Construction Project Management Terms: A Comprehensive Glossary, Quizzes of Introduction to Business Management

Download Construction Project Management Terms: A Comprehensive Glossary and more Quizzes Introduction to Business Management in PDF only on Docsity! TERM 1 Partnering DEFINITION 1 A team-building technique, calling upon the parties to the construction contract to establish a common set of project goals and objectives and develop a mutually acceptable protocol for communications and conflict resolution through a formal agreement. TERM 2 Request for Information (RFI) DEFINITION 2 A written request for clarification regarding the details presented in the plans or specifications. The requests are usually made by subcontractors through the general contractor to the architect. TERM 3 Submittals DEFINITION 3 Data, samples, details, colors, and product literature required by the terms of the contract to be presented to the architect by the contractor for approval prior to ordering and installing them TERM 4 Mock-Up DEFINITION 4 Physical models or small samples constructed to allow the architect and owner to review the appearance and function of materials, colors, textures, and other aesthetic features before incorporating them into the actual project TERM 5 Shop Drawing DEFINITION 5 A supplemental drawing to the plans and specifications that details fabrication methods, materials, and models of a product or installation associated with the project TERM 6 Schedule of Values DEFINITION 6 A budget template established early in the project against which progress payments are measured. The schedule summarizes the total project cost by the various divisions of work TERM 7 Retainage DEFINITION 7 A certain percentage of money owed to the contractor for work progress that is held back by the owner to encourage completion of the project TERM 8 Claim DEFINITION 8 An issue that occurs during construction and remains unresolved after the job is complete TERM 9 Will-Call DEFINITION 9 Acts as a verbal confirmation of an order that has been placed prior to the date it is actually due for delivery. The will-call, generally made by the superintendent, occurs just before the schedule delivery date. TERM 10 Concrete Washout Station DEFINITION 10 A temporary container installed on a construction site to collect all water runoff from the washing of trucks, tools, and equipment associated with concrete. The container may prefabricated and delivered or built on site. TERM 21 Float DEFINITION 21 The amount of leeway available to start or complete an individual schedule activity before it affects the planned project completion TERM 22 Forward Pass DEFINITION 22 A scheduling technique used to calculate an activity's early start and early finish. The forward pass must be completed before the project duration can be determined TERM 23 Backward Pass DEFINITION 23 A scheduling technique used to calculate an activity's late start and late finish TERM 24 Cost Control DEFINITION 24 A continuous monitoring process used to track the variances between actual performance and planned performance on a project, specifically concerning cost and time TERM 25 Cost Code DEFINITION 25 A reference number used to track cost and schedule information on materials, labor, subcontracts, equipment, overhead, and fees throughout the project control process TERM 26 Variance DEFINITION 26 The cost or time difference between the actual project performance and the planned project performance TERM 27 Escalation Clauses DEFINITION 27 Usually negotiated into the construction contract when there is suspicion that some pricing component of the estimate is in a high state of flux. The clause allows for some fluctuation in the contract price based upon the current pricing of the suspected component TERM 28 Crashing the Schedule DEFINITION 28 To takes steps that accelerate activities in the schedule, resulting in an earlier completion date TERM 29 Earned Value Analysis DEFINITION 29 A technique used in construction to determine the estimated value (earned value) of work completed to date on a project and compare that to the actual work completed on the project TERM 30 Forecasts DEFINITION 30 Periodic predictions stated in reports as to the final cost and schedule outcomes on a project while the work is still ongoing TERM 31 Early Start DEFINITION 31 ESThe earliest possible time that an activity can start TERM 32 Early Finish DEFINITION 32 EFThe earliest time that an activity can finish TERM 33 Late Finish DEFINITION 33 LFThe latest time that an activity can finish without delaying the project's completion as planned TERM 34 Late Start DEFINITION 34 LSThe latest time that an activity can start without delaying the project's completion as planned TERM 35 Float DEFINITION 35 FAmount of time an activity's start can be delayed before it impacts the project's completion as plannedAlso allows an activity to exceed its planned duration without becoming critical if its completion remains within its total float allowance