Verified by Experts
Contractor Led The most common DB entity structural arrangement?
1 - Contractor
2 - Architect What contracts does the owner holds in a CM @ Risk delivery method.
Qualifications and Best Price How architect/engineering firms are typically selected?
Sole Source/Direct Selection A procurement option where the DB'er is selected strictly on
the basis of predetermined values and qualification criteria already determined in consideration
of reputation of prior dealings with the owner? Often highly specialized.
Qualifications Based Selection The procurement option generally used for a CM @ Risk
project delivery system:
, Best Value Type of Procurement that considers: qualifications, price and technical design
merits, typical to DB.
Qualifications Based Selection Type of Procurement where demonstrated competence
and project approach is the basis for selection. PRICE IS NOT.
Unit Price The contract approach/payment methodology that is based on specific rates
given for completed construction items.
Cost Plus Fee The contract approach/payment methodology that gives the contractor
little incentive to be efficient as there is no guaranteed price.
Targeted Price The contract approach/payment methodology where the DB'er and the
Owner collaborate to establish pricing with no profit at the beginning of the job and fees are
earned quarterly if performance and pricing are met.
Factors that influence the Owner's project delivery choice. 1 - Past Experience
2 - Procurement Legislation in the State