Section 1 Flashcards
Indemnification
A legal relationship where one party takes on responsibility for the loss or damage suffered by another party. The AIA contracts contain extensive references to this concept throughout, as the owner, architect, and contractor each indemnify the other in various ways.
Professional liability insurance
Insurance held by a business to protect it against claims of malpractice in the delivery of its professional services. Also called errors and omissions insurance.
Integrated supply team (IST)
Integrated supply team (IST)
A type of enterprise resource planning approach employed by an integrated project delivery (IPD) team in which all members of the supply chain collaborate to provide the best value to the project team as a whole.
Pre-construction meeting
Pre-construction meeting
A conference that occurs at the beginning of construction work where many aspects of construction are discussed, including start-up requirements, site observation processes, submittal procedures, etc.
Prime consultant
A consultant contracted directly to the client
RFQ
Request for qualifications: a request issued to a prospective supplier or consultant to demonstrate their ability to meet project requirements.
Subconsultant
A consultant who is contracted to another consultant known as the prime consultant.
Subrogation
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.
Work authorization
An official notice to begin work on a project.
Scope of work
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 and able to manage how this may change throughout design and construction.
Bar chart
Also called a Gantt chart, it is used to graphically depict the sequence and temporal overlap of project tasks or phases.
Critical path method (CPM)
A scheduling process in which all tasks necessary for the completion of a given goal (or overall project) are mapped out so that dependencies and optimal timeframes can be established.
Economy of scale
The cost savings that can be achieved by increased production of a product.
Float
The amount of time a task can be delayed without affecting other tasks or the project end date.
CSI MasterFormat
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.
