Deck 4: Project Delivery Methods

Question 1

The term fast track--------

A) Is synonymous with design/manage
B) Means that construction is begun before the design is complete
C) Is synonymous with turnkey
D) Indicates that two or more companies have conbined forces for the duration of the project.
E) None of the above

Answer 1

Means that construction is begun before the design is complete

Question 2

An advantage of the design/build approach is that a firm's fixed price is established before construction begins.

Answer 2

False

Question 3

In a pure construction management approach the construction manager usually guarantees the overall price of the project.

Answer 3

False

Question 4

In a guaranteed maximum price (GMP) contract, costs above the GMP are covered by the contractor.

Question 5

A unit-price contract provides an owner with price competition while still allowing for an increase or decrease in actual versus estimated quantities.

Question 6

The choice of which delivery method is correct is a factor of perceived risk. Which of the following is a source of project risk?

A) Financial concerns
B) Quality of the materials or workmanship
C) When the project will be completed
D) Quality of design
E) All of the above

Question 7

Historically, a "master builder" was hired to build a project. Today, the same approach would be most like which delivery method?

A) Design/Bid/Build with a lump sum bid
B) Design/Bid/Build with a GMP
C) Construction project management
D) Design/Build
E) Unit-price contract

Question 8

A project is rushed into design without a total understanding of the owner's needs. As the project moves through the design, additional requirements are added, increasing the project budget. This is an example of ????

A) Project acceleration
B) Fast tracking
C) Scope creep
D) Separated functions
E) None of the above

Question 9

In which of the following project approaches is owner oversight most difficult to apply?

A) Design/Bid/Build lump sum
B) Design/Bid/Build GMP
C) Design/Build
D) Construction project management
E) Owner oversight is a function of staffing, not of the chosen delivery method or contract.

Question 10

When assessing the risks applicable to a project, one must also look to the owner organization and the manner in which decision making occurs.