EXAM COMPREHENSIVE QUESTIONS
AND VERIFIED ANSWERS GRADED A+ |
100% PASS | 2025 UPDATE!
When delay is due to cause, beyond the control of both the owner and
the contractor, an extension in contract time in the amount equal to
the time lost on the critical path shall be the contractor's sole and
exclusive remedy for such delay.
True False - ✔✔✔ Correct Answer > True
The traditional delivery system is characterized by executing the major
phases of a project in:
A) An overlapping concept
B) A linear sequence
C) A fast track method
D) All of the above - ✔✔✔ Correct Answer > B) A linear sequence
The most common basis of CM liability to a trade contractor with whom
the CM has no contractual relationship is negligent performance of the
CM's:
A) Cost estimating
,B) Inspection of work
C) Project coordination and scheduling
D) All of the above - ✔✔✔ Correct Answer > C) Project coordination
and scheduling
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 Answer > B) Facility features are
fully determined & specified.
The sole source of a CM's liability is to its client.
True False - ✔✔✔ Correct Answer > True
A CM's liability is determined solely by whether or not the CM
performed according to the required standard of care.
True False - ✔✔✔ Correct Answer > False
To the extent that a CM assumes the designer's responsibilities for cost
estimates, the CM faces the same liability as similarly situated
designers.
,True False - ✔✔✔ Correct Answer > True
In the absence of both a limit on construction costs and a warranty for
the accuracy of the cost estimate, a project cost overrun will cause the
CM to lose their fee.
True False - ✔✔✔ Correct Answer > False
Most owner-CM contracts commonly state that the CM's contractual
obligations are solely for the benefit of the owner.
True False - ✔✔✔ Correct Answer > True
Most publicly funded projects require which of the following inclusions
as part of their contract obligations?
A) BIM model
B) Performance bond
C) Mock-up model
D) LEED Gold - ✔✔✔ Correct Answer > B) Performance bond
A Public-Private Partnership (P3) project is usually considered by a
public entity for which of the following primary reasons:
A) Better design
B) Incorporate environmental requirements
C) Lack of funding
, D) Meet sustainability goals - ✔✔✔ Correct Answer > C) Lack of
funding
What is the main advantage of private sector firms in managing their
procurement process?
A) Price
B) Contract terms
C) Bonding
D) Flexibility - ✔✔✔ Correct Answer > D) Flexibility
Once the PMP is written and approved, it should not be changed.
True False - ✔✔✔ Correct Answer > False
What is one of the primary owner benefits of program management?
A) Contractor selection
B) Leveraged purchasing
C) Partnering
D) Aligned dispute resolution - ✔✔✔ Correct Answer > B) Leveraged
purchasing
Project management and program management are similar in that they
both use _________.
A) Lean Six Sigma