Utah General Contractors - Business and Law Practice Exam

This method of contracting allows for the project to begin before the project's entire specifications have been decided upon.

1. Design-Bid-Build

2. Fast Track

3. Turnkey

4. Cost-Plus

The correct answer is: Fast Track

The correct answer is Fast Track. This method is characterized by overlapping the design and construction phases, allowing the project to commence even when not all specifications and details are finalized. By starting construction prior to the completion of design, Fast Track can significantly reduce the overall project timeline, enabling quicker responses to changing requirements and opportunities that may arise during the project's development. In contrast, Design-Bid-Build is a traditional method that requires the completion of designs before bidding and construction can start, which means all specifications need to be finalized first. Turnkey describes a contracting arrangement where the contractor is responsible for everything from design to construction and delivers the finished project to the owner; while it can provide a streamlined approach, it does not necessarily allow for early starts on construction. The Cost-Plus method involves payment for all project costs plus a fee to the contractor, which does not inherently permit construction to begin with incomplete specifications either.