CC Course Manual: Module 1 - The Construction Industry Flashcards
How can the linear design method be summarized?
concept-design-procedure-construct
Which method of construction is used to speed up construction by designing and building at the same time?
Fast-Track Construction
What are the two categories of Owners?
- Public Owners
- Private Owners
What two fields does the Designer generally consist of, and what services do they provide?
Designer consists of Architect/Engineer.
Main services include Design, Drawings, Contract Preparation, and Inspection
Does the Architect or Engineer usually lead Design in heavy construction projects?
The engineer is usually the lead Designer in heavy construction projects, whereas in other types of projects the Architect usually leads.
In what two ways can a contractor be classified?
General or Sub-Contractor
What is a Joint Venture?
Two or more contractors that join together for bidding on a large/unique construction project. It is a legal entity in which each member retains its separate legal status and which exists only until the completion of the project.
In a Traditional construction model, what two elements does the Conceptual phase consist of?
- Financial and/or marketing studies
- Preliminary or conceptual design
What construction methods does the Design Build model utilize?
Linear or Fast Track construction or some combination of the two
What are the two broad categories of the Construction Management Model?
- Agency Construction Management, where the CM manages the project but the owner signs
- At-Risk Construction Management, where the CM manages the project and takes risk
What construction model is more recent and is used by government agencies to alleviate funding restrictions? What does it do?
Public-private-partnership (P3). It uses government incentives such as property, access, zoning, operational revenue etc. for a private group to fund and design a public project.
What entity prepares an Owner’s estimate?
Usually the Architect/Engineer (A/E), sometimes with the help of a Professional Quantity Surveyor
What are the 25 steps in a Contractor’s estimate? :P
- Advance Preparation
- Obtain Contract Documents
- Study Plans and Specifications
- Delegate Areas of Responsibilities
- Inspect the Jobsite
- Prepare a Rough Estimate
- Commence Quantity Takeoffs
- Obtain Quotations on Materials and Subcontracts
- Determine Company Labour Costs
- Prepare Equipment Rate Schedule
- Prepare Estimating Instructions
- Select a Construction Method
- Select Plant and Equipment
- Prepare Construction Schedule
- Estimate Direct Costs
- Estimate Fixed Indirect Costs
- Estimate Variable Indirect Costs
- Estimate Plant and Equipment Costs
- Summarize Estimate
- Estimate Escalation
- Estimate Risk Allowance
- Tabulate Total Costs
- Analyze Cash Flow
- Review Estimate
- Submit Estimate
What is a Bid Depository?
A bid depository functions as a “mailbox”. It establishes a method of receiving sealed tenders from the trades in adequate time to allow contractors to compile their own bids. This process prevents the practice of “bid shopping” which attempts to obtain bid prices from a contractor without actually dealing with them, and then using that information to drive prices down among other contractors.
