1|Page
CM 4221 Midterm Exam 2025/2026;
Actual Exam Questions With 100% Verified
Answers |Excellent Scores
How does Economy affect construction? - Correct-answer--Strong economy →
new construction
-Weak economy or recession → renovation and remodeling
What years were the great recession? - Correct-answer-2007-2011
What caused the Great Recession? - Correct-answer--Banks issued adjustable-rate
mortgages (ARM) to subprime borrowers this made obtaining a loan relatively
easy.
-People started buying houses they couldn't afford and homes inflated beyond
true value.
-Adjustable rate loans and lower home values = people no longer able to pay
mortgages
,2|Page
What are the Construction Project Firms? - Correct-answer--Owners (Private,
Government)
- Architects (Design, Landscape)
- Engineers (Civil, Structural, Mechanical)
- Builders (Construction Managers, GC's)
- Trades people (Subcontractors)
- Fabricators/Manufacturers
- Material suppliers
What is the role of the Owner? - Correct-answer-- Determines the need
- Funds the project
- Uses the product (or sells it)
What are the different types of Owners? - Correct-answer-- All levels of
government
- Private organizations
- Individual citizens
- Combinations thereof
,3|Page
What are the two types of Ownerships? - Correct-answer-Public, Private
What are the differences with Public and Private Projects? - Correct-answer-
Public projects:
- Federal, state, county, municipal, and other jurisdictions
- Rigid protocol for project development process
- Competitive bidding usually required (fairness)
- Mostly engineering construction projects (infrastructure)
Private projects:
- Owned by private entity
- Architect then engineering
What is the Designer's (A/E's) role? - Correct-answer-- To depict the Owner's
vision
- To make the Owner's concept buildable
- To ensure quality and the safety of final product
- To serve as the Owner's agent during construction
, 4|Page
What must be included when advertising a project? - Correct-answer--Project
name
-Owner's name
-Location
-Required start date
-Substantial completion date
-Summary of project scope
-Cost range
-Bid opening location and date
What 3 factors does a contractor use when deciding to bid or not? - Correct-
answer--Bonding capacity
-Management policies
-Internal resources
What is Bonding capacity based on? - Correct-answer--Firm's financial stability
-Current backlog
-Management capabilities
-Experience
CM 4221 Midterm Exam 2025/2026;
Actual Exam Questions With 100% Verified
Answers |Excellent Scores
How does Economy affect construction? - Correct-answer--Strong economy →
new construction
-Weak economy or recession → renovation and remodeling
What years were the great recession? - Correct-answer-2007-2011
What caused the Great Recession? - Correct-answer--Banks issued adjustable-rate
mortgages (ARM) to subprime borrowers this made obtaining a loan relatively
easy.
-People started buying houses they couldn't afford and homes inflated beyond
true value.
-Adjustable rate loans and lower home values = people no longer able to pay
mortgages
,2|Page
What are the Construction Project Firms? - Correct-answer--Owners (Private,
Government)
- Architects (Design, Landscape)
- Engineers (Civil, Structural, Mechanical)
- Builders (Construction Managers, GC's)
- Trades people (Subcontractors)
- Fabricators/Manufacturers
- Material suppliers
What is the role of the Owner? - Correct-answer-- Determines the need
- Funds the project
- Uses the product (or sells it)
What are the different types of Owners? - Correct-answer-- All levels of
government
- Private organizations
- Individual citizens
- Combinations thereof
,3|Page
What are the two types of Ownerships? - Correct-answer-Public, Private
What are the differences with Public and Private Projects? - Correct-answer-
Public projects:
- Federal, state, county, municipal, and other jurisdictions
- Rigid protocol for project development process
- Competitive bidding usually required (fairness)
- Mostly engineering construction projects (infrastructure)
Private projects:
- Owned by private entity
- Architect then engineering
What is the Designer's (A/E's) role? - Correct-answer-- To depict the Owner's
vision
- To make the Owner's concept buildable
- To ensure quality and the safety of final product
- To serve as the Owner's agent during construction
, 4|Page
What must be included when advertising a project? - Correct-answer--Project
name
-Owner's name
-Location
-Required start date
-Substantial completion date
-Summary of project scope
-Cost range
-Bid opening location and date
What 3 factors does a contractor use when deciding to bid or not? - Correct-
answer--Bonding capacity
-Management policies
-Internal resources
What is Bonding capacity based on? - Correct-answer--Firm's financial stability
-Current backlog
-Management capabilities
-Experience
