Download Operations Management in Construction: Scheduling, Inventory, and Surety Bonds and more Exams Advanced Education in PDF only on Docsity! CSLB Ch 6 Exam Questions and Answers operations management is the - Answer- process of determining methods and procedures for creating a product by combining raw materials and labor What are the two most common scheduling methods in construction? - Answer- bar chart method and critical path method What is the bar chart? What is its weakness? - Answer- it is known as the Gantt chart, it is for small and uncomplicated jobs, and easy to understand . The bar chart weakness is that it isn't good when doing multiple tasks. What is the Critical path Method? - Answer- It is better for larger jobs, complex tool that shows how each construction task is related to each other. Step by step system for planning. It identifies critical and noncritical activities in order to minimize time. How is the critical path method illustrated? - Answer- It is illustrated in nodes. They include the name, start, end, # of hours. *LOOK AT PG # FOR EXAMPLE Why is it recommended for contractors to visit jobsite daily? - Answer- to coordinate with subcontractors, resolve conflicts, schedule materials, and avoid delays Should you hire a supervisor? - Answer- Small contractors don't have to, they can do it themselves but as company grows, it ultimately becomes a necessity. All contractor's license qualifiers, including _______ and _______, are required by law to exercise "direct supervision and control" - Answer- RME and RMO's What does direct supervision include? - Answer- Supervising construction, making decisions on technical and administrative level, checking jobs, direct supervision on job sites The proper size of inventory is the... - Answer- minimum size what factors constitute the minimum size? - Answer- type of work handled, volume of work, distance from suppliers, etc... What is the ideal control method in a construction business? - Answer- Purchase materials needed for individual jobs and materials shipped to job site benefit of having material in jobsite? - Answer- increased working capital, reduced time and expense in handling material, reduced storage, simplified job costing. What are two storing methods? - Answer- Stock Room Method and Supplies on Truck What is the effect of a disorderly stock room? - Answer- It will cost you money. Is it good to overstock a truck? - Answer- No overstocking can lead to profit and working capital loss. What does taking inventory mean? - Answer- checking inventory on jobsites and/or trucks lower inventory levels reduce space and storage requirements as well as increase... - Answer- working capital What is a surety bond? - Answer- A form of guarantee for contract completion. An OBLIGEE seeks a PRINCIPAL to fulfill a contract, but whoever hires contractor wants to be assured that project is complete. What is an obligee? What is a principal? - Answer- It can be an individual, business, or government agency. Principal is the contracting business To ensure completion of contract, contractor buys a surety bond thus making the surety company responsible for... - Answer- the contractor's obligations What happens if the contractor defaults/doesn't finish the job. - Answer- Surety company can hire someone else to do the job or compensate to obligee When will you need a surety bond? - Answer- Most public projects and some private require it. Where can one get bonds? - Answer- Bonds can be obtained from insurance agents who represent bonding companies How much do bonds cost and who can pay them? - Answer- Bonds charge percentages, usually 1-2% and can be paid by the person who hired the work but it doesn't have to be them. What are the 4 types of surety bonds? - Answer- Bid bond, Contract bond, payment bonds, and performance bonds. What does the bid bond guarantee? - Answer- It guarantees that the bidder on a contract will enter into the contract and furnish the required payments and performance bonds if awarded the contract
