CCM Exam Questions & Answers Rated 100% Correct!!!
1. A fixed fee contract between an owner and a CM
the duration for CM
can disadvantage one of the parties
ser- vices is usually
involved because
shorter than what is
included in the fixed
fee proposal.
a retention of 5-10%
can be withheld by the
owner.
it may tempt the CM to
put forth less ettort in
order to maximize
profit.
the owner can claim a
per- centage of the
fixed fee, based upon
the owner's ef- forts
versus the ettorts of
the CM.
2. A CM as agent contract will have as part of the contract the
performance of inde-
pendent professional
ser- vices.
payment and
performance bonds.
the option to perform
con- struction work.
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, CCM Exam Questions & Answers Rated 100% Correct!!!
a vested financial
interest in the project.
3. A $30 million parking garage is to be the standard
delivered using a design-build process. The
construction coverage
structure will be built on a
2/
7
1. A fixed fee contract between an owner and a CM
the duration for CM
can disadvantage one of the parties
ser- vices is usually
involved because
shorter than what is
included in the fixed
fee proposal.
a retention of 5-10%
can be withheld by the
owner.
it may tempt the CM to
put forth less ettort in
order to maximize
profit.
the owner can claim a
per- centage of the
fixed fee, based upon
the owner's ef- forts
versus the ettorts of
the CM.
2. A CM as agent contract will have as part of the contract the
performance of inde-
pendent professional
ser- vices.
payment and
performance bonds.
the option to perform
con- struction work.
1/
7
, CCM Exam Questions & Answers Rated 100% Correct!!!
a vested financial
interest in the project.
3. A $30 million parking garage is to be the standard
delivered using a design-build process. The
construction coverage
structure will be built on a
2/
7
