Quick Answer: What Is The Role Of The Owner On A Construction Project Quizlet?

What are the major risks affecting the project?

Most Common Project Risks Cost risk, typically escalation of project costs due to poor cost estimating accuracy and scope creep.

Schedule risk, the risk that activities will take longer than expected..

What are the five phases of construction?

A construction project entails 5 important stages: initiation, planning, implementation, performance and monitoring, and closing.

What are the stages of a construction project?

The Stages of Construction Project ManagementDesign. This is the first stage of a construction project, and once it is completed, it signals the beginning of the bidding process. … Pre-Construction. … Procurement. … Construction. … Commissioning. … Owner Occupancy. … Project Closeout.

What are the three project delivery methods?

Common Construction Project Delivery Methods: A BreakdownDesign-Bid-Build (DBB)Design-Build (DB)Construction Manager at Risk (CMAR)Construction Management Multi-Prime (CMMP)

What is the role of a building contractor?

In general terms, a contractor is responsible for planning, leading, executing, supervising and inspecting a building construction project. … Contractors accomplish their duties by planning activities, supervising workers, and ensuring the project follows local codes and laws.

What are the two types of construction?

THE CONSTRUCTION INDUSTRY IS divided into two sectors: Non-residential, which has three sub-sectors (heavy industrial, institutional and commercial, engineering), and Residential.

What are the three major divisions of the construction industry?

What are the three major divisions of the construction industry? Building construction, heavy or infrastructure construction, and industrial construction.

How long is a general contractor liable?

The statute of repose for a defective work claim can go even longer. The average statute of repose governing construction defects runs for 6-12 years after substantial completion of the work under the contract.

What are the contract responsibilities?

Contract Administrator responsibilities include: Preparing sales and purchase contracts. Negotiating contract terms with internal and external partners. Reviewing and updating existing contracts.

Who is the starting point of any construction project?

Phase #1: Conception This is the starting point where the stakeholders for a project will conceive the idea for a construction project, research locations for the build, establish the first set of standards for completion, and establish when the project must be completed.

What are the different project delivery methods?

delivery methods:Construction Management at Risk (CMR)Design-Bid-Build (DBB)Design-Build (DB)Multi-Prime (MP)Owner Control.Owner Relationships.Project Budget.Project Schedule.More items…

What is the name of the weekly magazine not dedicated solely to the construction industry?

Engineering News Record (ENR) is the weekly magazine dedicated to the construction industry.

What is the meaning of a construction project?

Construction projects are the organized effort to construct a building or structure. In the fields of civil engineering and architecture, construction projects involve the process that consists of tangibly assembling an infrastructure or building.

What does a successful project look like?

Successful projects are those that 1) meet business requirements, 2) are delivered and maintained on schedule, 3) are delivered and maintained within budget, and 4) deliver the expected business value and return on investment.

Why construction is important?

Construction is an important sector that contributes greatly in the economic growth of a nation. The Construction Industry is an investment-led sector where government shows high interest. Government contracts with Construction Industry to develop infrastructure related to health, transport as well as education sector.

What does construction mean?

The definition of construction is the process of making something, the occupation of building or the way that something is put together. … An example of construction is the art of making homes and businesses. An example of construction is how a sentence is put together using words.

Who determines what method of delivery is used on a project?

3.5 Green project delivery systems The most appropriate green project delivery system is determined by the owner during the concept Design Phase. Each delivery system has its characteristic advantages and disadvantages depending on the type and size of the project under consideration.

What is an example of a factor that can impact project performance?

Numerous factors can impact project performance; weather, quality of the workforce, inadequate tools and equipment, defective materials, and overcrowded job sites are just a few.

How do you ensure a successful project?

Six Steps to Ensuring Project SuccessSelect the Right Person for the Job. Typically, when a project is kicking off, the goal is to find the right resources for the tasks at hand. … Get Team Buy-in. … Ensure That You Have Executive Buy-in. … Reduce Work in Progress. … Schedule Regular Meetings and Actually Hold Them. … Clearly Define Project Scope.

What is a project delivery model?

From Wikipedia, the free encyclopedia. A project delivery method is a system used by an agency or owner for organizing and financing design, construction, operations, and maintenance services for a structure or facility by entering into legal agreements with one or more entities or parties.

What are the five primary sectors of the construction industry?

The five primary sectors of the construction industry are residential, commercial, heavy civil, industrial, and environmental construction.