PART 1 Flashcards
A professional service that uses specialized, project management techniques to oversee the planning, design, and construction of a project, from its beginning to its end.
Construction Management
Purpose of Construction Management
to control a project’s time/delivery, cost and quality
Triple Constraints or Project Management Triangle
Scope, Cost, Time
Three common selection methods:
Low-bid selection
Best-value selection
Qualifications-based selection
Common types of Construction
Commercial
Heavy Civil
Agricultural
Industrial
Residential
Institutional
Environmental
Types of bids
Open Bid
Closed Bid
A bid used for public projects. Any and all contractors are allowed to submit their bid due to public advertising.
Open Bid
A bid used for private projects. A selection of contractors are sent an invitation for bid so only they can submit a bid for the specified project.
Closed Bid
This selection focuses on the price of a project.
Low-Bid Selection