Design-Build Prime Contract Roles and Regulations

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Which of the following is a characteristic of public-private partnerships (P3s)?

P3s do not involve financing or facilities management

P3s occur when a private sector consortium is engaged by a government to deliver a complete capital program (correct)

P3s do not alter the supply chain relationships in the design-construction sector

P3s are generally used for smaller scale public buildings

What are the three constraints compared using a traditional project triple-constraint model?

Cost, risk, and quality

Time, scope, and risk

Time, cost, and performance/quality (correct)

Scope, schedule, and risk

Why is it important for the client and architect to recognize alignment of the project delivery risk profile with their respective risk sensitivities?

To eliminate all project risks

To establish a fair exchange of value (correct)

To ensure the project is completed on time

To minimize the overall project risk

Which type of contracts are also known as incentive contracts, cost-plus-incentive-fee contracts, and cost-plus-award-fee contracts?

Incentive-based contracts Signup and view all the answers

What does the incentive formula in an incentive-based contract determine?

The final fee Signup and view all the answers

What factors can influence the award amount paid in an incentive-based contract?

Quality, completion time, ingenuity, and cost-effective management Signup and view all the answers

Which method of project delivery involves the owner retaining the services of a project management firm to oversee the planning, design, and construction projects?

Project management Signup and view all the answers

According to the text, what are the advantages of using the integrated project delivery method?

All of the above Signup and view all the answers

What is the key element in creating a collaborative culture for implementing BIM and IPD, according to the Canadian Practice Manual for BIM?

Establishing and communicating the value of collaboration Signup and view all the answers

What are the disadvantages of using the integrated project delivery method?

All of the above Signup and view all the answers

Which document is commonly used for pre-qualification in the construction industry?

CCDC 11 - Contractor's Qualification Statement Signup and view all the answers

What is the purpose of having multiple contracts for one project?

To allow for sequential tendering for different parts of the project Signup and view all the answers

Who is responsible for safety at the construction site when there are multiple contracts?

The owner Signup and view all the answers

What is the most common type of fixed-price contract?

CCDC 2 - Stipulated Price Contract Signup and view all the answers

Which project delivery method includes various real estate functions as well as design and construction?

Turnkey Development Signup and view all the answers

Which project delivery method is appropriate for small, complicated projects in which time is a factor or total costs are initially difficult to determine?

Cost-plus Signup and view all the answers

Which project delivery method is suitable when time frame is more important than construction costs and construction may begin before the design is complete?

Project management Signup and view all the answers

What is the purpose of pre-qualification in selecting a contractor for a project?

To ensure the contractor has the necessary financial capacity, technical expertise, managerial ability, and relevant experience Signup and view all the answers

According to the text, what is one advantage of using the integrated project delivery (IPD) method?

IPD reduces the time and construction schedule to deliver projects Signup and view all the answers

According to the text, what is one disadvantage of using the integrated project delivery (IPD) method?

IPD transfers certain financial risks to the private sector Signup and view all the answers

According to the text, why do critics argue that the cost of P3 projects exceeds the cost of the same projects delivered under more traditional forms of project delivery?

Because P3 projects often divide the total cost impact over the project’s operating life Signup and view all the answers

According to the text, why do governments and public agencies argue that P3 projects are necessary?

Because P3 projects have reduced time and construction schedules Signup and view all the answers

Which one of the following is a type of contract where the contractor is compensated for the actual costs of the work, plus a fee based on either an agreed-upon fixed sum or a percentage of the costs?

Cost Plus contract Signup and view all the answers

Which type of contract is appropriate for small, complex projects in which total costs are initially difficult to determine?