2026-2027 Actual Complete Real Exam Questions And Correct
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Sound CM experience and expertise - ANSWER -> What's
gained in one
segment of the industry has value in other
sectors as well.
Public Owners - ANSWER -> Involved in project development
for federal, state,
or municipal
projects.
> Semi-Public Institutions (i.e.: utilities, regional airport
authorities, educational
and research institutions) conduct themselves as public
sector owners.
.> Public owners exert great influence in project development.
FAR - ANSWER -Federal Acquisition Regulations
> Define and differentiate public and private sector contracting.
, > Applicable to most executive agencies in federal
government.
> Greatly influence most other US public/semi-public owners
for acquisition
process and execution of public
sector projects.
> Account for nearly 80% of all dollars spent for projects
developed in the US.
> Have immense diversity, scope, and size.
Principal Differentiatiors of
Public Owners
(3) - ANSWER -1. Open procurement process for selection of
project teams.
2. Their advantage in contract language.
3. Inclusion of socio-economic objectives in contract.
Open Procurement Process - ANSWER -> For procurement
of consultant
services (architects, CMs, construction contractors,
design-builders, etc.).