APPA CEFP GUARANTEED TESTED QUESTIONS AND CORRECT
ANSWERS
◉ Lump Sum Fee. Answer: Is a fixed -price agreement , broken down
into phases: Preliminary, design development, construction documents,
and construction administration. This is generally calculated for an
estimate by the designer for the amount of work(hours) necessary by
task."
[ref. BOK - Planning, Design and Construction, Special Topics, In-
House Design/Construction Services]
◉ Fixed Percentage of Cost Fee. Answer: Used on larger projects of
known scope and budget. It is also often used as a comparator between
different consultants."
[ref. BOK - Planning, Design and Construction, Special Topics, In-
House Design/Construction Services]
◉ Time and Materials Fee. Answer: "Used for projects on unknown
scope. The fee are directly charged based on the hourly rates and the
number of hours require to perform a task."
,[ref. BOK - Planning, Design and Construction, Special Topics, In-
House Design/Construction Services]
◉ Letter of Intent (LOI). Answer: "Defines the general terms and
conditions of a transaction and provides the basis for the drafting of a
subsequent agreement."
\ref. BOK - Planning, Design and Construction, Special Topics, Real
Estate]
◉ Ground Lease. Answer: "A lease of extended duration that is
frequently structured to allow the construction of improvements by the
lessee of an institution's land."
ref. BOK - Planning, Design and Construction, Special Topics, Real
Estate]
◉ Easement. Answer: "Also known as deeded rights of way, involving
the long term or permanent conveyance between parties of certain rights,
privileges, and interested in property."
[ref. BOK - Planning, Design and Construction, Special Topics,
Renovations]
, ◉ Repair. Answer: "Reconstruction of renewal of any part of an existing
building for the purpose of maintaining it."
[ref. BOK - Planning, Design and Construction, Special Topics,
Renovations]
◉ Alteration. Answer: "Construction or renovation to an existing
structure rather than repair or addition."
[ref. BOK - Planning, Design and Construction, Special Topics,
Renovations]
◉ Restoration. Answer: "The process of accurately reconstructing or
repairing the forms and details of a building or structure of portion
thereof as it appeared at a particular period or periods of time by means
of removal of later work and/ or the replacement of missing original
work."
[ref. BOK - Planning, Design and Construction, Special Topics,
Renovations]
◉ Preservation. Answer: The act or process of applying measures
necessary to sustain the existing form, integrity, and materials of historic
property."
ANSWERS
◉ Lump Sum Fee. Answer: Is a fixed -price agreement , broken down
into phases: Preliminary, design development, construction documents,
and construction administration. This is generally calculated for an
estimate by the designer for the amount of work(hours) necessary by
task."
[ref. BOK - Planning, Design and Construction, Special Topics, In-
House Design/Construction Services]
◉ Fixed Percentage of Cost Fee. Answer: Used on larger projects of
known scope and budget. It is also often used as a comparator between
different consultants."
[ref. BOK - Planning, Design and Construction, Special Topics, In-
House Design/Construction Services]
◉ Time and Materials Fee. Answer: "Used for projects on unknown
scope. The fee are directly charged based on the hourly rates and the
number of hours require to perform a task."
,[ref. BOK - Planning, Design and Construction, Special Topics, In-
House Design/Construction Services]
◉ Letter of Intent (LOI). Answer: "Defines the general terms and
conditions of a transaction and provides the basis for the drafting of a
subsequent agreement."
\ref. BOK - Planning, Design and Construction, Special Topics, Real
Estate]
◉ Ground Lease. Answer: "A lease of extended duration that is
frequently structured to allow the construction of improvements by the
lessee of an institution's land."
ref. BOK - Planning, Design and Construction, Special Topics, Real
Estate]
◉ Easement. Answer: "Also known as deeded rights of way, involving
the long term or permanent conveyance between parties of certain rights,
privileges, and interested in property."
[ref. BOK - Planning, Design and Construction, Special Topics,
Renovations]
, ◉ Repair. Answer: "Reconstruction of renewal of any part of an existing
building for the purpose of maintaining it."
[ref. BOK - Planning, Design and Construction, Special Topics,
Renovations]
◉ Alteration. Answer: "Construction or renovation to an existing
structure rather than repair or addition."
[ref. BOK - Planning, Design and Construction, Special Topics,
Renovations]
◉ Restoration. Answer: "The process of accurately reconstructing or
repairing the forms and details of a building or structure of portion
thereof as it appeared at a particular period or periods of time by means
of removal of later work and/ or the replacement of missing original
work."
[ref. BOK - Planning, Design and Construction, Special Topics,
Renovations]
◉ Preservation. Answer: The act or process of applying measures
necessary to sustain the existing form, integrity, and materials of historic
property."
