CMT 210 Midterm Study Guide

When managing construction projects, separate management of each project is necessary.

• TRUE

• FALSE

A good safety experience rating can create company-wide savings on workers' compensation premiums and insurance premiums.

• TRUE

• FALSE

Cost control involves containing construction costs within the budget established by the cost estimate.

• TRUE

• FALSE

The collection of actual, accurate construction costs can help managers create __________.

• more reliable schedules

• more effective safety programs

• more accurate estimates

• a subcontractor database

The traditional project delivery system is also known as design-bid-build.

• TRUE

• FALSE

The most common method for compensating the contractor for work completed in the traditional contract delivery system is ___________.

• lump-sum contract

• cost, plus a fee

• cost plus (GMP)

• unit price contract

Normally, the project manager is more involved in the business and formal requirements of the contract, while the superintendent usually is associated with the activities regarding the construction of the facility.

• True

• False

Municipality building codes supersede the contract documents.

• TRUE

• FALSE

Codes and regulations are not formally included as construction documents.

• TRUE

• FALSE

The Project Manual typically includes:

• site surveys

• equipment plans

• bid forms

• utility plans