Construction Management: Union Court Apartments
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Questions and Answers

How many residential units are included in the Union Court project?

  • 57
  • 12
  • 80
  • 111 (correct)

The Union Court project consists of nine residential buildings.

False (B)

What is the purpose of a change order in a construction project?

To add or deduct work from the original contract

UNION COURT consists of multiple construction sites across different cities.

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

What period does Requisition #13 cover?

<p>to 04/30/2022</p> Signup and view all the answers

How many detached parking garage buildings are included in the Union Court project?

<p>5 (C)</p> Signup and view all the answers

The project under SMT #79596 is referred to as UNION COURT, which involves ____.

<p>apartments</p> Signup and view all the answers

A positive net change by change orders indicates work was deducted from the original contract.

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

Which construction issue is NOT mentioned in relation to UNION COURT?

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

The number of surface parking spaces planned for the Union Court project is ______.

<p>179</p> Signup and view all the answers

The UNION COURT project involves the construction of 95 units.

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

Which of the following is NOT part of a typical draw package?

<p>Land Survey Report (B)</p> Signup and view all the answers

Identify the city where NEW ROADS PLAZA is located.

<p>Bronx, NY</p> Signup and view all the answers

Which feature is included in the SMT Development Progress?

<p>Monthly Reporting (C)</p> Signup and view all the answers

What is included in the contract sum to date?

<p>Original contract price plus net change by change orders (B)</p> Signup and view all the answers

Retainage typically falls between 10% and 15%.

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

What does the total earned less retainage represent?

<p>The total billable amount earned up until this point.</p> Signup and view all the answers

The total payment due in the current period is found by subtracting line 7 from line ___?

<p>6</p> Signup and view all the answers

What action is taken for line 8 in the payment application process?

<p>Subtract line 7 from line 6 (C)</p> Signup and view all the answers

The retainage is always a fixed percentage of payment.

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

What does line 9 represent?

<p>The remaining contract price due after the current payment application is approved.</p> Signup and view all the answers

What happens to retainage once a certain percentage of the contract is completed?

<p>It is reduced or paid out (D)</p> Signup and view all the answers

Which residential building in the Union Court project has the largest number of units?

<p>80-Unit Seniors Apartment (D)</p> Signup and view all the answers

The Union Court project includes a total of five parking garage buildings.

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

What is the term used for the agreement that adds or deducts work in a construction project?

<p>Change Order</p> Signup and view all the answers

The total number of residential units for the Union Court project is ____.

<p>111</p> Signup and view all the answers

Which of the following is included in a typical draw package?

<p>Lien Waivers (C)</p> Signup and view all the answers

A positive net change by change orders indicates that work was added.

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

What document serves as proof of project costs in the draw package?

<p>Sources &amp; Uses (D)</p> Signup and view all the answers

What is the purpose of Requisition #13 for UNION COURT?

<p>It serves as an application for payment (B)</p> Signup and view all the answers

What type of construction is being performed at NEW ROADS PLAZA?

<p>New construction with 95 units</p> Signup and view all the answers

The development budget spreadsheet is included in the Owner's __________ statement.

<p>Sworn</p> Signup and view all the answers

There are no inspections mentioned in relation to the construction of UNION COURT.

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

Identify one of the locations where the WWHA HOUSING PRESERVATION PORTFOLIO project is occurring.

<p>Walla Walla, WA</p> Signup and view all the answers

What does 'draws' refer to in construction?

<p>Payments based on work completed (A)</p> Signup and view all the answers

What does the 'contract sum to date' refer to?

<p>The original contract price plus net change from change orders (C)</p> Signup and view all the answers

Retainage is typically a fixed percentage that is held until project completion.

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

Retainage is usually held between ___ and ___ percent of payment.

<p>5%, 10%</p> Signup and view all the answers

What is included in the 'total completed and stored to date'?

<p>The value of all materials being stored onsite (A)</p> Signup and view all the answers

To find the current payment due, you subtract line 7 from line ___.

<p>6</p> Signup and view all the answers

The balance to finish represents the total retainage left in the project.

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

What happens to retainage once a specific percentage of the contract is completed?

