Insurance/Bonds
covers vandalism or theft on the job site
What is builder's risk
Another name for a network diagram
Critical Path Method
The first stage of the project lifecycle
Initiation
Requests made by the client to add or subtract features from the scope of work
Change order
The largest construction industry sector
Residential
Protects the builder when a contractor submits a bid for a job
Bid bond
The last stage of the construction project milestones
Close Out
The 3 constraints on every project
Time, scope and cost
An amount of money charged to a subcontractor for poor workmanship
Back charge
Makes up about 1/3 of the construction market
Commercial construction
This type of insurance is required in Montana
Worker's compensation
Another name for a bar chart
Gantt chart
The two reports used to document construction on the job site
Progress report and daily log
The right of a subcontractor to place a lien on the property for unpaid work and materials
Mechanic's lien
How is the infrastructure sector of construction funded
With public money
Protects against 3rd party injury claims on the job site
General liability insurance
A _________ is a subset or a work breakdown structure
work package
Name two ways the construction project is initiated
internal and external
The written instructions from the design team pertaining to the quality of materials and workmanship required for the project
Specifications
An evaluation of the potential of a proposed project
Feasibility study
Performance Bond
The construction milestone that comes after foundation is
Framing
Contract Administration
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