M2 CONCEPTS Flashcards

1
Q

an endeavor that is undertaken to produce the results that xare expected by the requesting party

A

Project

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2
Q

Components of a project

A
  • Scope
  • Budget
  • Schedule
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3
Q

Types of Construction Projects

A
  • Horizontal (Heavy Civil) Construction Projects
  • Vertical Construction Projects
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4
Q

Major Types of Construction Projects

A
  • Residential Housing
    Construction
  • Institutional and Commercial Building Construction
  • Specialized Industrial Construction
  • Infrastructure and Heavy Construction
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5
Q

Refers to built-up space that is
intended for habitation. Includes houses and high-rise apartments.

A

Residential Housing Construction

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6
Q

Covers a wide variety of project types and sizes, e.g., schools, hospitals, shopping
center, warehouses, skyscrapers, etc.
▪ Higher cost and complexity (compared to residential construction)

A

Institutional and Commercial Building Construction

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7
Q

Involves very large and complex
projects, e.g., chemical processing
plants, oil refineries, power plants,
etc.

A

Specialized Industrial Construction

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8
Q

Usually big-ticket public projects e.g., highways, bridges, sewage treatment plants, etc. Usually financed through bonds or taxes

A

Infrastructure and Heavy Construction

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9
Q

Types/Forms of Construction Contracts

A

▪ Construction Industry Authority of the Philippines (CIAP) Document 102 for Private Construction

▪ Philippine Bidding Documents (PBD) for Government Construction Projects

▪ International Federation of Consulting Engineers (FIDIC) Forms of Contract for Foreign-funded Construction Projects

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10
Q
  • Owns and finances the project
  • Engages architects, engineering firms, and contractors
  • Responsible to define project objectives
A

Owner (The Client)

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11
Q
  • Assist in developing a project’s scope, budget, and schedule
  • Prepares construction documents
A

Design Professionals (Architect & Engineers)

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12
Q
  • Responsible for constructing a project
A

Construction Professionals

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13
Q

charged with overall coordination of a
construction program

A

Project Manager

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14
Q

administers the on-site construction
activities and the consulting services

A

Construction Manager

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15
Q

Traditional (Design - Bid - Build)

A

Owner - Designer & General Contractor - Subcontractor & Own work force

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16
Q

Design - Build

A

Owner - Engineer Contractor - Designer & General Contractor - Subcontractor & Own Work Force

17
Q

Professional Management Contracting

A

Owner - Designer & General Contractor acting as Construction Manager - Subcontractor

18
Q

Professional Construction Management

A

Owner - Designer & Construction Manager - Independent contractors

19
Q

Design - Manage

A

Owner - Engineer Construction Manager - Designer & Construction Manager - Independent Contractors

20
Q

Owner - Builder

A

Owner - Design department & Construction department - Contractors/ Subcontractors & Optional Own Work Force

21
Q

can be broadly defined as a contractual agreement between the Government and a private firm targeted towards financing, designing, implementing and operating infrastructure facilities and services that were traditionally provided by the public sector.

A

Public-Private Partnership (PPP)

22
Q

Elements of PPP

A

▪ Strategic mode of procurement
▪ Shared resources and risks
▪ Contractual agreement between the public sector and the private
sector
▪ Value for Money (VfM)
▪ Acceleration of infrastructure provision and faster implementation
▪ Outcome orientation

23
Q

Advantages of PPP

A

▪ Encourages the injection of private sector capital
▪ Makes projects affordable
▪ Delivers VfM
▪ Each risk is allocated to the party who can best manage or absorb it
▪ Forces the public sector to focus on outputs and benefits from the start
▪ Quality of service has to be maintained for the entire duration of the
cooperation period
▪ Encourages innovation

24
Q

FIDIC Forms: Conditions of Contract for
Construction for Building & Engineering
Works Designed by the Employer

A

Red book

25
Q

FIDIC Forms: for Plant and Design-Build

A

Yellow book

26
Q

FIDIC Forms: for Design-Build and Turnkey

A

Orange book

27
Q

FIDIC Forms: for EPC/Turnkey

A

Silver book

28
Q

FIDIC Forms: Short Form of Contract

A

Green book