contractor is established by the:
If a contractor is a unable to complete a bonded project due to bankruptcy, the owner can have the project completed by
Making a claim on the performance bond
What happens if a bid is identified to be non responsive during the bid opening stage of a public project?
It is recorded and immediately rejected
T/F: Even though the "Differing Site Condition Clause" in a contract shifts the risk of the unknown or unusual conditions to the owner, using such a clause is actually beneficial for the owner as he/she will pay for those conditions only when they are actually encountered
True Differing site condition clause
Harvard Negotiation Project
assert that is is important to realize that it is not just about us, we should seek in our communication to maintain or improve the relationship
Focusing on interests, not positions
T/F: The premium of a bond decreases as its penal sum increases
Other way around
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