Obj. 1.1 - Resources with the Practice

Question 1

Indemnification

Answer 1

A legal relationship where one party takes on responsibility for the loss or damage suffered by another party. The AIA contracts contains extensive references to this concept throughout, as the owner, architect, and contractor each indemnify the other in various ways.

Question 2

Integrated Supply Team (IST)

Answer 2

A type of enterprise resource planning approach employed by an integrated project delivery type

Question 3

Pre-Construction Meeting

Answer 3

conference at the beginning of construction work where many aspects of construction is discussed, including start-up requirements, site observation processes, submittal procedures, etc.

Question 4

Prime Consultant

Answer 4

A consultant contracted directly to the client

Question 5

RFQ

Answer 5

Request For Qualifications: a request issued to a prospective supplier or consultant to demonstrate their ability to meet project requirements

Question 6

Subconsultant

Answer 6

A consultant who is contracted to another consultant known as the primary consultant.

Question 7

Subrogation

Answer 7

The substitution of one party for another with regard to the exercise of a legal right. For example, this occurs within the context of insurance claims recovery when an insurer pursues repayment from a third party on behalf of the insured

Question 8

Work Authorization

Answer 8

An official notice to begin work on a project

Question 9

Scope of Work

Answer 9

The full agreed-upon extent of what work is to be performed; also typically includes a list of deliverables and their schedule. The project team must be aware of an able to manage how this may change throughout design and construction

Question 10

Bar Chart (Gnatt Chart)

Answer 10

graphically depicts the sequence and temporal overlap of project tasks or phases

Question 11

Critical Path Method (CMP)

Answer 11

A scheduling which depicts the necessary tasks in order for completion of a given goal are mapped out so that dependencies and optimal timeframes can be established.

Question 12

Economy of Scale

Answer 12

The cost savings that can be achieved by increased production of a product

Question 13

Float

Answer 13

The amount of time a task can be delayed without affecting other tasks or the project end date

Question 14

CSI MasterFormat

Answer 14

A master list of numbers and titles, classified by work results or construction practices, that is primarily used to organize project manuals and detailed cost information, as well as to relate drawing notations to specifications

Question 15

Utilization Rate

Answer 15

The percentage of an employee’s time that is billed to clients. Calculated using the formula: (billable time/total time) x 100

Question 16

Work Plan

Answer 16

A scheduling describing the tasks and milestone dates a person or team must complete on a project.

Question 17

Reimbursables

Answer 17

Any expense incurred on behalf of the project that, in accord with the contractual agreement, is to be reimbursed by the client. For example, travel and lodging costs associated with site visits

Question 18

Staffing

Answer 18

the ongoing process of allocating employees to projects

Question 19

billable rate

Answer 19

the amount charged for labor performed typically by the hour.

Question 20

Internal budget

Answer 20

A financial plan used by a business to determine staffing and project completion milestones

Question 21

Discrimination

Answer 21

any unjust or prejudiced treatment direct towards individuals based on race, sex, religion, etc.

Question 22

Human Resource Management (HRM)

Answer 22

Formal policies, guidelines, and systems that a business employs to address the management of personnel within an office. These responsibilities include hiring, compensation and benefits, promotion, dispute resolution and other aspects of staff development

Question 23

What are Firm Organization structures

Answer 23

Sole Proprietorship
General Partnership
Limited Partnership
C Corporation
S Corporation
Professional Corporation
Limited Liability Partnership
Limited Liability Corporation
Joint Venture

Question 24

What are benefits to expanding ownership structure to a partnership or corporation as firm grows?

Answer 24

Increased flexibility to serve clients
Sharing of a particular niche or expertise
Greater capital
Roles must be established for partners and owners

Question 25

What is a performance appraisal

Answer 25

Takes both negative and positive comments on the personal growth professionally

Question 26

What are performance appraisal goals?

Answer 26

• Communication of firms goals and priorities
• Clarification of employee’s roles, responsibilities, and expectations
• Encouragement and support between managers and employees
• Identification of training and development
• Annual Goal set up
• Long term professional goals

Question 27

What are common compensation options for fee calculations after contract signed?

Answer 27

1. Lump Sum fixed fees
2. Hourly w/no upset based on hourly billing rates
3. Hourly w/ a max to not exceed
4. Cost plus fixed fees
5. Percentage of actual construction cost