General Stuff
These are the 2 major components of the Contract Documents.
What are the Drawings & the Specs (or the Project Manual)?
This is the Title of Div. 00.
What is Procurement & Contracting Requirements?
This is the title of Div. 01.
What is Div. 01: General Requirements?
This contract (or bid method) is used when there is one price for the entire scope of work.
What is a Lump Sum contract?
These typically can amend, add to, or delete from the originally issued Bidding Documents.
What are Addendum?
This is usually defined by the Project Manual.
What is the quality of the work?
These items are referred to as the Bidding stuff.
What are the Procurement Requirements?
These are included in Div. 01.
What are construction contract administration processes, procedures & requirements?
NOTE: No construction is specified in Div. 01 !
Usually based on a constructability review, this is the absolute most the construction will cost for the project.
What is a GMP, or Guaranteed Maximum Price contract?
The GMP Contract includes a Shared Savings Agreement for a 50-50 split. The GMP Contract value is $5MM, but was completed at a cost of $4.6MM. What value did the CM/GC receive as their portion of the Shared Contract value.
Shared Savings:
$5MM - $4.6MM = 0.4MM ($400,000)
$400,000 x 50% = $200,000
(To each the Owner & the CM/GC)
This is usually defined by the Drawings.
What is the quantity of the work?
These items are related to the Construction Contract.
What are the Contracting Requirements?
Div. 01 is divided into these 3 basic categories or groups of requirements.
What are Pre-Construction requirements, Construction requirements & Post-Construction (or Construction Closeout requirements)?
This contract type is used when the scope or type of work is known, but the actually quantity of work to be completed is not known.
What is a Unit Price contract?.....like a cost per LF, SF, CF or CY !
(Usually an approximate quantity of work is included with the project scope description)
In this Cost Plus a Fee Contract, the following apply:
Materials: $100,000
Labor: $100,000
Equipment: $50,000
The negotiated Fee for OH & P is 30%.
What is the total value of this contract.
Total Costs:
Materials: $100,000
Labor: $100,000
Equipment: $50,000
Sub-total: $250,000
Fee: X 30%
Total Contract Value: $325,000
These are the 3 main parts of the Project Manual (or Specs).
What are Div. 00, Div. 01, and Divs. 02-49?
These are the 4 main items of the Procurement Requirements.
What are as follows:
1. Solicitation
2. Instructions for Bidding
3. Available Information
4. Bid Form
Bonus Question
These are the titles of the Sub-Groups for Divisions 02-49.
What are as follows:
Divs. 02-19: Facilities Construction Sub-Group
Divs. 20-29: Facilities Services Sub-Group
Divs. 30-39: Site & Infrastructure Sub-Group
Divs. 40-49: Process Equipment Sub-Group
This contract value is calculated via a cost for all Materials, Labor & Equipment, plus a value (or percentage) for OH & Profit.
What is a Cost plus a Fee (or %)?
The scope of work is for 6' wide concrete sidewalk, that is 4" thick. It will be placed on an 8" compacted bed of crushed limestone, on 95% compacted earth bed.
Unit Price is $100/ LF with an approximate quantity of 1,000 LF of sidewalk.
What is the value of this Unit Price contract.
The Unit Price contract is calculated as follows:
1,000 LF of sidewalk at $100/LF = $100,000
These items are included in Divs. 02-49.
What are the construction project products?
These are the 4 main items of the Contracting Requirements.
What are as follows:
1. Agreement (or the construction Contract)
2. Construction Bonds (Performance Bond & Payment Bond)
3. General Conditions of the Contract
4. Construction Contract Modifications
Bonus Question
These are the titles of the following basic spec Divisions 03, 04, 05, 06, 07, 08 & 09.
What are as follows:
Div. 03: Concrete
Div. 04: Masonry
Div. 05: Metals
Div. 06: Woods, Plastics & Composite
Div. 07: Thermal & Moisture Protection
Div. 08: Openings (or Doors, Windows & louvers)
Div. 09: Finishes (Floor, Walls & Ceiling finishes)
This item is used to motivate a CM/GC to be as efficient as possible, when completing construction using a GMP contract.
What is a Shared Savings clause within the GMP construction contract?