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

Accepted Answer

Fast track construction is a project delivery strategy that starts construction before the design is fully completed. This approach is used to speed up the project completion time by overlapping the design and construction phases.

Question 2

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

Accepted Answer

In the design/build approach, the fixed price is typically not established before construction begins, as the design and construction phases overlap, allowing for adjustments and changes during the process.

Question 3

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

Accepted Answer

In a pure construction management approach, the construction manager acts as an advisor to the owner and does not guarantee the overall price of the project; this is more typical of a design-build or construction management at-risk approach.

Question 4

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

Accepted Answer

In a Guaranteed Maximum Price (GMP) contract, any costs exceeding the agreed-upon maximum price are typically the responsibility of the contractor, not the client, unless otherwise specified in the contract for conditions such as changes in scope initiated by the client.

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.

Accepted Answer

A unit-price contract allows for adjustments in the total payment based on the actual quantities of work performed, providing flexibility for changes in quantities while maintaining competitive unit prices established at the contract's outset.

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

Accepted Answer

All of the options listed (A: Financial concerns, B: Quality of the materials or workmanship, C: When the project will be completed, D: Quality of design) are sources of project risk, impacting the overall success and execution of a project.

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

Accepted Answer

The "master builder" approach historically involved a single entity responsible for both the design and construction of a project. Today, this is most closely mirrored by the Design/Build delivery method, where one entity (a team or firm) is contracted to provide both design and construction services, streamlining the process and fostering collaboration from the project's inception through completion.

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

Accepted Answer

This scenario is an example of scope creep, which occurs when new requirements or work are added to a project without corresponding increases in resources, time, or budget, often leading to increased costs and delays.

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.

Accepted Answer

In a Design/Build approach, the design and construction responsibilities are combined under a single entity. This can make it more challenging for the owner to oversee and influence specific aspects of the project, as they have less direct control over the separate phases of work compared to other methods where design and construction are contracted separately.

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.

Accepted Answer

The risks associated with a project are not only inherent to the project itself but also influenced by the owner organization's culture, structure, and decision-making processes, which can affect project outcomes and risk management strategies.

Quiz 4: Project Delivery Methods

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

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

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

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

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

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

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

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 ????

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

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