<p>It may be reduced or paid out.</p> Signup and view all the answers

Previous certificates for payment are subtracted from which line?

<p>Line 7 (C)</p> Signup and view all the answers

Flashcards

Original Contract Price

The total cost of a construction project as originally agreed upon in the contract.

Change Order

A formal agreement that modifies the original construction contract, either adding (positive number) or removing (negative number) work.

Draw Package

A document that outlines the details of a specific construction project, including drawings, specifications, and other relevant information.

Draw Request

A formal request for payment from the contractor to the owner for work completed.

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Requisition (AIA G702-703)

A document accompanying the Draw Request that provides a detailed breakdown of the costs incurred and summarizes the financial status of the project.

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Change Order Log

A list of all proposed changes to the original construction contract, along with their descriptions, justifications, and associated costs.

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Lien Waiver

A document that verifies that a subcontractor has been paid for their work, protecting the owner from future claims or liens.

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Owner's Sworn Statement

A document that provides the owner's sworn statement that verifies the accuracy of the Draw Request, ensuring payment is justified.

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Sources & Uses (Development Budget Spreadsheet)

A detailed spreadsheet that outlines the sources of funds for the project and how those funds are being used.

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Project Cost Schedule

A comprehensive document that outlines the costs associated with each phase and element of the construction project.

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Contract Sum To Date

The original contract price plus any net changes from change orders.

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Total Completed And Stored To Date

The combined value of all completed work and stored materials.

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Retainage

A percentage of payment withheld by the owner or general contractor until the project is complete.

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Total Earned Less Retainage

The difference between the total work completed and stored and the amount of retainage.

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Less Previous Certificates For Payment

The sum of all previous payments made to the contractor.

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Current Payment Due

The amount of money to be billed in the current payment period.

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Balance To Finish, Including Retainage

The remaining contract price, including retainage, that will be due upon project completion.

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Continuation Sheet (G703)

A document often used to track payments and project progress.

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Architect or Owner

The person responsible for approving payment applications.

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Box Cloud Space

A digital space used to store and manage construction project files, often used to collaborate with various stakeholders.

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Box Folder Path

A digital folder structure organized by project, stage, and file type for quick access and efficient management.

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Working Files

A file folder within the Box Cloud Space dedicated to storing the project's primary work documents.

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Requisition

A requisition, often referred to as AIA G702-703, is a document that accompanies the draw request, providing a detailed breakdown of costs and summarizing the project's financial status.

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Sources & Uses

A sources and uses spreadsheet, also known as a development budget spreadsheet, outlines where the project funds come from and how they are being spent.

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What is Contract Sum To Date?

The original contract price plus any net changes from change orders. It represents the total value of the project to date.

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What is Total Completed And Stored To Date?

The value of all completed work and materials stored onsite. It's the total you've earned so far.

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What is Retainage?

A percentage of payment held back by the owner or contractor until the project is finished. It's like a safety net in case things go wrong.

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What is Total Earned Less Retainage?

The total work completed and materials stored minus the amount of retainage. It's the amount of money you've truly earned up to this point.

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What is Less Previous Certificates For Payment?

The sum of all previous payments that have been made to the contractor. It's like a record of past payouts.

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What is Current Payment Due?

The amount of money expected to be billed in the present billing period. Essentially, it's your current paycheck based on work done.

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What is Balance To Finish, Including Retainage?

The remaining amount owed on the contract, including retainage, once the project is finished. It's the remaining money you'll be paid after the project is complete.

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What is Balance To Finish?

The remaining contract price to be earned. It's all the money you're still going to make by finishing the project.

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What is Variable Retainage?

A percentage of payment that the GC or Owner will hold until a certain percentage of the project is completed. This can mean that the amount held back is gradually reduced as more work is finished.

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What is the Continuation Sheet (G703)?

A document, often used to track payments and project progress, that itemizes completed work and calculates the total amount of work completed up through the billing period.

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What is Box Cloud Space?

This is a dedicated digital space for storing and managing construction project files, often used for collaboration between various project stakeholders.

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What is a Box Folder Path?

A digital folder structure organized by project, stage, and file type for quick access and efficient management.

