30 Questions
Which of the following is a disadvantage of the Project Management delivery method?
The architect cannot maintain a direct link with the owner
Which of the following is a characteristic of the Turnkey Development method?
It includes various real estate functions as well as design and construction
In which delivery method is the contractor compensated for the actual costs of the work, plus a fee?
Cost Plus
Which delivery method is NOT permitted by the regulations of most provincial associations of architects?
Project Management
Which party bears all costs beyond the pre-determined maximum in a unit price contract?
The contractor
How are unit prices determined in a unit price contract?
Through bidding or negotiation
What forms the basis for payment of the contract price in a unit price contract?
The actual quantities involved
How can the guaranteed maximum price be adjusted in a unit price contract?
By change order
Who verifies the actual quantities involved in a unit price contract?
Independent inspection
Which of the following is an advantage of the Design-Build project delivery method?
Immediate feedback is received from the contractor on design options.
Which of the following is a disadvantage of the Design-Build project delivery method?
Decisions by the Design-Builder are based more on initial cost rather than on design or long-term value.
Which of the following is a criticism of Public Private Partnerships (P3s)?
The cost of P3 projects exceeds the cost of the same projects delivered under more traditional forms of project delivery.
Which of the following is an advantage of Public Private Partnerships (P3s)?
P3s allow projects to be financed in ways which may not be possible through public methods.
Which project delivery method is the most commonly used in the construction industry?
Stipulated Price Contract
What are some advantages of the Stipulated Price Contract (Design-Bid-Build) project delivery method?
Known price before construction begins
What factors have contributed to the evolution of project delivery methods in the construction industry?
All of the above
What does the term 'project delivery' refer to in the construction industry?
The process of completing the design and construction of buildings
Which type of project delivery method is frequently replacing the cost plus method in construction?
Design-Build
What is the purpose of pre-qualification of contractors?
To eliminate candidates who cannot demonstrate necessary financial capacity, technical expertise, managerial ability, and relevant experience
What type of contract reimburses the contractor for the actual costs of the work, plus a fee based upon either an agreed-upon fixed sum or a percentage of the costs?
Cost Plus Contract
In a cost plus contract, when does the work cease?
When the construction costs equal the funds provided for under the contract
Which of the following is NOT a disadvantage of construction management as a project delivery method?
Direct contractual relationship with the owner
Which of the following is a responsibility of a construction manager (CM)?
Providing technical and clerical services in the administration of the project
Which of the following is a common advantage of construction management as a project delivery method?
Opportunity to call bids sequentially, thus saving time by permitting a start on construction before all documentation has been completed ('fast track')
Which of the following is NOT a potential construction manager (CM) for a project?
A project owner
True or false: In a unit price contract, the contractor is paid a pre-determined price for each unit or quantity of work or material used in the project’s construction.
True
True or false: The actual quantities involved in a unit price contract are generally verified by independent inspection, such as a clerk of the works or a quantity surveyor.
True
True or false: Unit prices in a unit price contract are estimated and form the basis for payment of the contract price.
True
True or false: The contract price in a unit price contract is the final sum of the product of each unit price stated in the schedule of prices multiplied by the actual quantity of each item incorporated in or made necessary by the project.
True
True or false: The guaranteed maximum price in a unit price contract can be adjusted only by Change Order.
True
Quiz: Understanding the Benefits of Private Sector Involvement in Facility Operation Test your knowledge on the advantages of private sector involvement in facility operation. This quiz will cover topics such as reduced life cycle costs, single point responsibility, and shortened construction schedules. Prepare to enhance your understanding of the benefits that architects and project entities can gain from long-term relationships with the private sector.
Make Your Own Quizzes and Flashcards
Convert your notes into interactive study material.
Get started for free
