CM 4221 MIDTERM LATEST
EXAM
ANSWER ALL QUESTIONS IN THIS SECTION
QUESTION 1
What are the advantages with CM at risk? - ANSWERS--Construction input during
design
-Useful for complex and high-risk projects
-Reduction of construct ability risk
-Owner has more design control
QUESTION 2
What are the disadvantages with CM at risk? - ANSWERS--Potential difficulty in
negotiating GMP
-Project costs not known until late in A?E pause
-No contract between CM at risk firm and Designer
-Additional fees for CM use during design
QUESTION 3
END OF
PAGE
1
, CM 4221 MIDTERM LATEST
EXAM
What are the advantages with Design-Build? - ANSWERS--One contract for
Owner to manage
-Construction input during design
-Useful for large and complex jobs
-Allows innovation
-Complete projects faster
QUESTION 4
What are the disadvantages with Design-Build? - ANSWERS--Lack of input by
the owner during design and construction
-Reduced Owner control of design and construction
-Total project cost may be unknown until construction phase
-Less competition during bidding
-Potential to be difficult to estimate
QUESTION 5
What are the advantages with Integrated Project Delivery Method? - ANSWERS--
Ties all the major firms to one contract agreement
-Early involvement of key project participants
END OF
PAGE
2
, CM 4221 MIDTERM LATEST
EXAM
-Painshare/Gainshare
-All firms participate in project goal setting
-Waiver of liability
-Joint decision-making
QUESTION 6
What are the disadvantages with Integrated Project Delivery Method? -
ANSWERS--Lack of legal precedence
-Multiple-party agreements not allowed on federal projects
-Insurance difficult and expensive
-No single-source of responsibility
QUESTION 7
What are the advantages of Agency Construction Management? - ANSWERS--
Provides Owner with construction expertise throughout
-Expert program/project management abilities
-Potential for VE
-Useful for Large Projects
END OF
PAGE
3
EXAM
ANSWER ALL QUESTIONS IN THIS SECTION
QUESTION 1
What are the advantages with CM at risk? - ANSWERS--Construction input during
design
-Useful for complex and high-risk projects
-Reduction of construct ability risk
-Owner has more design control
QUESTION 2
What are the disadvantages with CM at risk? - ANSWERS--Potential difficulty in
negotiating GMP
-Project costs not known until late in A?E pause
-No contract between CM at risk firm and Designer
-Additional fees for CM use during design
QUESTION 3
END OF
PAGE
1
, CM 4221 MIDTERM LATEST
EXAM
What are the advantages with Design-Build? - ANSWERS--One contract for
Owner to manage
-Construction input during design
-Useful for large and complex jobs
-Allows innovation
-Complete projects faster
QUESTION 4
What are the disadvantages with Design-Build? - ANSWERS--Lack of input by
the owner during design and construction
-Reduced Owner control of design and construction
-Total project cost may be unknown until construction phase
-Less competition during bidding
-Potential to be difficult to estimate
QUESTION 5
What are the advantages with Integrated Project Delivery Method? - ANSWERS--
Ties all the major firms to one contract agreement
-Early involvement of key project participants
END OF
PAGE
2
, CM 4221 MIDTERM LATEST
EXAM
-Painshare/Gainshare
-All firms participate in project goal setting
-Waiver of liability
-Joint decision-making
QUESTION 6
What are the disadvantages with Integrated Project Delivery Method? -
ANSWERS--Lack of legal precedence
-Multiple-party agreements not allowed on federal projects
-Insurance difficult and expensive
-No single-source of responsibility
QUESTION 7
What are the advantages of Agency Construction Management? - ANSWERS--
Provides Owner with construction expertise throughout
-Expert program/project management abilities
-Potential for VE
-Useful for Large Projects
END OF
PAGE
3
