COMMERCIAL CONSTRUCTION EXAM SCRIPT
2025/2026 QUESTIONS AND ANSWERS GUARANTEE A+
✔✔CM at Risk Contract - ✔✔Similar to Cost Plus Fee, builder is brought onboard early
✔✔Design-Build - ✔✔The owner contracts with one entity (a person or firm) to provide
both design and construction services, that entity then subcontracts portions of the work
to others as needed
✔✔IPD - ✔✔Integrated Project Delivery - fully integrated, try-lateral agreement where all
risk (schedule, budget, design, construction) is shared by the 3 prime stakeholders
✔✔CM Agent - ✔✔-CM provides early consulting and may act on behalf of the owner in
assembling and coordinating construction trades prior and during construction
-CM typically provide their services for a fixed fee
-CM does not assume risk for the actual construction cost, passes on both savings and
overruns to the owner
✔✔AIA Document A201 - ✔✔General Conditions of the Contract for Construction
✔✔Construction Documents - ✔✔project manual, RFP, drawings, plans, specifications,
addenda, formal changes (RFI, ASI)
✔✔RFI - ✔✔a request for information
✔✔ASI - ✔✔Architect supplemental information
✔✔What is included in a typical construction plan? - ✔✔Cover Page, Title Block,
Revision Block, Drawing Scale, Graphic Depiction, Key Notes, General Notes, Legends
✔✔Plan View - ✔✔overhead view, dimensions, elevation references, section references
✔✔Elevation View - ✔✔Drawing view
✔✔Building Section View - ✔✔Cut-way view of the entire building, used to locate BASIC
material for walls.
✔✔Site Plan - ✔✔a view of the building as seen from directly above. Shows roof of
building, surrounding yards, property lines, compass, scale
✔✔Proposal - ✔✔submitted by Builder when cost and time have been impacted for any
reason
, ✔✔Proposal Request - ✔✔request for proposal of cost and time impact with detailed
change
✔✔Change Directive - ✔✔direction to change something
✔✔Change Order - ✔✔a formal change made after an accepted proposal or agreement
has been put in place.
✔✔IBC - ✔✔International Building Code
✔✔TAS - ✔✔Texas Accessibility Standards
✔✔Bond - ✔✔type of insurance policy that represents a promise to repay a fixed
amount of funds, protects owner from unforeseen costs due to builder negligence
✔✔Bond Underwriter - ✔✔"middleman", usually a banker or investment company,
works with bond issuer to market the bonds - lots of assets (cash)
✔✔Bonding Agent - ✔✔local relationship that finds/sells contractors good bonding
companies
✔✔Bid Bond - ✔✔guarantees that the selected contractor will enter into a contract with
the owner for the bid price, relatively cheap, price won't change
✔✔Performance and Payment Bond - ✔✔Not cheap, policy pays for unpaid bills at no
additional cost to the owner (1%-3% of contract total)
✔✔Insurance Coverages - ✔✔builders risk insurance, liability coverage, workers comp,
ensure that owner will not pay any claims or damages
✔✔4 quadrants of business risk - ✔✔operational risk, financial risk, hazard risk,
strategic risk
✔✔Phases of Budgeting/Cost - ✔✔Estimate->Bid->Budget->Cost
✔✔Critical Path Method - ✔✔A method used to estimate the minimum project duration
and determine the amount of scheduling flexibility on the logical network paths within
the schedule model.
✔✔Submittal - ✔✔documented confirmation that what has been included in the
estimate/bid/contract/subcontract matches what is specified/drawn/intended by the
design team
2025/2026 QUESTIONS AND ANSWERS GUARANTEE A+
✔✔CM at Risk Contract - ✔✔Similar to Cost Plus Fee, builder is brought onboard early
✔✔Design-Build - ✔✔The owner contracts with one entity (a person or firm) to provide
both design and construction services, that entity then subcontracts portions of the work
to others as needed
✔✔IPD - ✔✔Integrated Project Delivery - fully integrated, try-lateral agreement where all
risk (schedule, budget, design, construction) is shared by the 3 prime stakeholders
✔✔CM Agent - ✔✔-CM provides early consulting and may act on behalf of the owner in
assembling and coordinating construction trades prior and during construction
-CM typically provide their services for a fixed fee
-CM does not assume risk for the actual construction cost, passes on both savings and
overruns to the owner
✔✔AIA Document A201 - ✔✔General Conditions of the Contract for Construction
✔✔Construction Documents - ✔✔project manual, RFP, drawings, plans, specifications,
addenda, formal changes (RFI, ASI)
✔✔RFI - ✔✔a request for information
✔✔ASI - ✔✔Architect supplemental information
✔✔What is included in a typical construction plan? - ✔✔Cover Page, Title Block,
Revision Block, Drawing Scale, Graphic Depiction, Key Notes, General Notes, Legends
✔✔Plan View - ✔✔overhead view, dimensions, elevation references, section references
✔✔Elevation View - ✔✔Drawing view
✔✔Building Section View - ✔✔Cut-way view of the entire building, used to locate BASIC
material for walls.
✔✔Site Plan - ✔✔a view of the building as seen from directly above. Shows roof of
building, surrounding yards, property lines, compass, scale
✔✔Proposal - ✔✔submitted by Builder when cost and time have been impacted for any
reason
, ✔✔Proposal Request - ✔✔request for proposal of cost and time impact with detailed
change
✔✔Change Directive - ✔✔direction to change something
✔✔Change Order - ✔✔a formal change made after an accepted proposal or agreement
has been put in place.
✔✔IBC - ✔✔International Building Code
✔✔TAS - ✔✔Texas Accessibility Standards
✔✔Bond - ✔✔type of insurance policy that represents a promise to repay a fixed
amount of funds, protects owner from unforeseen costs due to builder negligence
✔✔Bond Underwriter - ✔✔"middleman", usually a banker or investment company,
works with bond issuer to market the bonds - lots of assets (cash)
✔✔Bonding Agent - ✔✔local relationship that finds/sells contractors good bonding
companies
✔✔Bid Bond - ✔✔guarantees that the selected contractor will enter into a contract with
the owner for the bid price, relatively cheap, price won't change
✔✔Performance and Payment Bond - ✔✔Not cheap, policy pays for unpaid bills at no
additional cost to the owner (1%-3% of contract total)
✔✔Insurance Coverages - ✔✔builders risk insurance, liability coverage, workers comp,
ensure that owner will not pay any claims or damages
✔✔4 quadrants of business risk - ✔✔operational risk, financial risk, hazard risk,
strategic risk
✔✔Phases of Budgeting/Cost - ✔✔Estimate->Bid->Budget->Cost
✔✔Critical Path Method - ✔✔A method used to estimate the minimum project duration
and determine the amount of scheduling flexibility on the logical network paths within
the schedule model.
✔✔Submittal - ✔✔documented confirmation that what has been included in the
estimate/bid/contract/subcontract matches what is specified/drawn/intended by the
design team
