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QUESTION 1 Demand, construction cost and cost of capital are all items studied in feasibility analysis. True False QUESTION 2 Construction may begin well before
QUESTION 1
- Demand, construction cost and cost of capital are all items studied in feasibility analysis.
True
False
QUESTION 2
- Construction may begin well before the procurement process has been initiated.
True
False
QUESTION 3
- Completion of project construction marks the end ofbuilder involvement in the project.
True
False
QUESTION 4
- Advertising for subcontractors, review of subs bids and awarding contracts occurs during which phase of the project?
Procurement. | ||
Construction. | ||
Design. | ||
Turnover. |
QUESTION 5
- The design of project systems occurs during which of the following design phases?
Programming. | ||
Schematic. | ||
Design Development. | ||
Construction Documents. |
QUESTION 6
- Good design is the end result of an experienced architect.
True
False
QUESTION 7
- Value engineering is a way to reduce costs by replacing some itemsconsidering onlycheaper choices.
True
False
QUESTION 8
- Life cycle costing examines initial, operating,maintenance costs and future benefits over the life of a building.
True
False
QUESTION 9
- Which of the following is not a local condition necessary to investigate before the beginning of a project?
Subsurface Conditions. | ||
Site Access. | ||
Codes and Regulations. | ||
Drawings and Specifications. |
QUESTION 10
- What is the term used to describe a material or component that requires significant time to acquire and bring to the job site?
Long Lead Time. | ||
Milestones. | ||
Critical Activity. | ||
Procurement Activity. |
QUESTION 11
- Construction companiesonly bid work to profit from it.
True
False
QUESTION 12
- Construction documents are the communication link among all project participants.
True
False
QUESTION 13
- Specifications are a part of the technical information representing the project design and intent.
True
False
QUESTION 14
- Which of the following terms indicates a change or clarification issued to all bidders before the receipt of bids?
Contractor Agreement. | ||
Bid Alternatives. | ||
Addenda. | ||
Change Order. |
QUESTION 15
- Which of the following bonds guarantees that if a contractor's proposal is accepted, they will enter into a contract?
Bid Bond. | ||
Performance Bond. | ||
Payment Bond. | ||
Lien Bond. |
QUESTION 16
- The means and methods of producing the work is the responsiblity of the designer.
True
False
QUESTION 17
- Minimizing conflicts between trades is one step toward productivity.
True
False
QUESTION 18
- Procurement deals with purchasing, shop drawing approval, fabrication, delivery, installation, testing and turnover.
True
False
QUESTION 19
- Which of the following is not a typical support staff responsibility?
Accounting. | ||
Marketing. | ||
Legal. | ||
Superintendency. |
QUESTION 20
- Which item is not involved inproject closeout?
Closeout Schedule. | ||
Terminating Temp Services. | ||
Preparing Punchlists. | ||
Claims Resolutions. |
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