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Participation reward: 2 Wealth. Correct reward: 9 wealth. Compared with the general construction contracting model, the main characteristics of the general construction management contracting model are ( ). A. The total contract price is not determined all at once; bidding for the construction of a particular section takes place after that section’s design is completed. B. The owner only needs to conduct one bidding process, which reduces the workload related to bidding and contract management. C. All subcontracting contracts are obtained through bidding, resulting in competitive bid prices that help the owner save on costs. D. In most cases, the owner enters into contracts directly with the subcontractors, which reduces the owner’s risks. E. The general contractor charges only a management fee and does not profit from the difference between the total contract price and the prices paid to subcontractors. References: A, C, E
A. The total contract price is not determined all at once; bidding for the construction of a particular section takes place after that section’s design is completed. C. All subcontracts are awarded through bidding to obtain competitive quotes, which helps the owner save on costs. E. The general contractor management firm only charges a management fee and does not profit from the difference between the prices charged by the general contractor and those charged by subcontractors