CMIT Capstone Course Questions And Answers Already Graded A+

CMAA - Construction Management Association of America Construction Management - A professional management practice applied to construction projects from project inception to completion for the purpose of controlling time, cost, scope, and quality. Good management techniques and best practices (applicable in the design and construction industry) -Understand and rely on: new technologies fair business practices comprehensive budgets accurate schedule forecasts sound dispute resolution practices rigorous safety programs, etc. Sound CM experience and expertise - What's gained in one segment of the industry has value in other sectors as well. Public Owners - Involved in project development for federal, state, or municipal projects. Semi-Public Institutions (i.e.: utilities, regional airport authorities, educational and research institutions) conduct themselves as public sector owners. . Public owners exert great influence in project development. FAR - Federal Acquisition Regulations Define and differentiate public and private sector contracting. Applicable to most executive agencies in federal government. Greatly influence most other US public/semi-public owners for acquisition process and execution of public sector projects. Public/Semi-Public Projects - Funded through taxes or other public revenue (e.g.: municipal bonds). Account for nearly 80% of all dollars spent for projects developed in the US. Have immense diversity, scope, and size. Principal Differentiatiors of Public Owners (3) - 1. Open procurement process for selection of project teams. 2. Their advantage in contract language. 3. Inclusion of socio-economic objectives in contract. Open Procurement Process - For procurement of consultant services (architects, CMs, construction contractors, design-builders, etc.). Open and competitive process. Generally advertised publicly. Proposals evaluated against pre-established, published criteria. Selection based on price or best value. . Considerations include both technical and price components.