CFM 415 Study guides, Class notes & Summaries

CFM 415 QUESTIONS AND ANSWERS (2023/2024) (VERIFIED ANSWERS)

CFM 415 FINAL QUESTIONS AND ANSWERS (2023/2024) (VERIFIED ANSWERS)

Primary GoalAns>>Make Money What's the most important thing to the owner?Ans>>It depends What is the most important meeting?Ans>>The preconstruction meeting What does a contractor provide?Ans>>Labor Materials Equipment Subcontractors Others What does a project manager do with risk?Ans>>Identify Assess Manage Who pays for inspections?Ans>>The owner Manage _______________ and lead ________________Ans>>Things, people What are general conditions likened to?...

Primary GoalAns>>Make Money What's the most important thing to the owner?Ans>>It depends What is the most important meeting?Ans>>The preconstruction meeting What does a contractor provide?Ans>>Labor Materials Equipment Subcontractors Others What does a project manager do with risk?Ans>>Identify Assess Manage Who pays for inspections?Ans>>The owner Manage _______________ and lead ________________Ans>>Things, people What are gen...

CFM 415 Questions and Answers Graded A+ Primary Goal Make Money What's the most important thing to the owner? It depends What is the most important meeting? The preconstruction meeting What does a contractor provide? Labor Materials Equipment Subcontractors Others What does a project manager do with risk? Identify Assess Manage Who pays for inspections? The owner Manage _______________ and lead ________________ Things, people What are general conditions likened to? Rule book What are su...

CFM 415 FINAL EXAM QUESTIONS AND ANSWERS 100% VERIFIED Cost Plus Contract Contractor is paid for all of the allowed expenses to a set limit, plus any additional payment to allow for a profit. (BEST type of contract in the contractor's point of view). All Risk is on the owner Guaranteed Max Price Contract Contractor is compensated for the actual costs incurred on the project, plus a fixed fee that is subject to a ceiling price. Owner and contractor share risk, it is important to include a chang...