Construction Industry
a temporary endeavor undertaken to create a unique product, service, or result
What is a project?
◼ Establishes Budget
◼ Defines Program
◼ Selects Designer/Builder Team
◼ Determines Project Delivery Method
What is a Owner?
The ability to act or to make a decision without
The necessity of obtaining approval from a superior.
What is Authority?
The procurement phase precedes the design phase since it involves the bidding and award of architect services. True or false?
False
Cost, time, design, quality
What are the general risks?
Scope, Time, Cost
What is Triple Constraint?
translates and develops an owner’s requirements and graphically presents them so that the constructor can accurately price, schedule, and construct the design. (Risk)
What is an Architect?
◼ Sole Proprietorship
◼ Partnership
◼ Corporation
What are the 3 Business Ownerships?
Advertising for subcontractors, review of subcontractors' bids, and awarding of contracts occurs during which project phase?
Procurement
provides a single pint of ontact and responsibilty throughout the life of the project.
what is Design/Build?
Initiating, Planning, Executing, Monitoring/Controlling, Close out
What are the 5 groups?
Complete coordination between the
Engineered systems are critical – Why?
What is integration?
Are legal entities created by binding individuals into one group under a ... name (Exxon Mobil, Apple, CVS)
What is a Corporation?
Warranties, guarantees, and as-built drawings are all turned over to the owner here.
What is the Turnover?
The traditional, sequential project delivery method where the designer and builder have separate contracts.
what is Design-Bid- Build?
What are the 10 knowledgeable areas (+2)?
Scope, time, cost, quality, initiation, risk, procurement, resources, communication, stakeholders, environment, safety
The term is used to include both Construction Managers and General Contractors. Responsible for the “means and methods” of construction, whether the work is bid or
negotiated, at risk or not.
Who is a Constructor?
◼ General Partnership
◼ Limited Partnership
◼ Joint Venture
What are the 3 partnerships?
The stage in which the designer defines the building's characteristics in a number of ways.
what is Schematic Design?
which type of contratural agrreement could be usewd when the quanitities of work are difficult to dtermien in advance yet still provide price competition?
what is Unit price?
Differentiate Program & Portfolio
Related projects, subsidiary programs, and program activities that are managed in a coordinated manner to obtain benefits not available from managing them individually.
Projects, programs, subsidiary portfolios, and operations are managed as a group to achieve strategic objectives.
Responsible for the physical construction of the project
Who are tradespeople?
What are the types of Organizations
Matrix (Strong, Weak, Balanced), Functional, Projectized
Cost of money, estimate cost, market demand, and project timing are used to deteremine what of a project
What is feasibility?
This project delivery method involves a construction manager who helps with design decisions early on and later guarantees the project will be built for a set maximum price, taking on financial risk if costs go over.
What is CM at risk?