CSTM 451 EXAM 2 QUESTIONS AND
ANSWERS
Construction-Management-at-Risk-is:
A.-A-construction-project-delivery-method
B.-project-management-method
C.-An-insurance-program-design-to-control-construction-risk---ans-✔✔A.-A-construction-
project-delivery-method
The-defining-characteristics-of-Construction-Management-at-Risk-are:
A.-A-fast-track-schedule,-preconstruction-services-a-separate-contract-for-design-and-
construction,-and-final-selection-based-only-on-lowest-construction-cost-
B.-Preconstruction-services,-a-separate-contract-for-design-and-construction,-and-final-
selection-based-on-factors-other-than-just-lowest-construction-cost
C.-A-separate-contract-for-design-and-construction-and-final-selection-based-on-factors-
other-than-just-lowest-construction-cost---ans-✔✔C.-A-separate-contract-for-design-and-
construction-and-final-selection-based-on-factors-other-than-just-lowest-construction-cost
If-a-Construction-Management-at-Risk-project-includes-a-"GMP",-this-means:
A.-Guaranteed-Maximum-Profit-for-the-construction-manager
B.-All-costs-for-the-project-will-be-subject-to-audit-at-the-conclusion-of-the-project
C.-Guaranteed-Maximum-Price-for-the-project---ans-✔✔C.-Guaranteed-Maximum-Price-
for-the-project
If-CM-at-Risk-is-utilized-on-a-"fast-track"-project:
A.-The-constructor-will-select-the-various-trade-constructor-using-a-hard-bid
B.-The-constructor-can-begin-construction-before-the-completion-of-final-construction-
documents
, C.-The-responsibility-for-design-shifts-to-the-construction-manager---ans-✔✔B.-The-
constructor-can-begin-construction-before-the-completion-of-final-construction-documents
A-true-collaborative-environment-is-most-easily-created-when:
A.-All-parties-use-the-ConsensusDOCS-standard-contract-forms
B.-Selection-of-the-team-members-is-based-on-criteria-other-than-the-lowest-cost
C.-The-designer-and-the-constructor-share-a-common-work-place---ans-✔✔B.-Selection-
of-the-team-members-is-based-on-criteria-other-than-the-lowest-cost
The-CM-at-Risk-is-typically-paid-by-one-of-two-different-methods---the-"schedule-of-
values"-basis-or-the-"backed-up-billing"-basis.-The-method-usually-preferred-by-the-CM-
is:
A.-The-schedule-of-values-basis
B.-The-backed-up-billing-basis
C.-A-hybrid-of-the-two-that-includes-payment-advances---ans-✔✔A.-The-schedule-of-
values-basis
A-major-consideration-for-addressing-changes-in-a-CM-at-Risk-project-is:
A.-The-open-book-relationship-with-the-owner
B.-The-trade-contractor's-markup-on-each-change-order
C.-Whether-the-design-was-approved-in-advance-by-the-owner---ans-✔✔A.-The-open-
book-relationship-with-the-owner
Some-owners-prefer-the-CM-at-Risk-delivery-method-because-of:
A.-The-potential-for-major-cost-savings
B.-The-ability-to-require-the-constructor-to-warrant-the-design
C.-The-Owner's-ability-to-provide-input-on-the-selection-of-trade-contractors---ans-✔✔C.-
The-Owner's-ability-to-provide-input-on-the-selection-of-trade-contractors
Design-Build-is-a:
A.-Construction-project-delivery-method-
ANSWERS
Construction-Management-at-Risk-is:
A.-A-construction-project-delivery-method
B.-project-management-method
C.-An-insurance-program-design-to-control-construction-risk---ans-✔✔A.-A-construction-
project-delivery-method
The-defining-characteristics-of-Construction-Management-at-Risk-are:
A.-A-fast-track-schedule,-preconstruction-services-a-separate-contract-for-design-and-
construction,-and-final-selection-based-only-on-lowest-construction-cost-
B.-Preconstruction-services,-a-separate-contract-for-design-and-construction,-and-final-
selection-based-on-factors-other-than-just-lowest-construction-cost
C.-A-separate-contract-for-design-and-construction-and-final-selection-based-on-factors-
other-than-just-lowest-construction-cost---ans-✔✔C.-A-separate-contract-for-design-and-
construction-and-final-selection-based-on-factors-other-than-just-lowest-construction-cost
If-a-Construction-Management-at-Risk-project-includes-a-"GMP",-this-means:
A.-Guaranteed-Maximum-Profit-for-the-construction-manager
B.-All-costs-for-the-project-will-be-subject-to-audit-at-the-conclusion-of-the-project
C.-Guaranteed-Maximum-Price-for-the-project---ans-✔✔C.-Guaranteed-Maximum-Price-
for-the-project
If-CM-at-Risk-is-utilized-on-a-"fast-track"-project:
A.-The-constructor-will-select-the-various-trade-constructor-using-a-hard-bid
B.-The-constructor-can-begin-construction-before-the-completion-of-final-construction-
documents
, C.-The-responsibility-for-design-shifts-to-the-construction-manager---ans-✔✔B.-The-
constructor-can-begin-construction-before-the-completion-of-final-construction-documents
A-true-collaborative-environment-is-most-easily-created-when:
A.-All-parties-use-the-ConsensusDOCS-standard-contract-forms
B.-Selection-of-the-team-members-is-based-on-criteria-other-than-the-lowest-cost
C.-The-designer-and-the-constructor-share-a-common-work-place---ans-✔✔B.-Selection-
of-the-team-members-is-based-on-criteria-other-than-the-lowest-cost
The-CM-at-Risk-is-typically-paid-by-one-of-two-different-methods---the-"schedule-of-
values"-basis-or-the-"backed-up-billing"-basis.-The-method-usually-preferred-by-the-CM-
is:
A.-The-schedule-of-values-basis
B.-The-backed-up-billing-basis
C.-A-hybrid-of-the-two-that-includes-payment-advances---ans-✔✔A.-The-schedule-of-
values-basis
A-major-consideration-for-addressing-changes-in-a-CM-at-Risk-project-is:
A.-The-open-book-relationship-with-the-owner
B.-The-trade-contractor's-markup-on-each-change-order
C.-Whether-the-design-was-approved-in-advance-by-the-owner---ans-✔✔A.-The-open-
book-relationship-with-the-owner
Some-owners-prefer-the-CM-at-Risk-delivery-method-because-of:
A.-The-potential-for-major-cost-savings
B.-The-ability-to-require-the-constructor-to-warrant-the-design
C.-The-Owner's-ability-to-provide-input-on-the-selection-of-trade-contractors---ans-✔✔C.-
The-Owner's-ability-to-provide-input-on-the-selection-of-trade-contractors
Design-Build-is-a:
A.-Construction-project-delivery-method-
