Project Management Flashcards
7 cards from real General Contractor License 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 Management flashcards as text
A general contractor is preparing a bid for a lump-sum contract. Which cost element is most commonly overlooked that can lead to project losses?
Answer: General conditions and overhead costs
General conditions (site trailer, supervision, temporary utilities, insurance) and overhead are frequently underestimated, eroding project profit margins.
What is the primary purpose of a preconstruction meeting held before work begins on a project?
Answer: To establish project communication protocols, schedules, and coordination procedures
Preconstruction meetings align all stakeholders on project procedures, communication channels, submittal requirements, and schedule milestones before work starts.
Under a cost-plus contract with a Guaranteed Maximum Price (GMP), what happens if final project costs fall below the GMP?
Answer: Savings may be shared between the owner and contractor per the contract terms
GMP contracts typically include a savings clause that specifies how cost savings below the maximum price are split between owner and contractor.
Which document establishes the contractor's quality control requirements and inspection procedures for a construction project?
Answer: Quality Control Plan (QCP)
A Quality Control Plan defines inspection checkpoints, testing requirements, deficiency correction procedures, and responsibilities for maintaining work quality.
A subcontractor walks off the job due to a payment dispute with the general contractor. Under the terms of a standard subcontract, what is the general contractor's MOST appropriate immediate action?
Answer: Declare the subcontractor in default and issue a cure notice
Most subcontracts require a written cure notice giving the subcontractor an opportunity to remedy the default before termination can proceed.
What is the purpose of 'punch list' work in the final phase of construction?
Answer: To identify and complete minor deficiencies before final acceptance
A punch list catalogs remaining minor items that must be corrected or completed before the owner grants final acceptance and releases retainage.
A general contractor is managing multiple subcontractors on a large commercial project. Which scheduling technique is MOST effective for identifying resource conflicts between trades?
Answer: Resource-loaded CPM schedule
A resource-loaded CPM schedule assigns labor and equipment resources to each activity, making conflicts between concurrent trades visible and manageable.