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Question 1

Is a schedule of when contractors and suppliers will be paid for the current progress of installed work

Answer 1

Contractor progress payment schedule

Question 2

Are partial payments for work completed during a portion of a construction period, usually a month.

Answer 2

Progress payments or interim payments

Question 3

Referring to an obligation that arises from a document that has been signed or issued by the warrantor

Answer 3

Warranty

Question 4

Summaries of the day’s events in the member’s own words. They are used to keep track of any daily work activity, conversations, observations, or any other relevant information regarding the construction activities

Answer 4

Diaries

Question 5

Keeps track of the regular activities on the job site such as phone logs, transmittal logs, delivery logs

Answer 5

Logs

Question 6

Are more formal way of recording information on the job site. They contain information that includes the day’s activities, temperature and weather conditions, delivered equipment or materials, visitors on the site and equipment used that day.

Answer 6

Daily field reports

Question 7

Are required on a daily basis

Answer 7

Labor statements

Question 8

Are needed for labor planning to complete a project in time

Answer 8

PERT CPM

Question 9

Uses a third party mediator to resolve any disputes. The mediator helps both disputing parties to come at a mutual agreement. Thus process ensures that no attorneys become involved in the dispute and is less time-consuming

Answer 9

Mediation

Question 10

Takes more time and money that a mediation. It takes place in an informal setting and involves some type of advisor or attorney that must be paid. The disputing parties may come to an agreement or the third party advisor may offer their advice. The agreement is non binding and can be broken.

Answer 10

Minitrial

Question 11

Is the most costly and time-consuming way to resolve a dispute. Each party is represented by an attorney while witnesses and evidence are presented.

Answer 11

Arbitration

Question 12

The construction typically includes three parties:

Answer 12

Owner
Licensed designer
Builder

Question 13

A contract which involves planning, design, and construction contract administration

Answer 13

Owner-designer contract

Question 14

A contract which involves construction

Answer 14

Owner-contractor contract

Question 15

To provide construction advice to the designer, design advice to the constructor on the owner’s behalf and other advise as necessary

Answer 15

Construction manager

Question 16

Describes the prevailing model of construction management, in which the general contractor is engaged through a tender process after designs have been compl by the architect or engineer

Answer 16

Design, bid , build

Question 17

Many owners - particularly government agencies - let put contracts know as

Answer 17

Design-build contracts

Question 18

In this type of contract, the construction team (known as the design-builder) is responsible for taking the owner’s concept and completing a detailed design before proceeding with construction.

Answer 18

Design-build contracts

Question 19

Is a fee-based service in which the construction manager is responsible exclusively to the owner , acting in the owner’s interests at every stage of the project

Answer 19

Construction cost management

Question 20

Is a delivery method which entails a commitments by the construction manager to deliver the project within a guarantee maximum price (GMP)

Answer 20

CM at-risk

Question 21

Can represent the owner by helping select the design and construction teams and managing their he design, helping owner stay within a predetermined budget

Answer 21

Agency CM

Question 22

Acts as a consultant to the owner in the development and design phases and as a general contractor during construction

Answer 22

Construction management

Question 23

Is a global term referring to the business relationship of a construction contractor, owner and architect

Answer 23

CM at-risk

Question 24

In which it signs contracts with incentives for early completion and penalties for late completion, and uses intense construction during longer periods of complete closure to shorten the overall project duration and reduce cost

Answer 24

Accelerated construction techniques