Project Delivery Methods and Procurement Flashcards
7 cards from real CCM practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 Project Delivery Methods and Procurement flashcards as text
What is a key advantage of the CM at-Risk delivery method from the owner's perspective compared to traditional Design-Bid-Build?
Answer: The CM provides preconstruction services and cost input during design, improving constructability
CM at-Risk allows the CM to collaborate with the design team during preconstruction, identifying cost and schedule risks early before they become expensive change orders.
A 'bridging' design approach is used in which project delivery method to balance owner control of design intent with contractor flexibility?
Answer: Design-Build
In Design-Build bridging, the owner's designer develops schematic or design-development documents that establish intent, then the Design-Builder completes and builds from them.
What is the purpose of a pre-qualification process in construction procurement?
Answer: To screen contractors for technical capability, financial strength, and experience before bidding
Pre-qualification filters the bidder pool to firms that meet minimum standards of experience, bonding capacity, and safety record, reducing risk of contractor default.
In a Public-Private Partnership (P3) project delivery model, who typically provides the long-term project financing?
Answer: The private sector entity under the concession or availability payment agreement
In P3s, the private partner typically arranges and bears the project financing, recouping investment through revenue (tolls, fees) or government availability payments over the concession term.
What is the primary purpose of a bid bond submitted with a construction bid?
Answer: To guarantee the bidder will enter into a contract and furnish required bonds if awarded
A bid bond assures the owner that if the bidder wins but refuses to execute the contract or provide performance/payment bonds, the surety will cover the owner's loss up to the bond penalty.
Which procurement strategy allows design and construction phases to overlap, compressing the overall project schedule?
Answer: Phased or fast-track construction
Fast-track phased construction permits early bid packages (e.g., site work, foundations) to be let and construction begun before later design phases are complete, reducing total delivery time.
What is the primary function of an Invitation to Bid (ITB) in the public construction procurement process?
Answer: To formally solicit competitive sealed price bids for a defined scope of work
An ITB is a formal public notice that provides complete project documents and instructions enabling contractors to submit competitive sealed lump-sum or unit-price bids.