Podcast
Questions and Answers
What type of specifications are used when only one specific product can be used for an installation?
What type of specifications are used when only one specific product can be used for an installation?
- Performance specifications
- Prescriptive specifications
- Standard specifications
- Proprietary specifications (correct)
Which element of organizational structures focuses on how functions are divided among different parts of an organization?
Which element of organizational structures focuses on how functions are divided among different parts of an organization?
- Communication and decision processes
- Vertical and horizontal authority relationships
- Structural organization
- Distribution of functions (correct)
What is the driving force behind every organization?
What is the driving force behind every organization?
- Management team (correct)
- Target estimate contract
- Guaranteed maximum cost contract
- Construction specifications
Which type of contract involves a situation where the final cost is determined after completion based on the actual costs incurred during the project?
Which type of contract involves a situation where the final cost is determined after completion based on the actual costs incurred during the project?
What is the primary purpose of an organization in terms of administration?
What is the primary purpose of an organization in terms of administration?
Which type of structure in an organization focuses on coordinating activities to implement a given strategy?
Which type of structure in an organization focuses on coordinating activities to implement a given strategy?
What are some key components found in a construction specification document?
What are some key components found in a construction specification document?
Which of the following is NOT typically included in a simple contract agreement document?
Which of the following is NOT typically included in a simple contract agreement document?
What does a construction specification document primarily outline?
What does a construction specification document primarily outline?
Which type of specification provides details on both the types of materials needed and how to measure installations?
Which type of specification provides details on both the types of materials needed and how to measure installations?
In a construction agreement, what element describes the operational requirements in a project?
In a construction agreement, what element describes the operational requirements in a project?
Which document type includes Owner General Contractor License number in a contract agreement?
Which document type includes Owner General Contractor License number in a contract agreement?
What type of contract is a Lump Sum Contract also known as?
What type of contract is a Lump Sum Contract also known as?
Under a Unit Price Contract, how is the contractor paid?
Under a Unit Price Contract, how is the contractor paid?
What does a Cost Plus Fixed Fee Contract involve?
What does a Cost Plus Fixed Fee Contract involve?
What does a Target Estimate Contract specify?
What does a Target Estimate Contract specify?
Which element is typically outlined in a Construction Agreement?
Which element is typically outlined in a Construction Agreement?
What is Guaranteed Maximum Cost Contract synonymous with?
What is Guaranteed Maximum Cost Contract synonymous with?
