CMIT 382 Final Exam Prep: Construction Management & Project Delivery Systems — Complete Question Bank with Verified Answers

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CMIT 382 FINAL EXAM LATEST 2026/2027 REAL EXAM 2
LATEST VERSIONS 100 QUESTIONS AND CORRECT
ANSWERS|A+GRADE.
Actual usage of a particular contract form for the construction phase depends on: A) The
particular delivery system being used. B) The type of project being implemented and the
completion status of the plans and specifications at the time of contracting. C) The
consideration of any performance requirements, the level of sophistication of the owner,
and the role of the architect/engineers involved. D) All of the above - ......ANSWER........D)
All of the above

There are two basic categories of construction phase contracts, cost reimbursement and
fixed price. True False - ......ANSWER........True

Under a fixed price or lump sum contract, the contractors can be asked to bid on work
based on partially completed documents (scope of bid), or a complete set of drawings and
specifications. True False - ......ANSWER........True

The primary advantage of the fixed price or lump sum contract is that bids should be taken
on contract documents that are only 50% complete. True False - ......ANSWER........False

A general contractor working under a fixed price contract will always put its interests
ahead of the owner. True False - ......ANSWER........True

Under a cost-plus fixed fee arrangement, fixed fees are usually established at the time of
contract award; however, it may vary with the actual cost expended as the scope of work
changes. True False - ......ANSWER........True

Under a Guaranteed Maximum Price arrangement, the contractor is usually selected, and
a GMP is established with the understanding by the parties that the actual cost of the work
could be greater than the GMP. True False - ......ANSWER........False

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On some GMP projects, the owner may reserve the right to approve all trade and purchase
contracts. Normally, the owner pays the difference between the estimated trade contract
costs and the trade contract award value when the award value approved by the owner is
greater than the estimated bid element included in the contractor's GMP. True False
- ......ANSWER........True

Once a GMP for construction costs is established, the contractor takes the risk of
completing the project. True False - ......ANSWER........True

A guaranteed maximum price can never change. True False - ......ANSWER........False

Under a GMP contract, the intent of an incentive clause is to challenge the contractor to
construct the project for less than the established GMP. True False
- ......ANSWER........True

Under a unit price-type contract, the total cost to the owner will vary with the actual units
put in place. In addition, the owner assumes the risk of cost and the amount of work
required. True False - ......ANSWER........True

In cases where standard construction contract forms are proposed to be used, it is
imperative that legal counsel be utilized to review and assess the contract as to form, the
scope of services to be provided, risks assumed by the parties, terms and conditions
included, compliance with applicable laws, and the compatibility with other related
contracts. True False - ......ANSWER........True

Quality control begins A) At the start of construction B) At the start of design C) At the start
of planning D) At the start of the punch list - ......ANSWER........C) At the start of planning

The contractor is solely responsible for safety on the job site. True False
- ......ANSWER........False

A key element leading to successful project management is decision making based on
adequate information. True False - ......ANSWER........True

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Which statement most adequately describes the scheduling results desired on a project?
A) A bar chart that shows the start of major tasks. B) Mitigation of time and resource crises.
C) The date of the earliest possible project completion. D) Specification of the CPM tools to
be utilized. - ......ANSWER........D) Specification of the CPM tools to be utilized

A project schedule must always be in a CPM format. True False - ......ANSWER........False

The CM does not have the responsibility to generate and track the project budget. True
False - ......ANSWER........False

The CM is responsible for ensuring that the contracts used on the project are legally
enforceable. True False - ......ANSWER........True

The project record includes A) Letters B) Shop drawing submittals C) CADD files D) All of
the above - ......ANSWER........D) All of the above

The owner's selection of a project delivery system should be made before a decision by the
owner to select a CM and designer. True False - ......ANSWER........True

A/E services are required to be competitively bid under the "Brooks Act." True False
- ......ANSWER........False

CM services, like A/E services, can be accurately defined to provide a basis for a bid. True
False - ......ANSWER........False

A CM response/proposal to an owner's request for proposal can be considered an offer to
enter a contract. True False - ......ANSWER........True

CMAA defines construction management as a professional management practice applied
to construction projects from project inception to completion for the purpose of
controlling time, cost, scope, and quality. True False - ......ANSWER........True

What regulations define and differentiate public and private sector contracting? A) OSHA
B) CMAA Standard Contract form A-1 C) FAR D) ADR - ......ANSWER........FAR