CM 4211 REVISION EXAM TEST 2025/2026 QUESTIONS
WITH ANSWERS TAGGED A+
✔✔Which one of the following statements is false?
- A cost plus percentage fee contract is one where the contractor is reimbursed for his
cost plus a fee that is a percentage of those cost
- A cost plus fixed fee contract is one where the contractor receives the same fee no
matter how high or low the cost
- A target estimate contract is one where the contractor has no incentive to hold down
cost
- A GMP contract is one where the total payment to the contractor of cost and fees is
capped, no matter how high the cost run
- A contractor can make more profit with a fixed price contract than with cost plus
contracts - ✔✔- A target estimate contract is one where the contractor has no incentive
to hold down cost
✔✔Which one of the following statements is false?
- A "fast-track" project is always a contract-only contract
- A "fast-track" project is one in which the construction of one phase is started before
design of another phase is completed
- A drawback to "fast-tracking" a project is the risk that after construction is already
place a problem may develop with subsequent design that requires changing the work
already done
- A "turnkey" contract is always a design construct contract
- A "turnkey" contract is one where the contractor performs virtually every task required
produce a finished, functioning facility - ✔✔- "fast-track" project is always a contract-only
contract
✔✔Which one of the following is not one of the typical documents comprising the
contract documents?
- Bidding documents
- Plans
- Specs
- Subcontracts
- General Conditions - ✔✔- Subcontracts
✔✔An advertisement for a bid should always include four items of information. Which
one of the following does not have to included? - ✔✔- What subcontractors to use
✔✔Which one of the following statements is not true regarding the bid form?
- It is drafted by the Owner
- It is completed by the Contractor
- It may require the Contractor to provide financial information
- It is the offer by the Contractor
, - All of the above are true - ✔✔- All of the above are true
✔✔Which one of the following is not usually found in a Physical Conditions Report?
- Physical conditions of materials to be used
- Subsurface conditions
- Soil conditions
- Weather records
- Hydrographs if a river or stream is nearby - ✔✔- Physical conditions of materials to be
used
✔✔The five threshold red flag prime contract clauses include: - ✔✔- Changes in the
work, differing site conditions, delays of work, dispute resolution, and terminations of
work
✔✔Which one of the following is not a default caused by the contractor that permits the
owner to terminate the contract for clause?
- Contractor becomes insolvent
- Contractor uses a subcontractor that the owner does not like
- Contractor's work fails to meet reasonable quality requirements
- Contractor falls far behind a reasonable time schedule
- None of the above - ✔✔- Contractor uses a subcontractor that the owner does not like
✔✔Liquidated damages are:
- the damages suffered by the owner for faulty workmanship by the contractor
- An agreement between the owner and the contractor after completion of the project as
to actual damages for late completion of the contract
- An agreement between the owner and the contractor as to the per diem amount owed
by the owner to the contractor for early completion of the contract
- None of the above
- Both B & C - ✔✔- None of the above
✔✔NTP stands for: - ✔✔- Notice To Proceed
✔✔Retainage (retention) is the amount the owner keeps from the contractor's progress
payments to pay for: - ✔✔- Remedial work
✔✔A variation in quantities clause is designed to:
- Vary the quantities in a lump sum contract
- Vary the quantities in a unit price contract
- Vary the quantities in a cost plus contract
- Both A & B
- None of the above - ✔✔- None of the above
WITH ANSWERS TAGGED A+
✔✔Which one of the following statements is false?
- A cost plus percentage fee contract is one where the contractor is reimbursed for his
cost plus a fee that is a percentage of those cost
- A cost plus fixed fee contract is one where the contractor receives the same fee no
matter how high or low the cost
- A target estimate contract is one where the contractor has no incentive to hold down
cost
- A GMP contract is one where the total payment to the contractor of cost and fees is
capped, no matter how high the cost run
- A contractor can make more profit with a fixed price contract than with cost plus
contracts - ✔✔- A target estimate contract is one where the contractor has no incentive
to hold down cost
✔✔Which one of the following statements is false?
- A "fast-track" project is always a contract-only contract
- A "fast-track" project is one in which the construction of one phase is started before
design of another phase is completed
- A drawback to "fast-tracking" a project is the risk that after construction is already
place a problem may develop with subsequent design that requires changing the work
already done
- A "turnkey" contract is always a design construct contract
- A "turnkey" contract is one where the contractor performs virtually every task required
produce a finished, functioning facility - ✔✔- "fast-track" project is always a contract-only
contract
✔✔Which one of the following is not one of the typical documents comprising the
contract documents?
- Bidding documents
- Plans
- Specs
- Subcontracts
- General Conditions - ✔✔- Subcontracts
✔✔An advertisement for a bid should always include four items of information. Which
one of the following does not have to included? - ✔✔- What subcontractors to use
✔✔Which one of the following statements is not true regarding the bid form?
- It is drafted by the Owner
- It is completed by the Contractor
- It may require the Contractor to provide financial information
- It is the offer by the Contractor
, - All of the above are true - ✔✔- All of the above are true
✔✔Which one of the following is not usually found in a Physical Conditions Report?
- Physical conditions of materials to be used
- Subsurface conditions
- Soil conditions
- Weather records
- Hydrographs if a river or stream is nearby - ✔✔- Physical conditions of materials to be
used
✔✔The five threshold red flag prime contract clauses include: - ✔✔- Changes in the
work, differing site conditions, delays of work, dispute resolution, and terminations of
work
✔✔Which one of the following is not a default caused by the contractor that permits the
owner to terminate the contract for clause?
- Contractor becomes insolvent
- Contractor uses a subcontractor that the owner does not like
- Contractor's work fails to meet reasonable quality requirements
- Contractor falls far behind a reasonable time schedule
- None of the above - ✔✔- Contractor uses a subcontractor that the owner does not like
✔✔Liquidated damages are:
- the damages suffered by the owner for faulty workmanship by the contractor
- An agreement between the owner and the contractor after completion of the project as
to actual damages for late completion of the contract
- An agreement between the owner and the contractor as to the per diem amount owed
by the owner to the contractor for early completion of the contract
- None of the above
- Both B & C - ✔✔- None of the above
✔✔NTP stands for: - ✔✔- Notice To Proceed
✔✔Retainage (retention) is the amount the owner keeps from the contractor's progress
payments to pay for: - ✔✔- Remedial work
✔✔A variation in quantities clause is designed to:
- Vary the quantities in a lump sum contract
- Vary the quantities in a unit price contract
- Vary the quantities in a cost plus contract
- Both A & B
- None of the above - ✔✔- None of the above
