Lecture 1 - Construction Practice Flashcards
The construction industry: new construction accounts for ___ of the GDP and retrofit projects contribute an additional ___
4, 6.5
Industrial construction makes up ___% of the construction industry
5-10
heavy engineering construction makes up ___% of the construction industry
20-25
Building construction makes up ___% of the construction industry
35-40
residential construction makes up ___% of the construction industry
30-35%
the construction industry has _________ in annual sales
500 billion
the construction industry accounts for what percentage of the nation’s GDP
4-12%
the construction industry has how many direct and indirect workers
4 mil direct and 8 mil indirect
the construction industry accounts for ____% of US jobs
6.4%
how many construction companies are there
approx. 2 million
the construction industry has a ____ investment in R&D
low
construction is a ______ _______ industry
easy entry
construction industry requires _____-_____ labor
low-skill
what ratio of new businesses are in construction
1/8
what percent of construction businesses fail
20%
The top ____ companies perform ____ to ____% of the work
40, 25 to 35%
what is the average number of employees in a construction company
less than 10
________ reflects the dynamic of the construction industry in the economy
housing
_______ has stages of market study, design, fabrication, and distribution
_______ has stages of market need study, planning and design, procurement and construction
manufacturing, construction
_______ purchaser is not designated during design and production
________ purchaser is designated prior to design and production
Manufacturing, construction
________ has custom products
________ has speculation (batch) products
construction, manufacturing
_______ has risk of fialing to complete the project in a timely manner
_______ has risk of failing to recover the moey invested
construction, manufacturing,
________ payment happens when the unit is purchased
________ payment happens along the project life cycle
Manufacuring, construction
what are the 4 Ms
manpower, machines, materials, money
What are the lifecycle stages of construction
planning, design, procurement, construction, operation and maintenance, and demolition.
Planning and definition phase:
requirements from each _______ __________ including constraints
project ___________
preliminary ___________ or _________ designs
project stakeholders, characteristics, architectural or engineering
5 Types of stakeholders
owner, designer, general contractor, specialty contractor, and vendors and suppliers
Sub-contracting is used because
prime does not have _________ ________ or _______ needed
prime is ______________ in the specialty area
specific licensing, bonding, and ____________ ___________ for the specialty.
experienced people, equipment, overburdened, insurance requirements
what are the 3 project delivery systems
design-bid-build, design-build, construction manager/general contractor
design-bid-build
competitive _________ ___________ providing their references and qualifications indicate they will do a good job
usually result in the ________ __________ _____________ ______ due to the widest open field of bidding competition
sealed proposals, lowest total construction cost
Construction manager
teamed up with your ___________ ________________ at the ____________ of the design process
timing of involvement ____________ or ___________
general contractor, beginning, preconstruction, construction services
Design-build
______-_____% of all projects today
____________ _____________ because fast tracking naturally occurs
____________ and _____________ improve
Number and type of change orders are ____________ ____________
45-50%, time advantages, accountability and coordination, substantially reduced
Characteristics of Construction Projects
* ____ (schedule) pressure
* ____ overrun
* Complexity
* Uncertainty/Risk
* Safety
* Turnover
* Conflict/Litigation (claims
are 1% of cost)
* _________
* Unique
* Fragmented
* Non _____________ production
process (unlike manufacturing)
time, cost, dynamic, standardized
