Cmit Exam (200 Multiple Choice) 2026- Comprehensive Q&A For Certification Success

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CMIT EXAM (200 MULTIPLE CHOICE)
2026- COMPREHENSIVE Q&A FOR
CERTIFICATION SUCCESS


There are two basic categories of construction phase contracts, cost
reimbursement and fixed price.
True False - correct-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 bid), or a complete set of
drawings and specifications.
True False - correct-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 - correct-answer -False




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

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Under a cost plus fixed fee arrangement, fixed fee is 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 - correct-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 - correct-answer -False




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 - correct-answer -True




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

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A guaranteed maximum price can never change.
True False - correct-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 - correct-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 - correct-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 - correct-answer -True




Quality control begins

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A) At the start of construction
B) At the start of design
C) At the start of planning
D) At the start of the punchlist - correct-answer -C) At the start of planning




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




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




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. - correct-answer -D) Specification
of the CPM tools to be utilized