CMIT 1 Exam Questions And Answers( ) 100% Verified Correct!!

FAR - ANSWERFederal Acquisition Regulations. Regulates acquisition process in public sector projects. CII - ANSWERConstruction Industry Institute of the University of Texas ABET - ANSWERAccredidation Board for Engineering and Technology, est 1932 ANSI - ANSWERAmerican National Standards Institute, accredited the certificate program in 2006 AGC - ANSWERAssociated General Contractors of America, est 1918 GSA - ANSWERGeneral Services Administration one of the first owners willing to pioneer construction management in the public sector LEED - ANSWERLeadership in Energy and Environmental Design CUAIR - ANSWERConstruction Users Anti-Inflation Roundtable est 1969 to counteract unchecked inflation and union action. Open Procurement Process - ANSWER1. projects publicly advertised 2. proposals are evaluated against pre-established criteria 3. selection based on price or best value Public contracting advantage - ANSWER1. ability to direct consultants to perform work beyond original scope 2. public owner has right to audit the service providers books at any time 3. civil and criminal penalties for program fraud Public socio-economic advantage - ANSWER1. specify participation MWESB 2. payment and performance bonds required. 3. local labor participation P3s - ANSWERprivate public partnerships Repeat builders - ANSWERIn order to support their core business functions are required to build on a regular basis to expand or renovate a building portfolio (ex: colleges,