Spec 1_Quiz 2

Which of the following is NOT a typical project delivery method in construction management?

• Owner-Supplier Negotiation

• Design-Bid-Build

• Design-Build

• Construction Management at Risk

Which document outlines the legal relationship between the owner and the contractor?

• Scope of Work

• Change Order

• Contract

• Request for Proposal (RFP)

What is the purpose of a punch list in construction management?

• To list all the tools required for the project

• To list all the stakeholders involved in the project

• To track the progress of the project on a daily basis

• To identify incomplete or deficient work that needs to be corrected

In construction management, what does the term "change order" refer to?

• A request for additional funding by the contractor

• A formal meeting to discuss project progress

• A change in the project manager overseeing the construction

• Alterations to the project scope, schedule, or budget

What is the primary objective of the Theory of Constraints (TOC) in management?

• Maximizing profits

• Identifying and managing constraints

• Minimizing costs and conflicts

• Increasing production speed

Which of the following is NOT typically considered a risk in construction management?

• Weather conditions

• Labor shortages

• Stakeholder satisfaction

• Material availability

What is one of the primary responsibilities of a construction manager?

• Overseeing the construction process to ensure timely completion

• Designing architectural blueprints

• Handling financial transactions for the project

• Managing the marketing of the construction project

What is the importance of project planning in the role of a construction manager?

• It helps in creating marketing strategies for the project.

• It establishes a roadmap for executing the project efficiently.

• It helps in creating marketing strategies for the project.

• It facilitates effective communication with stakeholders.

What is the purpose of cost estimation in the role of a construction manager?

• To inflate the project budget to account for unforeseen expenses

• To reduce project costs by cutting corners on materials and labor

• To determine the marketing value of the completed project

• To accurately predict the total cost of the project

In a lump-sum contract, how is the contractor compensated?

• Based on the actual costs incurred

• Hourly rates for labor and materials used

• A fixed amount agreed upon before the project begins

• A percentage of the project's final cost