1.2.1 The Construction Industry

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Questions and Answers

Which type of companies provide bonds to contractors in the construction industry?

  • Insurance companies
  • Sureties (correct)
  • Trade associations
  • Manufacturers

What do manufacturers and suppliers provide to architects?

  • Financial support
  • Technical assistance (correct)
  • Legal advice
  • Marketing materials

What are some examples of skilled tradespeople in the construction industry?

  • Office workers
  • Carpenters (correct)
  • Salespeople
  • Engineers

What do architects and engineers in most jurisdictions need to carry?

<p>Professional liability insurance (D)</p> Signup and view all the answers

What do architects typically include in their office library?

<p>Product samples (B)</p> Signup and view all the answers

What do community colleges and vocational schools provide in terms of training?

<p>Supplementary training (B)</p> Signup and view all the answers

What type of insurance do some associations establish for architects?

<p>Professional liability insurance (D)</p> Signup and view all the answers

What are some examples of skilled workers who must be licensed?

<p>Plumbers (D)</p> Signup and view all the answers

What do trade shows in the construction industry showcase?

<p>New technologies (D)</p> Signup and view all the answers

What do bonding and insurance companies provide to contractors and owners?

<p>Bonds and insurance (C)</p> Signup and view all the answers

Who are the major groups in the construction industry?

<p>Owners, designers, constructors, others (A)</p> Signup and view all the answers

What are the two distinct groups of building owners?

<p>Public sector and private sector (D)</p> Signup and view all the answers

Which group of professionals often acts as the prime consultant for building design work?

<p>Architects (A)</p> Signup and view all the answers

What is the role of trade contractors in construction?

<p>Perform specialized services (A)</p> Signup and view all the answers

How do construction firms finance their operations?

<p>Use bank and supplier credit (B)</p> Signup and view all the answers

What drives the labor force and hiring practices in the construction industry?

<p>Market fluctuations (C)</p> Signup and view all the answers

Who establishes the product standards used in the construction industry?

<p>Various standards-writing bodies (B)</p> Signup and view all the answers

What are the major components of the construction industry?

<p>Owners, designers, constructors, others (A)</p> Signup and view all the answers

What are the two ways in which governments contribute to the construction industry?

<p>Enacting legislation regulating construction and procuring, owning, leasing, managing, and maintaining buildings (D)</p> Signup and view all the answers

What is the role of lending institutions in the construction industry?

<p>Providing mortgage and finance services (C)</p> Signup and view all the answers

Which sector represents between 15% and 17% of Canada’s gross domestic product?

<p>Non-residential sector (B)</p> Signup and view all the answers

How many major sub-sectors does the construction industry in Canada have?

<p>Three (B)</p> Signup and view all the answers

Which sub-sector covers all dwellings from single-family homes to large apartment buildings?

<p>Residential construction sub-sector (A)</p> Signup and view all the answers

Which sub-sector covers all buildings other than residential?

<p>Institutional, commercial, and industrial construction sub-sector (B)</p> Signup and view all the answers

Which sub-sector covers all non-building construction projects, including roads, sewer and water, bridges, dams, railways, ports, airports, pipelines, and oil and gas facilities?

<p>Engineering (or heavy civil) construction sub-sector (A)</p> Signup and view all the answers

What is the largest sector of the Canadian economy?

<p>Non-residential sector (B)</p> Signup and view all the answers

What are the three major sub-sectors of the construction industry in Canada?

<p>Non-residential, residential, and institutional (B)</p> Signup and view all the answers

Which phase of the construction process involves studying the feasibility of the project?

<p>Studying the feasibility of the project (C)</p> Signup and view all the answers

Which phase of the construction process involves operating and maintaining the asset after project completion?

<p>Operating and maintaining the asset after project completion (A)</p> Signup and view all the answers

Which phase of the construction process involves demolishing and recycling the asset?

<p>Demolishing and recycling the asset (A)</p> Signup and view all the answers

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