CHC Cost Management & Contract Administration Flashcards
6 cards from real CHC practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 6 CHC Cost Management & Contract Administration flashcards as text
A change order in a healthcare construction contract is:
Answer: A formal written agreement modifying the contract scope, cost, or schedule
A change order is a formal document signed by the owner, contractor, and typically the architect that modifies the original contract terms including scope, cost, or project time.
A Request for Information (RFI) in healthcare construction is used to:
Answer: Seek clarification on contract documents from the design team
An RFI is a formal written request submitted by the contractor to the architect or engineer seeking clarification or additional information about the contract documents.
What is 'substantial completion' in a healthcare construction project?
Answer: When the facility can be used for its intended purpose, even if minor items remain
Substantial completion is the stage when the work is sufficiently complete for the owner to occupy and use the facility for its intended purpose, even if minor punch list items remain.
The punch list in a healthcare construction project refers to:
Answer: A list of deficiencies and incomplete items to be corrected before final completion
A punch list documents deficiencies and incomplete work items that the contractor must correct before final completion and release of final payment.
Retainage in a healthcare construction contract is:
Answer: A percentage of each progress payment withheld by the owner to ensure project completion
Retainage is a percentage (typically 5–10%) withheld from each progress payment to incentivize the contractor to complete all work and correct all deficiencies.
Which documents transfer operational responsibility for building systems from the contractor to the healthcare facility at project closeout?
Answer: Operations & Maintenance (O&M) manuals and as-built drawings
Operations & Maintenance manuals and as-built drawings are delivered at closeout to give facility staff the knowledge needed to operate and maintain all building systems.