CM EXAM 1 QUESTIONS AND ANSWERS
Benefits of an integrated project design delivery - Answers- Any form of project delivery
system that brings the contact onto the project team at the onset of the project design
process
Two factors an owner must consider when choosing a type of contract for a construction
project - Answers- The contractor selection depends on the type of project and the
amount of risk the owner is willing to accept
Five characteristics that differentiate the four Project delivery systems - Answers- The
number of contacts the owner executes, the relationship and roles of each party to
contact, the point at which the contractor gets involved in the project, the ability to
overlap design and construction, and who guarantees the sufficiency of the CDs
Characteristics, advantages, and disadvantages of the four main types of construction
contracts - Answers- Lump sum, cost plus a fee, guaranteed maximum price and unit
costs
Correlation between owners level of risk and the type of contract (pricing method) -
Answers- As the owner uses the type of contract that mitigates their risk, project costs
go up. The contractor compensates for his higher risk by pricing the work accordingly
Project delivery system - Answers- Must meet the owners goals of: needs, time, and
budget constraints
Project delivery process - Answers- Project needs and requirements are documented,
preliminary plans are created, initial materials equipment and systems are selected, A
reiterative Refining process of design, material, equipment and systems is undertaken
until finalized, completion of the construction documents, owners select procurement
and award process for selecting the contractor, owner selects contract type
Purpose of bid documents - Answers- Invitation to bid, instructions to bidders, bid form
The purpose of a construction contract - Answers- Enumerates in detail what
deliverables they have agreed to provide, enumerates in various documents that are
part of the contact, sets the rules of playing the game of construction, and enforceable
by law
Purpose of the general and supplementary conditions of the contract - Answers- GC's -
provides the fundamental definitions in process\procedure for caring out the terms of the
contract, the work, and the plans and specifications.
SC - used to supplement the general conditions to the contract that are specific to the
project including, soil's report and testing, survey information, services provided by the
Benefits of an integrated project design delivery - Answers- Any form of project delivery
system that brings the contact onto the project team at the onset of the project design
process
Two factors an owner must consider when choosing a type of contract for a construction
project - Answers- The contractor selection depends on the type of project and the
amount of risk the owner is willing to accept
Five characteristics that differentiate the four Project delivery systems - Answers- The
number of contacts the owner executes, the relationship and roles of each party to
contact, the point at which the contractor gets involved in the project, the ability to
overlap design and construction, and who guarantees the sufficiency of the CDs
Characteristics, advantages, and disadvantages of the four main types of construction
contracts - Answers- Lump sum, cost plus a fee, guaranteed maximum price and unit
costs
Correlation between owners level of risk and the type of contract (pricing method) -
Answers- As the owner uses the type of contract that mitigates their risk, project costs
go up. The contractor compensates for his higher risk by pricing the work accordingly
Project delivery system - Answers- Must meet the owners goals of: needs, time, and
budget constraints
Project delivery process - Answers- Project needs and requirements are documented,
preliminary plans are created, initial materials equipment and systems are selected, A
reiterative Refining process of design, material, equipment and systems is undertaken
until finalized, completion of the construction documents, owners select procurement
and award process for selecting the contractor, owner selects contract type
Purpose of bid documents - Answers- Invitation to bid, instructions to bidders, bid form
The purpose of a construction contract - Answers- Enumerates in detail what
deliverables they have agreed to provide, enumerates in various documents that are
part of the contact, sets the rules of playing the game of construction, and enforceable
by law
Purpose of the general and supplementary conditions of the contract - Answers- GC's -
provides the fundamental definitions in process\procedure for caring out the terms of the
contract, the work, and the plans and specifications.
SC - used to supplement the general conditions to the contract that are specific to the
project including, soil's report and testing, survey information, services provided by the
