CSTM 451 EXAM 1_53 QUESTIONS WITH VERIFIED
ANSWERS
Obtaining the funding for the project - CORRECT ANSWER Which of these is not a
typical step on the Road to implementing a Project Delivery Method?
none of the above. (design-bid build, Cm at risk, design- build, all of the above) -
CORRECT ANSWER Fast-track is a defining characteristic of which of the following
delivery methods?
-Are the design and construction under separate contracts directly to the owner
or are the combined under one contract?
-Is the final selection of the constructor based on criteria other than just the
lowest construction costs? - CORRECT ANSWER Which of the following are
considered "defining" characteristics?
-A Guaranteed Maximum Price (GPM) contract
-a contractual schedule guarantee
-Preconstruction services
-The construction can be fast-tracked - CORRECT ANSWER which of the following
are considered "typical characteristics"?
Best Value: Total Cost - CORRECT ANSWER If an owner selects a contractor using a
competition based on the total construction cost based on less than complete
design and a final selection based on both the price and other non-price criteria,
which procurement method is this?
, Best Value: Fees - CORRECT ANSWER Based on the definitions used in this chapter,
in which procurement method are the fees and the contractor's general
conditions part of the final selection criteria but not the total construction cost?
-Development manager
-Agent CMs
-Program managers - CORRECT ANSWER Third party options for program
management include which of the following?
The number of contracts - CORRECT ANSWER Based on the definitions used in this
chapter, the difference between Multiple Prime Contracting and Direct
Subcontracting is:
Invitation to Bid - CORRECT ANSWER which of the following is not a procurement
method?
Low Bid - CORRECT ANSWER Which of these selections types does not typically
employ a RFQ/RFP process?
-Low Bid
-Best Value: Fees
-Best Value: Total Cost
-Qualifications Based Selection - CORRECT ANSWER Which of the following can be
used as a prequalification process?
ANSWERS
Obtaining the funding for the project - CORRECT ANSWER Which of these is not a
typical step on the Road to implementing a Project Delivery Method?
none of the above. (design-bid build, Cm at risk, design- build, all of the above) -
CORRECT ANSWER Fast-track is a defining characteristic of which of the following
delivery methods?
-Are the design and construction under separate contracts directly to the owner
or are the combined under one contract?
-Is the final selection of the constructor based on criteria other than just the
lowest construction costs? - CORRECT ANSWER Which of the following are
considered "defining" characteristics?
-A Guaranteed Maximum Price (GPM) contract
-a contractual schedule guarantee
-Preconstruction services
-The construction can be fast-tracked - CORRECT ANSWER which of the following
are considered "typical characteristics"?
Best Value: Total Cost - CORRECT ANSWER If an owner selects a contractor using a
competition based on the total construction cost based on less than complete
design and a final selection based on both the price and other non-price criteria,
which procurement method is this?
, Best Value: Fees - CORRECT ANSWER Based on the definitions used in this chapter,
in which procurement method are the fees and the contractor's general
conditions part of the final selection criteria but not the total construction cost?
-Development manager
-Agent CMs
-Program managers - CORRECT ANSWER Third party options for program
management include which of the following?
The number of contracts - CORRECT ANSWER Based on the definitions used in this
chapter, the difference between Multiple Prime Contracting and Direct
Subcontracting is:
Invitation to Bid - CORRECT ANSWER which of the following is not a procurement
method?
Low Bid - CORRECT ANSWER Which of these selections types does not typically
employ a RFQ/RFP process?
-Low Bid
-Best Value: Fees
-Best Value: Total Cost
-Qualifications Based Selection - CORRECT ANSWER Which of the following can be
used as a prequalification process?
