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CMIT Exam (Multiple Choice)
Comprehensive Q&A For Certification
Success 2026
A CM's role and responsibilities are governed solely by the Owner/CM
Agreement.
True False - correct-answer - 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.
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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. - correct-answer - C) Both forms allow the CM to function
in an advisory role for the entire engagement of the CM.
Actual usage of a particular contract form for the construction phase depends on:
A) The particular delivery system being used.
B) The type of project being implemented and the completion status of the plans
and specifications at the time of contracting.
C) The consideration of any performance requirements, the level of sophistication
of the owner, and the role of the architect/engineers involved.
D) All of the above - correct-answer - D) All of the above
There are two basic categories of construction phase contracts, cost
reimbursement and fixed price.
True False - correct-answer - True
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Under a fixed price or lump sum contract, the contractors can be asked to bid on
work based on partially completed documents (scope bid), or a complete set of
drawings and specifications.
True False - correct-answer - True
The primary advantage of the fixed price or lump sum contract is that bids should
be taken on contract documents that are only 50% complete.
True False - correct-answer - False
A general contractor working under a fixed price contract will always put its
interests ahead of the owner.
True False - correct-answer - True
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Under a cost plus fixed fee arrangement, fixed fee is usually established at the
time of contract award; however, it may vary with the actual cost expended as
the scope of work changes.
True False - correct-answer - True
Under a Guaranteed Maximum Price arrangement, the contractor is usually
selected and a GMP is established with the understanding by the parties that the
actual cost of the work could be greater than the GMP.
True False - correct-answer - False
On some GMP projects, the owner may reserve the right to approve all trade and
purchase contracts. Normally the owner pays the difference between the
estimated trade contract costs and the trade contract award value when the
award value approved by the owner is greater than the estimated bid element
included in the contractor's GMP.
True False - correct-answer - True
CMIT Exam (Multiple Choice)
Comprehensive Q&A For Certification
Success 2026
A CM's role and responsibilities are governed solely by the Owner/CM
Agreement.
True False - correct-answer - 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.
,2|Page
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. - correct-answer - C) Both forms allow the CM to function
in an advisory role for the entire engagement of the CM.
Actual usage of a particular contract form for the construction phase depends on:
A) The particular delivery system being used.
B) The type of project being implemented and the completion status of the plans
and specifications at the time of contracting.
C) The consideration of any performance requirements, the level of sophistication
of the owner, and the role of the architect/engineers involved.
D) All of the above - correct-answer - D) All of the above
There are two basic categories of construction phase contracts, cost
reimbursement and fixed price.
True False - correct-answer - True
,3|Page
Under a fixed price or lump sum contract, the contractors can be asked to bid on
work based on partially completed documents (scope bid), or a complete set of
drawings and specifications.
True False - correct-answer - True
The primary advantage of the fixed price or lump sum contract is that bids should
be taken on contract documents that are only 50% complete.
True False - correct-answer - False
A general contractor working under a fixed price contract will always put its
interests ahead of the owner.
True False - correct-answer - True
, 4|Page
Under a cost plus fixed fee arrangement, fixed fee is usually established at the
time of contract award; however, it may vary with the actual cost expended as
the scope of work changes.
True False - correct-answer - True
Under a Guaranteed Maximum Price arrangement, the contractor is usually
selected and a GMP is established with the understanding by the parties that the
actual cost of the work could be greater than the GMP.
True False - correct-answer - False
On some GMP projects, the owner may reserve the right to approve all trade and
purchase contracts. Normally the owner pays the difference between the
estimated trade contract costs and the trade contract award value when the
award value approved by the owner is greater than the estimated bid element
included in the contractor's GMP.
True False - correct-answer - True
