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DBIA: Principles of Design-Build and Post Award & Contracts Questions and Answers 100% Solved

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DBIA: Principles of Design-Build and Post Award & Contracts Questions and Answers 100% Solved Cost Plus Fee Contract Format - contractor reimbursed for actual cost plus an agreed upon percentage GMP (Guaranteed Maximum Price) Contract Format - Combines Cost-Plus & Lump-Sum, contractor reimbursed for actual cost plus a fee only up to a certain amount.

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DBIA: Principles of Design-Build and Post
Award & Contracts Questions and Answers
100% Solved

Cost Plus Fee Contract Format - contractor reimbursed for actual cost plus an agreed

upon percentage




GMP (Guaranteed Maximum Price) Contract Format - Combines Cost-Plus & Lump-Sum,

contractor reimbursed for actual cost plus a fee only up to a certain amount.




Unit Price Contract Format - cost per piece




Target Price Contract Format - established cost/benchmark determined jointly by project

team.




Trust, Flexibility Successful Design Build requires _____ & _______ between participants

,Hammurabi Singular responsibility for both design & construction was first codified by

____




Bridging Documents Owner provided items such as 20% design or more and provides

prescriptive specs at RFP.




Spearin Doctrine Owner is responsible for implied warranties in the sufficiency of the

specifications.




Performance Requirements ____ ____ should identify end results.




Design Build Single point of responsibility for both design & construction is an attribute of

what delivery method?




Substantiation The process of checking milestones along the way for completeness.




Prescriptive Owner requiring specific products or methods be instituted by DB team in

order to achieve desired performance.

, False T/F Detailed estimating is the Building systems approach to estimating




False T/F feasibility estimate is cost model and establishes budget for project




True T/F key element of quality assurance is keeping communication lines open between

owner and DB




True T/F in Design/cost relationship of DB, the constructor establishes design parameters

for architect




False T/F trust is most important thing for DB




Schematic estimating DB estimating sequence where 15%-20% of design is completed




Trend logs Provides baseline budgets and schedules and list estimate trends

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