Management| 2026 RATED A+
Order the following typical project development phases from earliest to latest.
1. Idea/Need, 2. Feasibility Study/Financing, 3. Design, 4. Project (contrac'ng services)
Procurement, 5. Construc'on
Which of these members is responsible for performing specialized construc'on/installa'on
work?
Sub/Trade Contractors
Which of these members is responsible for transla'ng the project requirements and needs into
a communicable document form?
Designer
Which of these members is responsible for providing means, methods, & work sequences to
build project?
Contractor
Which of these members is responsible for ini'a'ng the project & controlling the en're
process?
Owner
Which of these members is responsible for providing material, systems, and equipment?
Suppliers and Vendors
True or False - The owner is ul'mately responsible for the outcome of a project?
True
Owners of each construc'on project need to select a procurement method & payment scheme
for their projects to ensure successful comple'on. Which of the following statements is related
to Project Procurement Methods? & Which are related to Project Payment Schemes? Are used
to help project owners find qualified GC/CM
Project Procurement Method
Owners of each construc'on project need to select a procurement method & payment scheme
for their projects to ensure successful comple'on. Which of the following statements is related
, to Project Procurement Methods? & Which are related to Project Payment Schemes? Are used
by project owners to compensate qualified GC/CM for their services.
Project Payment Schemes
Owners of each construc'on project need to select a procurement method & payment scheme
for their projects to ensure successful comple'on. Which of the following statements is related
to Project Procurement Methods? & Which are related to Project Payment Schemes? Includes:
Bidding, No-Bid contracts, & Nego'ated Bids
Project Procurement Method
Owners of each construc'on project need to select a procurement method & payment scheme
for their projects to ensure successful comple'on. Which of the following statements is related
to Project Procurement Methods? & Which are related to Project Payment Schemes? Includes
Lump Sum, Unit price, and cost plus
Project Payment Scheme
True or False: Project procurement are methods by which an owner can acquire services of
interested and qualified construc'on managers & general contractors.
True
True or False: The following statements are true for Compe''ve Bidding: The successful bidder
signs a contract with the Owner & becomes the GC or CM.
True
True or False: The following statements are true for Compe''ve Bidding: Could be open to all
interested contractors or limited to a select group of bidders.
True
True or False: The following statements are true for Compe''ve Bidding: The owner evaluated
all bid proposals based on a preset criteria, mostly price, to select the successful bidder.
True
True or False: The following statements are true for Compe''ve Bidding: Typically is based on a
set of bid documents prepared by the architect.
True
True or False: Private Owner nego'a'ons are based only on formal bids (price) submi<ed by
interested contractors.