CAPSTONE REVIEW QUESTIONS CHAPTER 2

The possible approaches for delivering a project are virtually unlimited. A key reason for such variations is: a. The different roles that can be assumed by project participants. b. Different forms of contracts and methods of compensation that can be used. c. The different levels of care, responsibility, and risks assumed by the parties involved. d. All of the above. - Answer-d. All of the above. The traditional delivery system is characterized by executing the major phases of a project in: a. An overlapping concept b. A linear sequence c. A fast track method d. All of the above. - Answer-b. A linear sequence A key advantage of the traditional delivery approach is: a. With the traditional delivery system, the cost of the construction phase is known before construction starts. b. Construction documents are 100% complete. c. When the construction contract is signed, the major risk belongs to the contractor. d. All of the above. - Answer-d. All of the above. Design-build and at-risk construction delivery systems allow the option to fasttrack or phase a project. a. True b. False - Answer-a. True Most definitions of construction management are similar. However, a contractual definition is not known until: