CMIT Exam (200 multiple choice) Exam questions and answers Graded A+ |BRAND NEW A CM's role and responsibilities are governed solely by the Owner/CM Agreement. True False - True There are two basic forms of CM, agency and at-risk. Each form pr
CMIT Exam (200 multiple choice) Exam questions and answers Graded A+ |BRAND NEW A CM's role and responsibilities are governed solely by the Owner/CM Agreement. True False - True There are two basic forms of CM, agency and at-risk. Each form provides for the basic services of construction management practice. However, there are some key differences. Which of the following do not apply to both CM forms? A) Both forms provide advice to the owner on constructibility, budget and the schedule. B) Both require that the liabilities and risks assumed by the parties be clearly understood, coordinated, and stated in the respective contracts. C) Both forms allow the CM to function in an advisory role for the entire engagement of the CM. D) Services can vary based on the contractual relationships of the parties and the risks that are assumed. - C) Both forms allow the CM to function in an advisory role for the entire engagement of the CM. Construction management had its beginnings in the early to mid-1960's. Which of the following factors contributed to the initial use of this delivery system? A) The need to reduce the overall time and cost associated with project delivery. B) The increasing cost of money and the unpredictability of project funding streams. C) The changing role of the general contractor and the increasing numbers of
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