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Appa Cefp Chapter 4 Questions With Correct Detailed Answers Rated A+ Latest Version

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APPA CEFP CHAPTER 4 QUESTIONS WITH CORRECT DETAILED ANSWERS RATED A+ LATEST VERSION 1. Building Information Modeling (BIM) - CORRECT ANSWER -"Enables project participants to access various digital models throughout the design process without having to wait for paper drawings to be produced and delivered." 2. Lump Sum Fee - CORRECT ANSWER -"Is a fixed-price agreement, broken down into phases: preliminary, design development, construction documents, and construction administration. This is generally calculated from an estimate by the designer for the amount of work (hours) necessary by task." 3. Fixed Percentage of Cost Fee - CORRECT ANSWER -"Used on larger projects of known scope and budget. It is also often used as a comparator between different consultants." 4. Time and Materials Fee - CORRECT ANSWER -"Used for projects of unknown scope. The fees are directly charged based on the hourly rates and the number of hours required to perform a task."

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