final exam cmgt Questions With Complete Solutions

Builders Risk - ANS What is the name of the insurance that covers buildings while under construction? The Owner is allowed to do this when: Defective work is not remedied Failure of contractor to pay subs Evidence that the work cannot be complete within the contract time - ANS What is withhold payment? The Owner may at anytime terminate the contract without cause. - ANS What is the "termination for convenience" clause. This specifications and contract drawings are two of these. - ANS What are the Contract Documents? The owner issues this to start the project. The time of performance for the contractor is measured from this. - ANS What is the NTP? When an owner issues this to a contractor, the contractor proceeds with the work right away and submits the price later. - ANS What is a CCD? This type of delay could occur when a contractor encounters unusual or severe weather. - ANS What is an excusable delay? Arbitration and Mediation are forms of this. - ANS What is ADR? The process of accelerating an activity or multiple activities to shorten the overall duration of the project. - ANS What is crashing a project? When you divide the earned manhours by the actual manhours, you get this - ANS What is the SPI (Schedule Performance Index)? The method used to measure work progress when the level of effort varies per phase? - ANS Incremental Milestone One of the basic standards that describes the performance requirements of the project's components. - ANS What are the Specifications? 20% of the input accounts for 80% of the output. - ANS What is the Pareto Principle? The scheduling step that takes place after the network is established and the duration of the project is calculated. - ANS What is Refining the schedule? It is the most detailed It identifies interrelationships - ANS What are two advantages of a network schedule? The early start and early finish dates for each activity are determined during this scheduling step. - ANS What is the forward pass? The string of network activities that have zero float. - ANS What is the Critical Path? The price is valid until the scheduled delivery time The price includes delivery to the job site The lead time fits into the scheduled need on site There is adequate stock available - ANS What are some of the points that must be verified by an estimator when determining the material prices? This type of estimate takes a minimum of 3 weeks to prepare. - ANS What is the bid estimate? 1913 - ANS What is base year for the ENR cost indices? Size Quality Location Time - ANS What are the four issues that every estimate needs to consider? The Assembly Estimate is done during this phase of design. - ANS design development phase Lost time of other employees assisting injured Time required to train replacement employees Payment of penalties - ANS What are three types of accidents costs not covered by insurance? The preconference The walk-around the site The closing conference - ANS What are the three parts to an OSHA inspection? Hard hats Safety goggles Personal fall restraints Reflective safety vests - ANS What are PPEs (Personal Protective Equipment)? The section of the OSHA regulations that covers the construction industry is what? - ANS CFR Part 1926 This is used by insurance companies to calculate what to charge individual companies for worker's compensation insurance. - ANS What is an EMR? 1.The Owner has received the GC's payment and performance bonds. 2.The Owner has received the GC's insurance certificate. 3.The GC has received the "for construction" set of contract documents. - ANS What are the administrative requirements prior to the Owner issuing the Notice to Proceed? This project warranties start. - ANS What is one thing that happens at Substantial Completion? The subcontractor receives payment from the GC after the GC receives payment from the Owner. - ANS What is the "pay when paid" clause in the subcontractor agreement? Responsible and liable for the means and methods of construction - ANS Who is the General Contractor? Residential Sector Commercial Sector Infrastructure and Heavy Highway Sector Industrial Sector - ANS Place the four (4) construction industry sectors in decreasing order (largest to smallest) according to their percent of annual dollar volume. small offices and small condmoinious - ANS two correct types of projects that are part of the residential sector setting up the cost control system staffing the project - ANS two that are primary responsibilities of the construction superintendent. faster decisions are possible tend to be more nimble - ANS two characteristics associated with a decentralized organization. a- manage b-lead - ANS "You can [a] inventories, but you [b] people." this contract type works well with the traditional delivery system. - ANS Single Fixed Price The owner benefits from the time saved and because he/she is somewhat removed from the process. - ANS Design / Build The owner knows the cost when construction begins but gives up the potential cost and time savings of fast track. - ANS Design / Bid / Build