AND 100% CORRECT ANSWERS
\.Describe the four characteristics of a construction project? -
ANSWERS✔-1) Defined goal/objective
2) Specific task
3) Time (schedule)
4) Consumes resources
\.Describe the four sectors of the construction industry - ANSWERS✔-1)
Residential
2) Commercial
3) infrastructure
4) industrial
\.Describe the players on a construction project. - ANSWERS✔-1)
Owner--bankers, project manager, attorney
2) Design team--designer (architect), supplier
3) contractors-- Project Manager, contractors
, \.Describe why change orders occur and differentiate between extra
and additional work - ANSWERS✔-Extra work--when the contractor
finds something within the scope of the contract, they negotiate, and
are compensated
Additional work--when they find something within the contract they
didnt think of and are not compensated
\.ID and describe the six elements of a contract - ANSWERS✔-1)
agreement
2) general conditions
3) supplementary conditions
4) Drawings
5) specifications
6) Addenda and modifications
\.Direct cost - ANSWERS✔-equipment, material, labor
\.Indirect cost - ANSWERS✔-project cost
business overhead
\.considerations for estimates - ANSWERS✔-quality