Podcast
Questions and Answers
Which of the following is a disadvantage of the Project Management delivery method?
Which of the following is a disadvantage of the Project Management delivery method?
- The quality of the design may not improve
- The architect cannot maintain a direct link with the owner (correct)
- The owner has less control over construction quality
- The Project Manager is not hired during the pre-design phase
Which of the following is a characteristic of the Turnkey Development method?
Which of the following is a characteristic of the Turnkey Development method?
- It is carried out under the Design-Bid-Build method
- It is limited to the design and documentation phases
- It includes various real estate functions as well as design and construction (correct)
- It is primarily used for heavy civil engineering work
In which delivery method is the contractor compensated for the actual costs of the work, plus a fee?
In which delivery method is the contractor compensated for the actual costs of the work, plus a fee?
- Lease-back
- Cost Plus (correct)
- Project Management
- Just-in-Time
Which delivery method is NOT permitted by the regulations of most provincial associations of architects?
Which delivery method is NOT permitted by the regulations of most provincial associations of architects?
Which party bears all costs beyond the pre-determined maximum in a unit price contract?
Which party bears all costs beyond the pre-determined maximum in a unit price contract?
How are unit prices determined in a unit price contract?
How are unit prices determined in a unit price contract?
What forms the basis for payment of the contract price in a unit price contract?
What forms the basis for payment of the contract price in a unit price contract?
How can the guaranteed maximum price be adjusted in a unit price contract?
How can the guaranteed maximum price be adjusted in a unit price contract?
Who verifies the actual quantities involved in a unit price contract?
Who verifies the actual quantities involved in a unit price contract?
Which of the following is an advantage of the Design-Build project delivery method?
Which of the following is an advantage of the Design-Build project delivery method?
Which of the following is a disadvantage of the Design-Build project delivery method?
Which of the following is a disadvantage of the Design-Build project delivery method?
Which of the following is a criticism of Public Private Partnerships (P3s)?
Which of the following is a criticism of Public Private Partnerships (P3s)?
Which of the following is an advantage of Public Private Partnerships (P3s)?
Which of the following is an advantage of Public Private Partnerships (P3s)?
Which project delivery method is the most commonly used in the construction industry?
Which project delivery method is the most commonly used in the construction industry?
What are some advantages of the Stipulated Price Contract (Design-Bid-Build) project delivery method?
What are some advantages of the Stipulated Price Contract (Design-Bid-Build) project delivery method?
What factors have contributed to the evolution of project delivery methods in the construction industry?
What factors have contributed to the evolution of project delivery methods in the construction industry?
What does the term 'project delivery' refer to in the construction industry?
What does the term 'project delivery' refer to in the construction industry?
Which type of project delivery method is frequently replacing the cost plus method in construction?
Which type of project delivery method is frequently replacing the cost plus method in construction?
What is the purpose of pre-qualification of contractors?
What is the purpose of pre-qualification of contractors?
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?
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?
In a cost plus contract, when does the work cease?
In a cost plus contract, when does the work cease?
Which of the following is NOT a disadvantage of construction management as a project delivery method?
Which of the following is NOT a disadvantage of construction management as a project delivery method?
Which of the following is a responsibility of a construction manager (CM)?
Which of the following is a responsibility of a construction manager (CM)?
Which of the following is a common advantage of construction management as a project delivery method?
Which of the following is a common advantage of construction management as a project delivery method?
Which of the following is NOT a potential construction manager (CM) for a project?
Which of the following is NOT a potential construction manager (CM) for a project?
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 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 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 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 or false: Unit prices in a unit price contract are estimated and form the basis for payment of the contract price.
True or false: Unit prices in a unit price contract are estimated and form the basis for payment of the contract price.
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 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 or false: The guaranteed maximum price in a unit price contract can be adjusted only by Change Order.
True or false: The guaranteed maximum price in a unit price contract can be adjusted only by Change Order.
