Study Exam Guide for DBIA Final Questions and Answers 100% Correct

Study Exam Guide for DBIA Final Questions and Answers 100% Correct acceptance - CORRECT ANSWER-a party accepts the other party's offer Acceptance - CORRECT ANSWER-A party accepts the other party's offer An owner using a competitive design build procurement that seeks price and technical proposals should do what? - CORRECT ANSWER-I . establish clear evaluation and selection processes, 2. ensure that the process is fair, open and transparent, and 3. value both technical concepts and price in the selection process Authority - CORRECT ANSWER-the individual forming the contract must have authority to do so Authority - CORRECT ANSWER-The individual forming the contract must have authority to do so Best Practice - CORRECT ANSWER-the belief that there is a technique, method or process that is more effective at delivering a particular outcome than any other. Best Value - CORRECT ANSWER-Maximum performance and quality for the least cost Best Value - CORRECT ANSWER-quantitative and qualitative, two phase (RFQ and RFP), opportunity to optimize Betterment Doctrine - CORRECT ANSWER-Avoids windfalls- owner must pay first cost Betterment theory - CORRECT ANSWER-owner cannot be in a better position than if the breach hadn't occurred; owner cannot get something for nothing Bid Shopping - CORRECT ANSWER-providing confidential pricing or technical data from one bidder to another with the intent of receiving some advantage BIM - CORRECT ANSWER-Building Information Modeling bridging documents - CORRECT ANSWER-example would be Owner supplying preliminary design documents- they may be subject to errors/omissions putting owner at risk to be dealing with Spearin Doctrine Builder's Risk Policy - CORRECT ANSWER-Coverage that protects insurable interest in materials, fixtures, & equipment being used in constructions should those items sustain physical loss or damaged from a covered cause.