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What are Working files?

A specific folder within the Box Cloud Space dedicated to holding the project's most important work documents.

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What is a Change Order?

A formal agreement that amends the original construction contract, either adding (positive number) or removing (negative number) work.

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What is a Draw package?

A document outlining the details of a specific construction project, including drawings, specifications, and other relevant information.

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What is a Draw Request?

This is a formal request for payment from the contractor to the owner for work completed.

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Study Notes

Session 4: SMT & Box Use and Process During Construction

  • Session focused on SMT (Site Management Tools) and box usage, along with construction processes.
  • Project Timeline shown, with dates for training purposes only.
    • Dates included for Construction Commences, Collect Monitoring Docs and CRM site visit for a project called "Union Court Apartments" SMT # 79596.
    • Relevant dates from 15 Sep 2021 to 15 Feb 2022.
  • Project Timeline for a project under construction includes dates for PM HANDOFF TO AM and NTP.
  • Additional projects, like "The Vista at Creekside," are also mentioned within NTP documents, with substantial completion dates.

Union Court Apartments SMT # 79596

  • New construction project with various building types.
  • Four residential buildings:
    • 80-unit senior apartment building
    • 12-unit townhouses (three separate buildings)
    • five detached parking garages for 57 vehicles, plus an additional 179 surface parking spaces
    • 111 residential units.

Project Timeline - Union Court Apartments

  • PM HANDOFF TO AM occurred on a specific date
  • NTP (Notice to Proceed) occurred on a specific date - to begin work on 15 Oct 2021 for Union Court MF, LLC project.
  • Construction commenced on a certain date.
  • Monitoring docs were collected by a specific date
  • CRM Site visit by a particular date (likely construction related).

Notice to Proceed (NTP)

  • Legal document authorizing construction commencement.
    • Used for both Union Court Senior Apartments and Union Court Townhomes projects of Union Court MF, LLC, and The Vista at Creekside.
  • Date for substantial completion included in relevant NTP dates for separate projects.
  • Dates for specific projects such as Union Court Apartments (79596) is March 9th, 2021.

Construction Checklist screen + Box Upload (Union Court)

  • Screens and boxes likely used for progress tracking.
  • Various forms and process documents.
  • Issue resolution steps for website/software issues included, like clearing cache.

Typical Draw Package Contents

  • Draw Request
  • Requisition documentation (likely payment requests) - AIA G702-703
  • Executed Change Orders
  • Lien Waivers
  • Owner's sworn statement
  • Sources & Uses (budget spreadsheet)
  • Project cost schedule
  • Supporting cost documentation
  • Soft cost invoices
    • Architect's invoices
    • Interest
    • Legal documents.
  • Specific dates for documentation and construction process phases mentioned

Union Court - 79596, Requisition #13 (period to 04/30/2022)

  • Detailed construction phases and materials, with percentages completed for payment purposes.
    • Specific items and timeframes listed to track progress and justify payments.
  • Requisition #13, for the period up to 04/30/2022

Owner's Sworn Statement / Sources & Uses / Development Budget spreadsheet

  • Provides financial details of various sources and their allocated usages, including allocations and project costs.
  • Includes details on construction and development elements, such as construction loans and other funding.

Union Court - 79596, SMT Development Progress screen

  • Tracking daily construction progress with data recorded over several months including dates, percentages, and milestones for specific phases of construction.
  • Includes change orders with associated costs
    • Change Order #01, #02, and #03.

Union Court - 79596, Box Folder Path

  • Different folders related to the Project including
    • Bid Review
    • Developer Upload
    • Due Diligence
    • Working files
    • Construction
    • Monthly Reporting
  • Items related to 3P Monitor SV, along with other related aspects of the development and construction process.
    • Box folder paths, and subfolders and contents are outlined
  • Email address for developer upload and monthly reporting are provided.

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Related Documents

Union Court SMT # 79596 Construction Presentation PDF

Description

This quiz covers the processes and tools used in the construction of the Union Court Apartments project, focusing on SMT and box usage. It includes a timeline of key dates and events relevant to the project, providing insights into construction management practices. Test your knowledge of site management tools and project specifics.

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