CEM 100 exam 1 EXAM 2025 COMPLETE EXAM
QUESTIONS AND ACCURATE ANSWERS
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Terms in this set (105)
Under what construction Agency CM
contracting method does
the managing entity work
for a professional fee?
What method looks at the value engineering
lowest life-cycle costs for
a project?
Under what construction GMP
contracting method often
results in shaped savings
between owner and
contraction if the project
finishes below the target
price?
The construction separate
contracting method
whereby there is more
than one prime contractor
is referred to as the _____-
contracts system
,What construction design-bid-build
contracting method is
referred to as the
traditional method?
Services on a construction general conditions
project that include trash
disposal, temporary
electrical power,
temporary heat,
guardrails, construction
worker parking, and job
security would fall under
the ____ category
This contracting method design-build
_____ is also referred to as
the turnkey process or as
the turnkey project
delivery method
Concerning contract addenda; change orders.
documents, revisions to
the design plans and
specifications termed,
______ are issued by the A/E
prior once the contract
bids on the project
whereas once the contract
bids signed with
construction underway,
revisions to the design
plans and specifications
are now termed_____
,The construction process fast-track
where by once foundation
design is completed, then
when the next design
phase is completed and
construction then starts
on the phase is termed
_____ construction
What business form Corporation
provides the greatest
liability protection for an
owner?
What business form is joint venture
typically developed only
for one project with the
possible benefit of
pooling bonding
capacity?
Some America's largest joint venture
construction projects
including hoover dam in
southern Nevada, built by
the six companies, have
been constructed by this
business ownership form
where the assets and
other resources of two or
more construction firms
are combined for a
specific project
, A statutory entity that LLC
combines the limited
personal liability feature of
a corporation and the
partnership feature of
taxation at the owner level
is termed a
Concerning business 75
ownership for
construction, contracting
firms in the U.S.,
approximately ____% are
individual proprietorships
A business ownership corporation
form that has the principal
advantages of limited
liability of its owners
perpetual life of the
company, relative ease of
raising capital, the easy
and workable provision
for multiple ownership,
and the economic benefit
that owners pay taxes only
on profits (dividends)
actually received is the ____
in the partnership method limited partner
of business ownership, a
partner that is liable for
partnership debts only up
to the amount of their
investments in the
partnership would be
termed a _____
QUESTIONS AND ACCURATE ANSWERS
|ALREADY PASSED!
Save
Terms in this set (105)
Under what construction Agency CM
contracting method does
the managing entity work
for a professional fee?
What method looks at the value engineering
lowest life-cycle costs for
a project?
Under what construction GMP
contracting method often
results in shaped savings
between owner and
contraction if the project
finishes below the target
price?
The construction separate
contracting method
whereby there is more
than one prime contractor
is referred to as the _____-
contracts system
,What construction design-bid-build
contracting method is
referred to as the
traditional method?
Services on a construction general conditions
project that include trash
disposal, temporary
electrical power,
temporary heat,
guardrails, construction
worker parking, and job
security would fall under
the ____ category
This contracting method design-build
_____ is also referred to as
the turnkey process or as
the turnkey project
delivery method
Concerning contract addenda; change orders.
documents, revisions to
the design plans and
specifications termed,
______ are issued by the A/E
prior once the contract
bids on the project
whereas once the contract
bids signed with
construction underway,
revisions to the design
plans and specifications
are now termed_____
,The construction process fast-track
where by once foundation
design is completed, then
when the next design
phase is completed and
construction then starts
on the phase is termed
_____ construction
What business form Corporation
provides the greatest
liability protection for an
owner?
What business form is joint venture
typically developed only
for one project with the
possible benefit of
pooling bonding
capacity?
Some America's largest joint venture
construction projects
including hoover dam in
southern Nevada, built by
the six companies, have
been constructed by this
business ownership form
where the assets and
other resources of two or
more construction firms
are combined for a
specific project
, A statutory entity that LLC
combines the limited
personal liability feature of
a corporation and the
partnership feature of
taxation at the owner level
is termed a
Concerning business 75
ownership for
construction, contracting
firms in the U.S.,
approximately ____% are
individual proprietorships
A business ownership corporation
form that has the principal
advantages of limited
liability of its owners
perpetual life of the
company, relative ease of
raising capital, the easy
and workable provision
for multiple ownership,
and the economic benefit
that owners pay taxes only
on profits (dividends)
actually received is the ____
in the partnership method limited partner
of business ownership, a
partner that is liable for
partnership debts only up
to the amount of their
investments in the
partnership would be
termed a _____
