CMIT Exam (200 multiple choice) Questions With Complete Solutions

CMIT Exam (200 multiple choice) Questions With Complete
Solutions

21.
In a CM-at-Risk arrangement once construction begins and the
CM converts from the professional advisory role of a CM to the
contractual role of a general contractor, the CM has no implied
duties of loyalty and care to the owner.
True False Correct Answers True

A 5D BIM model incorporates which project attribute?
A) Schedule
B) Quality
C) Phasing
D) Cost Correct Answers D) Cost

A CM must be aware of its contractual obligations regarding
safety on the project site.
True False Correct Answers True

A CM must purchase insurance coverage for protection against
claims by its own employees.
True False Correct Answers True

A CM response/proposal to an owner's request for proposal can
be considered an offer to enter into a contract.
True False Correct Answers True

A CM should seek the advice of legal counsel when preparing or
modifying contracts.
True False Correct Answers True

,A CM under an agency relationship, with the owner managing
multi-prime contractors, must consider its own risk first in
managing those contractors.
True False Correct Answers True

A CM, acting as an agent of the owner, will bond a multi-prime
job.
True False Correct Answers False

A CM's liability is determined solely by whether or not the CM
performed according to the required standard of care.
True False Correct Answers False

A CM's role and responsibilities are governed solely by the
Owner/CM Agreement.
True False Correct Answers True

A contract is an arrangement for the distribution of construction
project risk between the parties.
True False Correct Answers True

A cost plus fixed fee contract is what type of contract?
A) Cost reimbursement
B) Lump sum
C) Time & material
D) Unit price Correct Answers A) Cost reimbursement

A Dispute Review Board does not meet until there is a dispute.
True False Correct Answers False

,A general contractor working under a fixed price contract will
always put its interests ahead of the owner.
True False Correct Answers True

A guaranteed maximum price can never change.
True False Correct Answers False

A key advantage of the traditional delivery approach is:
A) With the traditional delivery system, the cost of the
construction phase is known before construction starts.
B) Facility features are fully determined & specified.
C) When the construction contract is signed, the major risk
belongs to the contractor.
D) All of the above Correct Answers B) Facility features are
fully determined & specified.

A key element leading to successful project management is
decision making based on adequate information.
True False Correct Answers True

A legal relationship by which one party is empowered and
obligated to act on behalf of another party is called:
A) An agreement
B) Agency
C) Addenda
D) A contract Correct Answers B) Agency

A limitation provision seeks to limit a party's liability to the
party's client.
True False Correct Answers True

, A mediator cannot impose an agreement upon the parties.
True False Correct Answers True

A method of compensation that creates a potential for conflict of
interest between the owner's interests and the CM's interests is
indicative of an agency CM relationship.
True False Correct Answers False

A mini-trial, whether required by contract or agreed to
voluntarily, results in a binding decision.
True False Correct Answers False

A project delivery approach that is gaining acceptance for
allocating risks among project teams is referred to as the
________ method.
A) D-B
B) IPD
C) FAR
D) D-B-B Correct Answers B) IPD

A project management system that utilizes a periodic consistent
measurement of work performed in terms of budget is known as
a ____________ system?
A) CPM
B) ISO
C) Earned value
D) Value engineering Correct Answers C) Earned value

A project schedule must always be in a CPM format.
True False Correct Answers False