CMGT 3500 Final Study Guide
Study online at https://quizlet.com/_i38yfd
1. Spearin Doctrine: Is a warranty supplied by the owner to the contractor that if the contractor builds according
to the plans and specs, a satisfactory product will result.
2. Promissory Estoppel: An agreement or contract exists, based largely on the behavior or actions of the
parties involved (implied agreement).
3. Contract Law and Tort Law Difference: Contract Law supports and upholds voluntary duties
between parties, agreed to in a contract.
Tort Law supports and upholds duties imposed by law between parties and is not dependent on any contract between
them.
4. Elements of a Contract: Offer & Acceptance, Meetings of the Minds, Consideration, Lawful Subject Matter,
and Competent Parties.
5. Contract Delivery Methods: Traditional Design-Bid-Build (DBB), Traditional DBB with early procure-
ment, Traditional DBB with Construction Manager, Traditional DBB with early procurement and CM, DBB + CM @ Risk,
Design-Build or EPC, Turnkey, and Fast Track
6. What is a Contract/Lowest Responsive Responsible Bidder meaning: The Bidder
who fully complied with all of the bid requirements and whose past performance, reputation, and financial capability
is deemed acceptable, and who has offered the most advantageous pricing or cost-benefit, based on the criteria
stipulated in the bid documents.
7. Basic premise of Contract Law: Party must honor contract or respond in damages, parties presumed
to know content of contracts, contracts upheld as written.
8. AIA: American Institute of Architects
9. AGC: Associated General Contractors of America
10. IFB: Invitation For Bidder
11. Three Project Award Methods: Competitive bidding, Negotiation, and Direct Assignment
12. Elements of the Bid: Advertisement, Invitation to Bid, and Instructions to Bidders
13. Three reasons for owner to issue addenda to bid documents: Correction of errors
or discrepancies in specs. Errors in drawings are corrected through an updated revision of the drawings. All revisions
should be conveyed to all bidders uniformly.
Making owner-initiated changes. Furnishing clarifications in response to questions raised by bidders. Same answers
should be given to all bidders. Additions, deletions, or modification of products to include "or equal."
Changing previously stated requirements including due date, period of validity of bids, or other important conditions.
14. Three advantages to Competitive Bidding: Provides clear idea of total construction cost.
Fair to all contractors.
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Study online at https://quizlet.com/_i38yfd
1. Spearin Doctrine: Is a warranty supplied by the owner to the contractor that if the contractor builds according
to the plans and specs, a satisfactory product will result.
2. Promissory Estoppel: An agreement or contract exists, based largely on the behavior or actions of the
parties involved (implied agreement).
3. Contract Law and Tort Law Difference: Contract Law supports and upholds voluntary duties
between parties, agreed to in a contract.
Tort Law supports and upholds duties imposed by law between parties and is not dependent on any contract between
them.
4. Elements of a Contract: Offer & Acceptance, Meetings of the Minds, Consideration, Lawful Subject Matter,
and Competent Parties.
5. Contract Delivery Methods: Traditional Design-Bid-Build (DBB), Traditional DBB with early procure-
ment, Traditional DBB with Construction Manager, Traditional DBB with early procurement and CM, DBB + CM @ Risk,
Design-Build or EPC, Turnkey, and Fast Track
6. What is a Contract/Lowest Responsive Responsible Bidder meaning: The Bidder
who fully complied with all of the bid requirements and whose past performance, reputation, and financial capability
is deemed acceptable, and who has offered the most advantageous pricing or cost-benefit, based on the criteria
stipulated in the bid documents.
7. Basic premise of Contract Law: Party must honor contract or respond in damages, parties presumed
to know content of contracts, contracts upheld as written.
8. AIA: American Institute of Architects
9. AGC: Associated General Contractors of America
10. IFB: Invitation For Bidder
11. Three Project Award Methods: Competitive bidding, Negotiation, and Direct Assignment
12. Elements of the Bid: Advertisement, Invitation to Bid, and Instructions to Bidders
13. Three reasons for owner to issue addenda to bid documents: Correction of errors
or discrepancies in specs. Errors in drawings are corrected through an updated revision of the drawings. All revisions
should be conveyed to all bidders uniformly.
Making owner-initiated changes. Furnishing clarifications in response to questions raised by bidders. Same answers
should be given to all bidders. Additions, deletions, or modification of products to include "or equal."
Changing previously stated requirements including due date, period of validity of bids, or other important conditions.
14. Three advantages to Competitive Bidding: Provides clear idea of total construction cost.
Fair to all contractors.
1/4
