7/10/25, 4:15 PM Certified Construction Manager Exam Reference QUESTION AND ANSWERS UPDATED 2025 LATEST Flashcards | Quizlet
Certified Construction Manager Exam Reference
QUESTION AND ANSWERS UPDATED 2025
LATEST
Save
Terms in this set (102)
As-Built Drawings It is also called as record drawings.
Drawings typically prepared by the contractor, based
upon the contract documents and provided in
sufficient detail that indicate to the designer that the
Shop Drawings
contractor intends to construct the referenced work
in a manner that is consistent with the design intent
and the contract documents.
A legally enforceable assurance by the contractor
and/or a third party of satisfactory performance of
Guarantee
products or workmanship during a specific period of
time stated and included in the contract.
Assurance by a party that it will assume stipulated
Warranty
responsibility for its own work.
A pledge from a surety to pay the bond amount to the
owner in the event the bidder defaults on its
Bid Bond commitment to enter into a contract to perform the
work described in the bid documents for the bid
price.
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, 7/10/25, 4:15 PM Certified Construction Manager Exam Reference QUESTION AND ANSWERS UPDATED 2025 LATEST Flashcards | Quizlet
A pledge from a surety guaranteeing the
performance of the obligation defined in the bond,
including the completion of work or payment of the
Bond bond amount to the obligee (owner or contractor) in
the event of a default, or non-payment by a principal
(contractor or subcontractor), as with bid,
performance and labor and material bonds.
A pledge from a surety guaranteeing the
performance of the work or payment of the bond
Performance Bond amount to the obligee (owner or contractor) in the
event of a default in performance of contractual
obligations.
A claim, encumbrance, or charge against or an
Lien interest in property to secure payment of a debt or
performance of an obligation.
Partial payment of the contract amount periodically
paid by the owner, upon approval by the CM,
Progress Payment
verifying that portions of the work have been
accomplished.
A formal demand for compensation, filed by a
contractor or the owner with the other party, in
Claim
accordance with provisions of the contract
documents.
A punitive measure, usually associated with failure to
Penalty
fulfil a contractual obligation.
An amount of money usually set on a per day basis,
which the contractor agrees to pay the owner for
Liquidated Damages
delay in completing the work in accordance with the
contract documents.
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Certified Construction Manager Exam Reference
QUESTION AND ANSWERS UPDATED 2025
LATEST
Save
Terms in this set (102)
As-Built Drawings It is also called as record drawings.
Drawings typically prepared by the contractor, based
upon the contract documents and provided in
sufficient detail that indicate to the designer that the
Shop Drawings
contractor intends to construct the referenced work
in a manner that is consistent with the design intent
and the contract documents.
A legally enforceable assurance by the contractor
and/or a third party of satisfactory performance of
Guarantee
products or workmanship during a specific period of
time stated and included in the contract.
Assurance by a party that it will assume stipulated
Warranty
responsibility for its own work.
A pledge from a surety to pay the bond amount to the
owner in the event the bidder defaults on its
Bid Bond commitment to enter into a contract to perform the
work described in the bid documents for the bid
price.
https://quizlet.com/1059541715/certified-construction-manager-exam-reference-question-and-answers-updated-2025-latest-flash-cards/ 1/9
, 7/10/25, 4:15 PM Certified Construction Manager Exam Reference QUESTION AND ANSWERS UPDATED 2025 LATEST Flashcards | Quizlet
A pledge from a surety guaranteeing the
performance of the obligation defined in the bond,
including the completion of work or payment of the
Bond bond amount to the obligee (owner or contractor) in
the event of a default, or non-payment by a principal
(contractor or subcontractor), as with bid,
performance and labor and material bonds.
A pledge from a surety guaranteeing the
performance of the work or payment of the bond
Performance Bond amount to the obligee (owner or contractor) in the
event of a default in performance of contractual
obligations.
A claim, encumbrance, or charge against or an
Lien interest in property to secure payment of a debt or
performance of an obligation.
Partial payment of the contract amount periodically
paid by the owner, upon approval by the CM,
Progress Payment
verifying that portions of the work have been
accomplished.
A formal demand for compensation, filed by a
contractor or the owner with the other party, in
Claim
accordance with provisions of the contract
documents.
A punitive measure, usually associated with failure to
Penalty
fulfil a contractual obligation.
An amount of money usually set on a per day basis,
which the contractor agrees to pay the owner for
Liquidated Damages
delay in completing the work in accordance with the
contract documents.
https://quizlet.com/1059541715/certified-construction-manager-exam-reference-question-and-answers-updated-2025-latest-flash-cards/ 2/9
