Random Construction Management Terms Flashcards
1
Q
Experience Modifier Rate (EMR)
A
Average EMR is 1.0, under 1.0 is good or relatively safe, above 1.0 is bad
Insurance and qualified measure of safety on jobsites. Gov’t and private owners look at it for bids
2
Q
5 Ways EMR hurts your business
A
Losing gov’t contracts
losing private contracts
losing contracts to bid protests
Competitors get preferential treatment
Spending too much on preventable safety incidents
3
Q
Design - Bid - Build
A
Owner (works with CM - they cordinate everything)
Architect - CM - Contractors (Hire subs - subs hire suppliers)
4
Q
Design Build
A
Owner Hires Design builder
Design Builder hires suppliers and subs
5
Q
Cost Plus Contract
A
Contractor is paid for all of their construction-related expenses plus a specific agreed upon amount for profit
