In order to reduce the cost of construction, some owners introduce ___________ _______which seeks to reduce the cost of construction by soliciting a second design that might cost less than the original design produced by the A/E firm.

The owner engages an _________ or consortium as technical consultant in developing a preliminary design.

The business must have sufficient capital structure to sustain its growth.

The function of a ________ _______ is to coordinate all tasks in a construction project.

These companies generally work on jobs requiring small amounts of capital and the type of work that does not require much estimating or a large construction organization.

A common trend in industrial construction, particularly for large projects, is to engage the services of a _____

The effective motivation of men and the efficient utilization of resources for the attainment of the predetermine objective. It refers to money, methods. materials, machines, and markets.

A group of individuals who are cooperating willingly and effectively for a common goal o

In the field of government aided or subsidized building, particularly in the field of housing, a _______ _______ may be given the responsibility for planning design, construction, rental, management and maintenance.

Major material suppliers include specialty contractors in structural steel fabrication and erection, sheet metal, ready mixed concrete delivery, reinforcing steel bar detailers, roofing, glazing etc.

Refers to the process consisting of planning, organizing, actuating, budgeting and controlling the 6M’s of organization using technical knowledge and ability for a particular construction project.

Construction business requires sufficient funds to cover its operation to maintain equipment, purchase of materials and supplies, to pay salaries and wages, to cover storage fees, transportation, and reserve for other services. These are current operations where funds to cover them are called ____

Predominant factor of considerations for upon it may rest the justification for and in fact the very survival of the company.

the prime professional acting on behalf of the owner to supervise the contractor

usually involves very large-scale projects with a high degree of technological complexity, such as oil refineries, steel mills, chemical processing plants and coal-fired or nuclear power plants

Although many owners keep a permanent staff for the operation and maintenance of constructed facilities, others may prefer to contract such tasks to professional managers.

6M's of Organization

such companies take on a contract for both design and construction of the building, Often these services in addition, include acquisition of and financing of the project, firms that engage in package building usually are able to show prospective clients prototypes or similar buildings completed by them for previous owners,

Builders who supervise the execution of construction projects are traditionally referred to as contractors, or more appropriately called constructors.

include mechanical, electrical, foundation, excavation, and demolition contractors among others. They usually serve as subcontractors to the general contractor of a project.

As a logical extension for obtaining the best services throughout the project life cycle of a constructed facility, some owners and developers are receptive to adding strategic planning at the beginning and facility maintenance as a follow-up to reduce space-related costs in their real estate holdings.

This type of owner builder who in addition to building for personal ownership, may also build to sell, before or after completion of the project. One and two – family home builders are included in this category.

These construction managers mostly come from the ranks of A/E firms or general contractors who may or may not retain dual roles in the service of the owners. -Without mutual respect and trust, an owner cannot expect that construction managers can produce better results than other professionals.

Refers to the activity combining technical knowledge with the ability to organized and coordinate the 6M’s of organization.

encompasses a great variety of project types and sizes, such as schools and universities, medical clinics and hospitals, recreational facilities and sports stadiums, retail chain stores and large shopping centers, warehouses and light manufacturing plants, and skyscrapers for offices and hotels.

Defined as an organization of people with varied skills, which uses capital and talent to produce goods and services, which can be sold to others or more than their costs or it may be considered as the system through which economic activity was organized by those who seek profit.

the main business is to construct the project and gain money out of it

act in the capacity of general contractor or as an construction manager as a sideline to their main business of building or their own account.

An undertaking that only a qualified person or group of people is allowed to undertake.

These companies often are experts in either new buildings or alteration work.

such as certified public accounting (CPA) firms to evaluate the economic and financial feasibility of the constructed facility, particularly with respect to various provisions of federal, state and local tax laws which may affect the investment decision.

Includes single family houses, multifamily dwellings, and high-rise departments.

the developers or sponsors who are familiar with the construction industry usually serve as ______ ______ and take charge, making necessary contractual agreements for design and construction, and arranging the financing sale of the completed structures

include projects such as highways, mass transit system, tunnels, bridges, pipelines drainage systems and sewage treatment plants. Most of these projects are publicly owned and therefore financed either through bonds or taxes.