CONSTRUCTION MANAGEMENT PRACTICE TEST WITH
COMPLETE SOLUTIONS 100% 2023/2024
Based on the guide quantity of 100 CY on a bid document for rock excavation, a contractor bid a unit
price of $20/CY. If the owner's representative determined that the contractor excavated 85 CY of rock
during construction, how much will the contractor get paid?
(a). $2000
(b). $1700
(c). $300
(d). $1800
(b)
Which of the following documents are included in the bid package?
I. Proposal Form
II. Special Conditions
III. Technical Specifications
IV. General Conditions
V. Bid Bond
(a). I, II, and III
(b). II, III, and IV
(c). I, II, IV, and V
(d). I, II, III, and IV
(d)
The document requested by the owner as a protection against the risk of the contractor not accepting
the job once awarded the project is
(a). Insurance
(b). Performance Bond
(c). Bid Bond
(d). Payment Bond
(c)
Which of the following would not be considered an excusable delay?
(a). Labor Strikes
(b). Review process delays
(c). A hurricane closing a port delaying delivery of materials
(d). Death of a contractor
(b)
The typically 30-90 days period after the bid opening where the contractor is bound by their bid is
called
(a). Acceptance period
(b). Bid period
(c). Anxiety period
(d). Risk period
(a)
The procedure that allows a contractor to propose changes to the design with the approval of the
designer to save time and/or money is called
(a). Process Engineering
(b). Value Engineering
(c). Design build engineering
, (d). Cost engineering
(b)
Which of the following documents determines the zero day of the project for scheduling purposes?
(a). Proposal Form
(b). Formal contract
(c). Notice to bidders
(d). Notice to proceed
(d)
The amount held back from the payments to give the contractor an incentive to finish the job on time
is called
(a). Retainage
(b). Escrow
(c). Progress Payment
(d). Liquidated damages
(a)
Which of the following types of contracts require the contractor to carry the risk of increased costs
(a). Cost + %fee
(b). Cost + fixed fee
(c). Target price with profit sharing
(d). GMP
(d)
Which of the following is included in a lump sum bid price?
(a). Direct cost of construction
(b). Indirect costs of construction
(c). change orders
(d). Home office overhead
(a), (b), (d)
Which of the following are NOT true for design bid build project delivery system?
I. Lowest responsible price is used
II. Phased construction is possible
III. Contractor carries most of risk
IV. Designers have access to contractor's expertise
(a). I and IV
(b). II and IV
(c). II and III
(d). II, III, and IV
(b).
Why may a mobilization payment by the owner decrease the financing cost of a project?
(a). Typically the owner's cost of borrowing money is lower compared to the contractor
(b). due to increased value of an earlier payment
(c). Because of inflation
(d). Delayed payments won't have to be paid back.
(a)
COMPLETE SOLUTIONS 100% 2023/2024
Based on the guide quantity of 100 CY on a bid document for rock excavation, a contractor bid a unit
price of $20/CY. If the owner's representative determined that the contractor excavated 85 CY of rock
during construction, how much will the contractor get paid?
(a). $2000
(b). $1700
(c). $300
(d). $1800
(b)
Which of the following documents are included in the bid package?
I. Proposal Form
II. Special Conditions
III. Technical Specifications
IV. General Conditions
V. Bid Bond
(a). I, II, and III
(b). II, III, and IV
(c). I, II, IV, and V
(d). I, II, III, and IV
(d)
The document requested by the owner as a protection against the risk of the contractor not accepting
the job once awarded the project is
(a). Insurance
(b). Performance Bond
(c). Bid Bond
(d). Payment Bond
(c)
Which of the following would not be considered an excusable delay?
(a). Labor Strikes
(b). Review process delays
(c). A hurricane closing a port delaying delivery of materials
(d). Death of a contractor
(b)
The typically 30-90 days period after the bid opening where the contractor is bound by their bid is
called
(a). Acceptance period
(b). Bid period
(c). Anxiety period
(d). Risk period
(a)
The procedure that allows a contractor to propose changes to the design with the approval of the
designer to save time and/or money is called
(a). Process Engineering
(b). Value Engineering
(c). Design build engineering
, (d). Cost engineering
(b)
Which of the following documents determines the zero day of the project for scheduling purposes?
(a). Proposal Form
(b). Formal contract
(c). Notice to bidders
(d). Notice to proceed
(d)
The amount held back from the payments to give the contractor an incentive to finish the job on time
is called
(a). Retainage
(b). Escrow
(c). Progress Payment
(d). Liquidated damages
(a)
Which of the following types of contracts require the contractor to carry the risk of increased costs
(a). Cost + %fee
(b). Cost + fixed fee
(c). Target price with profit sharing
(d). GMP
(d)
Which of the following is included in a lump sum bid price?
(a). Direct cost of construction
(b). Indirect costs of construction
(c). change orders
(d). Home office overhead
(a), (b), (d)
Which of the following are NOT true for design bid build project delivery system?
I. Lowest responsible price is used
II. Phased construction is possible
III. Contractor carries most of risk
IV. Designers have access to contractor's expertise
(a). I and IV
(b). II and IV
(c). II and III
(d). II, III, and IV
(b).
Why may a mobilization payment by the owner decrease the financing cost of a project?
(a). Typically the owner's cost of borrowing money is lower compared to the contractor
(b). due to increased value of an earlier payment
(c). Because of inflation
(d). Delayed payments won't have to be paid back.
(a)
