Infrastructure & Capital Projects Flashcards

A municipality wants to leverage private investment for a new parking garage without taking on debt. Which financing model is MOST appropriate?

Answer: Public-Private Partnership (P3)

Public-Private Partnerships allow private entities to finance, build, and operate infrastructure in exchange for revenue streams, reducing municipal debt obligations.

What is the primary purpose of a project charter in municipal capital project management?

Answer: Authorizing the project and defining its objectives, scope, and stakeholders

A project charter formally authorizes a project, defines its scope and objectives, and identifies key stakeholders and the project manager's authority.

Which risk transfer mechanism protects a municipality from a contractor's failure to complete a construction project?

Answer: Performance bond

A performance bond is a surety bond that guarantees the contractor will complete the project per contract terms; the surety steps in if the contractor defaults.

A city's infrastructure condition assessment gives its roads an average Pavement Condition Index (PCI) of 45. What maintenance strategy is MOST cost-effective?

Answer: Preventive maintenance on best roads, rehabilitation on fair roads, reconstruction on poorest

A tiered strategy preserving good roads, rehabilitating fair roads, and reconstructing only the poorest maximizes pavement life per dollar spent.

What is a 'shovel-ready' project in the context of federal infrastructure funding programs?

Answer: A project with completed design, permits, and environmental clearances ready to begin construction

Shovel-ready projects have completed pre-construction requirements (design, permits, environmental review) and can begin construction immediately upon funding award.

Under the Davis-Bacon Act, what wage requirement applies to federally funded construction projects?

Answer: Workers must receive locally prevailing wages and fringe benefits as determined by the Department of Labor

The Davis-Bacon Act requires contractors on federally funded projects to pay workers the locally prevailing wage rates and fringe benefits determined by the U.S. Department of Labor.

Which technique in capital project scheduling identifies tasks that, if delayed, would extend the overall project completion date?

Answer: Critical Path Method (CPM)

The Critical Path Method identifies the longest sequence of dependent tasks, where any delay directly extends the project's total duration.