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Exam (elaborations)

CCCM Exam With Latest Solutions 2024

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CCCM Exam With Latest Solutions 2024

Institution
CCCM - Certified Commercial Contract Manager
Course
CCCM - Certified Commercial Contract Manager









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Institution
CCCM - Certified Commercial Contract Manager
Course
CCCM - Certified Commercial Contract Manager

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Uploaded on
October 2, 2024
Number of pages
8
Written in
2024/2025
Type
Exam (elaborations)
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CCCM Exam With Latest Solutions 2024



What .does .commercial .general .liability .cover? .- .correct .answer.Bodily .injury, .property
.damage .and .false .advertsing




What .is .a .FORMAL .DEMAND .for .compensation .by .the .contractor? .- .correct
.answer.Claim. .The .phrase .formal .demand .is .what .separates .this .from .a .change .order.




If .a .structure .is .being .built .on .a .former .brown .field .site. .What .type .of .insurance .coverage
.should .the .CM .recommend? .- .correct .answer.Pollution .Legal .Liability .Coverage




What .is .a .cost .plus .contract? .- .correct .answer.A .contract .that .covers .project .costs .and
.contractor .markup. .Aka .time .and .materials.




Why .do .owners .like .cost .plus .GMP .agreements? .- .correct .answer.The .time .of
.performance .is .reduced.




T/F, .One .purpose .of .the .general .conditions .is .to .provide .a .procedure .for .executing
.changes .in .the .work .scope .in .a .fair .and .equitable .manner? .- .correct .answer.True




What .project .delivery .method .puts .the .most .risk .on .the .owner? .- .correct .answer.Multi
.Prime




What .does .substantial .completion .Mean? .- .correct .answer.The .project .is .ready .for
.occupancy .in .accordance .with .its .intended .purpose.




What .is .the .term .used .to .describe .work .that .is .not .conforming .to .contract .specs .that .the
.contractor .must .complete .prior .to .final .payments? .- .correct .answer.Punchlist




A .CM .is .protected .from .a .contractor's .recovery .in .tort .due .to .what? .- .correct .answer.The
.economic .loss .rule




A .contractor .submits .a .payment .requisition .for .certification .by .the .CM. .The .schedule .of
.values .contains .a .new .item .for .a .change .order .that .was .submitted .but .has .not .been

.approved .by .the .owner. .What .should .the .CM .do? .- .correct .answer.Reject .the .entire

.payment .requisition .and .require .resubmission




What .are .the .5 .key .principals .of .sustainability? .- .correct .answer.1. .Integrated .design
.principles .

2. .Optimize .energy .performance .

, 3.Protect .and .conserve .water
4. .Enhance .indoor .environmental .quality
5. .Reduce .environmental .impacts .of .materials

Name .two .pros .of .design-bud-build .(hard .bid) .- .correct .answer.1. .Typically .lower .costs
2. .Most .straightforward

Name .three .cons .of .design .bud .build .- .correct .answer.1. .May .reduce .quality .due .to .lowest
.cost .subs .and .materials

2. .Longer .due .to .completing .design .before .construction .can .begin
3. .No .architect/contractor .collaboration. .Design .needs .to .be .very .well .done.

What .is .the .term .for .sum .of .money .the .contractor .agrees .to .pay .for .project .delays? .-
.correct .answer.Liquidated .damages




What .is .the .term .used .to .determine .how .best .to .meet .the .necessary .function,
.performance .and .reliability .of .a .project .at .minimum .life .cycle .cost? .- .correct .answer.Value

.Engineering




When .are .addenda .issued? .- .correct .answer.Before .the .contract .is .signed

What .term .is .used .to .define .a .detailed .written .description .of .the .project .requirements? .-
.correct .answer.Specification




What .legal .encumbrance .can .a .contractor .use .to .secure .payment .after .the .work .has .been
.completed? .- .correct .answer.Lein




In .the .event .of .a .default .in .construction .performance, .the .owner .has .rights .under .what
.document? .- .correct .answer.Performance .bond




If .a .contractor .defaults .in .construction .performance .and .a .performance .bond .is .used .who
.pays .for .a .new .contractor .or .compensated .the .owner? .- .correct .answer.The .surety

.company




What .is .the .purpose .of .public .building .statutes? .- .correct .answer.Protect .public .funds .
Ensure .continuation .of .free .enterprise

Where .should .project .dimensions, .manufacturing .conventions .and .special .fabrication
.instructions .be .included? .- .correct .answer.Shop .Drawings




A .contingency .amount .of .15% .would .be .most .appt .at .which .phase .of .a .project? .- .correct
.answer.Design




What .is .the .formula .for .earned .value .in .an .earned .value .analysis? .- .correct .answer.EV .=
.% .of .project .complete .* .project .budget

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