PDF 1 Flashcards
Is a schedule of when contractors and suppliers will be paid for the current progress of installed work
Contractor progress payment schedule
Are partial payments for work completed during a portion of a construction period, usually a month.
Progress payments or interim payments
Referring to an obligation that arises from a document that has been signed or issued by the warrantor
Warranty
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
Diaries
Keeps track of the regular activities on the job site such as phone logs, transmittal logs, delivery logs
Logs
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.
Daily field reports
Are required on a daily basis
Labor statements
Are needed for labor planning to complete a project in time
PERT CPM
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
Mediation
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.
Minitrial
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.
Arbitration
The construction typically includes three parties:
Owner
Licensed designer
Builder
A contract which involves planning, design, and construction contract administration
Owner-designer contract
A contract which involves construction
Owner-contractor contract
To provide construction advice to the designer, design advice to the constructor on the owner’s behalf and other advise as necessary
Construction manager
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
Design, bid , build
Many owners - particularly government agencies - let put contracts know as
Design-build contracts
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.
Design-build contracts
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
Construction cost management
Is a delivery method which entails a commitments by the construction manager to deliver the project within a guarantee maximum price (GMP)
CM at-risk
Can represent the owner by helping select the design and construction teams and managing their he design, helping owner stay within a predetermined budget
Agency CM
Acts as a consultant to the owner in the development and design phases and as a general contractor during construction
Construction management
Is a global term referring to the business relationship of a construction contractor, owner and architect
CM at-risk
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
Accelerated construction techniques
