Research and development expenditures are higher in construction than in other industries. (T/F)
FALSE
Public sector projects are those funded by tax dollars through cities, towns, states, and the federal government. (T/F)
TRUE
Most construction subcontractors are classified as licensed registered professionals. (T/F)
FALSE
The amount of information that a project manager must consider increases as a project moves toward completion. (T/F)
TRUE
Dams, bridges, and highways are classified as commercial building projects. (T/F)
FALSE (They are heavy construction/infrastructure)
Site selection and financing are the responsibility of which project team member?
Owner
Which category of projects is often funded by public dollars and is termed infrastructure?
Heavy engineering
Which of the following statements would not be true with respect to the future of design-build industry?
B) Permits and regulations will decrease
As a project moves in time, the ability to change the project becomes _____ difficulties and _____ expensive.
More, more
Which of the following is not a characteristic of a project?
Usually being performed only once
The identification and preparation of bid packages is an important coordination activity between the designer and the construction manager. (T/F)
TRUE
A bid bond guarantees that if an owner accepts a contractor's bid, the contractor will enter into a contract in accordance with the contract terms. (T/F)
TRUE
Of all project phases, the construction phase requires the heaviest owner involvement. (T/F)
FALSE (The Conceptual Planning Phase)
Value engineering is a process by which the quality of a project is reduced to save the owner money and time. (T/F)
FALSE
A long-lead item is any material that takes considerable time from order to being received at the job site. (T/F)
TRUE
The advertising for subcontractors, review of subcontractors' bids, and awarding of contracts occur during which project phase?
Procurement Phase
The production of drawings and specifications is the output of which project phase?
Design Phase
A fair cost estimate is important for which of the following reasons?
D) All of the above
Contractor prequalification involves evaluating a contractor with respect to which of the following?
E) All of the above.
As-built drawings, warranties, guarantees, and operation manuals are all provided to the owner during which project phase?
Project Closeout
The delivery method that an owner chooses should be in response to the amount and type of risk that an owner sees in a project. (T/F)
FALSE
The greater the risk that an owner sees in a project, the lower the contingency that needs to be applied. (T/F)
FALSE (The greater the risk, the greater the contingency)
A delivery method is a type of contracting method. (T/F)
TRUE
A joint venture is the legal binding of two companies for the purpose of providing a competitive advantage that would be difficult to provide alone. (T/F)
TRUE
Contract changes are more likely to occur on a single fixed-price contract than on a cost-plus-fee contract. (T/F)
TRUE (Cost-plus accommodate all types of changes without change in contract)
The advantage(s) of a traditional delivery method is (are):
D) All of the above.
The developer of a 40-story high-rise office building desires the shortest possible construction time. What delivery method would be best?
E) Design-build and Construction project management only
Which of the following reasons is not a cause of contract change?
A) Poor job site productivity
Which of the following would be a source of owner project risk?
E) All of the above
Which type of contractual arrangement would be best used when the quantities of work are difficult to determine in advance?
Unit price
As estimates progress from conceptual to detailed, they take longer time to prepare and get less accurate. (T/F)
FALSE (get more accurate)
Conceptual estimates work with fewer but larger units than a detailed estimate. (T/F)
True
On a $2-million building project, a systems estimate should take about one day. (T/F)
TRUE
Estimating and value engineering are unrelated processes. (T/F)
FALSE
To prepare a conceptual estimate, completed drawings and specifications are required. (T/F)
FALSE
An estimate would not be used for which of the following reasons?
A) To determine how large a project can be funded.
B) To determine what level of quality can be funded.
C) To determine the projects duration.
D) To evaluate different project options.
C) To determine the projects duration
A contractor would prepare which type of estimate to bid a project?
Unit Price
The concept of a learning curve is as follows: As repetition increases, productivity _______.
Increases
As the design quality of a project increases, the value of the quality to the owner _________.
Increases at a decreasing rate
Which of the following would not have an impact on the final bid price that a contractor submits?
