CMIT 1 Final Examination Practice Questions and Answers

FARFederal Acquisition Regulations. Regulates acquisition process in public sector projects. CIIConstruction Industry Institute of the University of Texas ABETAccredidation Board for Engineering and Technology, est 1932 ANSIAmerican National Standards Institute, accredited the certificate program in 2006 AGCAssociated General Contractors of America, est 1918 GSAGeneral Services Administration one of the first owners willing to pioneer construction management in the public sector LEEDLeadership in Energy and Environmental Design CUAIRConstruction Users Anti-Inflation Roundtable est 1969 to counteract unchecked inflation and union action. Open Procurement Process1. projects publicly advertised 2. proposals are evaluated against pre-established criteria 3. selection based on price or best value Public contracting advantage1. ability to direct consultants to perform work beyond original scope 2. public owner has right to audit the service providers books at any time 3. civil and criminal penalties for program fraud Public socio-economic advantage1. specify participation MWESB 2. payment and performance bonds required. 3. local labor participation P3sprivate public partnerships Repeat buildersIn order to support their core business functions are required to build on a regular basis to expand or renovate a building portfolio (ex: colleges, government agencies, housing developers, military....)