AIC managment, legal entities & delivery methods exercise

Flow Chart

What graphical measurement tool is a pictorial representation of a process?

Escalation

What is the name of the clause that is sometimes used if the contract has the potential of an uncertainty in either labor or material prices?

Baldrige Criteria for Performance Excellence

What is the name of the criteria utilized to improve an organization and evaluate their progress toward becoming the best in their field?

State

Which law are corporations formed under?

Corporation

Which legal entity is considered perpetual?

Corporation

Which legal entity is taxed twice?

Unit Price

A clause in the contract states that "if the Quantities of an item of work varies from the estimated quantities by more than 20 percent, then the price will be adjusted." Which type of contract will this clause be primarily used in?

Turn Key

A contract has been entered into whereby the Contractor agrees to design, build, purchase the land and finance the project. What is this type of contract called?

Construction Management

A contract is entered into whereby the Design and Scope are partially undefined, the Owner holds a contract with the A/E, the Owner holds the contracts with each trade and the Owner also holds a contract with a management service company to perform the trade coordination, cost control and scheduling services. What is this project delivery called?

Eliminating the isolation problem and making quality and safety everybody's role

What makes TQM and TSM successful?

Partnering

What management concept has as its primary goal to get commitment from top management of all project participants and stakeholders to develop open communications and cooperation on a project?

Total Safety Management

What management philosophy is defined as a performance and processed-oriented approach to safety and health that is improved continually and applies proven principles to maximize an organization's long-term competitiveness?

Total Quality Management

What management philosophy tries to maximize the competitiveness of an organization through continuous improvement?

Notice to Proceed

Which document establishes the reference date from which the beginning of the project is calculated and that the contractor can occupy the site?

Uniform Commercial Code

Which law establishes basic rules governing the sale of goods, used to establish a Purchase Order?

Corporation

Which legal entity affords an individual the most protection of individual assets from creditors of the business?

Partnership

Which legal entity exposes the personal assets of a person to pay for actions of other people involved in the business?

Sole Proprietorship

Which legal entity makes it extremely difficult to generate new capital to expand the business?

Behavior-based Safety Process

Which of the following Safety criteria that has the greatest potential for reducing the costs of accidents?

Offer, Acceptance, Meeting of the Minds and Consideration

Which of the following contract formation principles are needed to form a valid contract?

Promissory Estoppel

Which of the following principles of law states that if the prime contractor reasonably relies on the promise or price of the subcontractor to its detriment, then the subcontractor must be held to its promise in order to avoid harm to the prime contractor even though a signed contract between the contractor and subcontractor does not exist at the bidding phase of a project?

Subchapter S Corporation

Which type of legal entity allows the net income or losses of the corporation to flow through to the individual tax returns of the shareholders and avoids federal taxes?

Corporation

Which type of legal entity requires a charter?

Pareto Chart

What graphical measurement tool is a bar graph of identified causes shown in descending order of magnitude?

Scatter Diagram

What graphical measurement tool is a graph displaying the correlation of two characteristics?

Unit Price

A contract is entered into whereby the bid quantities are stated and payment for the work is based upon the actual quantities placed. What is this type of contract called?

Cost Plus

A contract is entered into whereby the design and scope are undefined and the Owner agrees to pay for all Direct Labor, Materials, Equipment, plus some agreed upon allowance to the Contractor for their services. What is this type of contract called?

Joint Venture

A contract is entered into whereby two Contractors agree to combine their resources to bid and build a specific project. What is this type of contract called?

During the bidding phase of the project

At which point in time must the Agreement be provided to each prospective bidder?

Design-Build

The Owner wants to Fast-Track a construction project., Which project delivery system best supports this process?

The principle of Legal Capacity has not been met, therefore, a non-responsive bid

The owner requests that you submit a proposal supplement titled "Statement of Contractors' Qualifications - All Contracts" and under the officers/principals section it requests the names and titles of the vice president and the president. A proposal is submitted to the Owner with a bid bond, signed addenda, and the proposal form is attached and signed by the chief estimator. Have all of the contract formation principles been satisfied and would the proposal be considered responsive?

ISO 9000

What are the quality standards used internationally called?

Fixed Price or Guaranteed Maximum Price

What are the two FEE methods that an Agency CM firm may offer an Owner?

Run Chart

What graphical display tool contain line graphs that show a trend over time such as the workhours per square yard of asphalt over a period of time?

Fishbone Chart

What graphical measurement tool displays the causes and effects on a diagram for analyzing problems?

Histogram

What graphical measurement tool is a bar graph displaying a frequency distribution?