MAKING BUILDINGS Flashcards
What are the three things that a turnkey project provides?
Design, construction services, and financing
What is the difference between a construction manager at fee and a construction manager at risk?
A construction manager at fee is contracted separately from the other contractors by the owner directly. A construction manager at risk is consulted directly by the owner and then subcontracts out all the construction contractors.
How does a single-purpose entity run a project?
Owner, architect, and construction are under one entity
Who assumes the risk in lump some or fixed fee construction services?
The construction contractor assumes the risk
Cost plus fee is most often used with….
Design/build scenarios or when a project scope is not completely known
The critical path of the project determines the…
The least amount of time the project can be completed in
