EXAC Exam 4 UPDATED ACTUAL Exam
Questions and CORRECT Answers
Design-Bid-Build - CORRECT ANSWER - CCDC 2 - Stipulated Price Contract
CCDC 3 - Cost Plus
CCDC 4 - Unit Cost
Advantages:
- Widespread use / familiarity
- Clear roles
- Transparent process
- Thorough design resolution prior to construction
- Direct professional relationship
- Known price prior to construction
Disadvantages:
- Separation of design and construction restricts useful communication
- Extras appear more prevalent
- Contractor unknown
- Low bidder may not be best
Construction Managed - CORRECT ANSWER - CCDC 5A - CM Contract for Services
CCDC 5B - CM Contract for Services and Work
Advantages
- Direct contractual relationship with owner
- Construction advice during design phase
- Call bids sequentially, save time
,- Careful monitoring of costs / schedule
Disadvantages
- Construction starts before costs known
- Added cost and time for additional consultant
- More complex relationship, traditional roles confused
- Less control over final costs
- Conflict of interest if CM doing work
- Multiple construction contracts increase admin
Design Build - CORRECT ANSWER - CCDC 14
Advantages
- Functional program / owners decisions early
- Cost benefit analysis early
- Immediate feedback on design
- Streamline process increases efficiency
- Team approach reinforced
Disadvantages
- Responsibility of design shifts from owner to design builder
- Decisions based on initial cost, not long term value
- Cost determined before design complete
- Architects role is reduces
- Potential for conflict between regulated architect and unregulated contractor
- Lack of communication b/w architect and contractor
- Conflict of interest if client/builder are one
, Public Private Partnership - CORRECT ANSWER - A business venture approach whereby
a public sector authority and a private enterprise join forces and combine resources to deliver
government projects aimed at serving the public good
Advantages
- Uses efficiencies and expertise of private sector for public work
- Allows projects to be financed in ways that not possible otherwise
- Life cycle costs reduced
- Single point responsibility
- Architect may develop long term relationship
- Reduces time and construction schedule
Disadvantages
- Transfers risk to private sector
- Not always "best value"
- Lack of communication b/w architect and owner
- Building users have less control
- Difficult to obtain liability insurance
- Difficult for small market architects to compete
Project Management - CORRECT ANSWER - Advantages
- Well informed owner makes well informed decisions
- Quality may improve when using PM's expertise
Disadvantages
- May not be allowed in all jurisdictions
- Owners ability to control construction costs reduced
Questions and CORRECT Answers
Design-Bid-Build - CORRECT ANSWER - CCDC 2 - Stipulated Price Contract
CCDC 3 - Cost Plus
CCDC 4 - Unit Cost
Advantages:
- Widespread use / familiarity
- Clear roles
- Transparent process
- Thorough design resolution prior to construction
- Direct professional relationship
- Known price prior to construction
Disadvantages:
- Separation of design and construction restricts useful communication
- Extras appear more prevalent
- Contractor unknown
- Low bidder may not be best
Construction Managed - CORRECT ANSWER - CCDC 5A - CM Contract for Services
CCDC 5B - CM Contract for Services and Work
Advantages
- Direct contractual relationship with owner
- Construction advice during design phase
- Call bids sequentially, save time
,- Careful monitoring of costs / schedule
Disadvantages
- Construction starts before costs known
- Added cost and time for additional consultant
- More complex relationship, traditional roles confused
- Less control over final costs
- Conflict of interest if CM doing work
- Multiple construction contracts increase admin
Design Build - CORRECT ANSWER - CCDC 14
Advantages
- Functional program / owners decisions early
- Cost benefit analysis early
- Immediate feedback on design
- Streamline process increases efficiency
- Team approach reinforced
Disadvantages
- Responsibility of design shifts from owner to design builder
- Decisions based on initial cost, not long term value
- Cost determined before design complete
- Architects role is reduces
- Potential for conflict between regulated architect and unregulated contractor
- Lack of communication b/w architect and contractor
- Conflict of interest if client/builder are one
, Public Private Partnership - CORRECT ANSWER - A business venture approach whereby
a public sector authority and a private enterprise join forces and combine resources to deliver
government projects aimed at serving the public good
Advantages
- Uses efficiencies and expertise of private sector for public work
- Allows projects to be financed in ways that not possible otherwise
- Life cycle costs reduced
- Single point responsibility
- Architect may develop long term relationship
- Reduces time and construction schedule
Disadvantages
- Transfers risk to private sector
- Not always "best value"
- Lack of communication b/w architect and owner
- Building users have less control
- Difficult to obtain liability insurance
- Difficult for small market architects to compete
Project Management - CORRECT ANSWER - Advantages
- Well informed owner makes well informed decisions
- Quality may improve when using PM's expertise
Disadvantages
- May not be allowed in all jurisdictions
- Owners ability to control construction costs reduced
