& Verified Answers | Comprehensive Civil
Engineering Final Exam Review |
2026–2027
Stuvia 2026-2027
,What payment method is the most risky for a contractor? Lump Sum
- Cost+ Incentive
- Lump Sum
- Guaranteed Max Price
- Unit Price
- Cost+ Fee
A study conducted by the Construction Industry Institute Design - Build
found which form of project delivery to have the lowest
design and construction cost growth? (on average, which
form had the lowest amount of cost overages)
What is a disadvantage of competitive bidding? Creates incentive for bidders to underbid work to get job, then try to make up costs
- Creates incentive for bidders to underbid work to get job, later through claims, etc.
then try to make up costs later through claims, etc.
- Competitive pressure forces bidders to offer their lowest
price
- Results in work starting later, therefore is more costly
- General contractors share information on the project and
their bids
What is not an advantage of Cost Plus Fee payment? The owner knows the actual cost of the project before it begins.
- Can be initiated with minimal design information.
- Opportunity for value engineering and scope extensions.
- Lower risk for contractor can result in lower price.
- The owner knows the actual cost of the project before it
begins.
What is an advantage of design bid build ? Only two prime contracts administered by owner.
- Relatively low opportunity for construction input during
design.
- Least flexible for fast-track.
- Sequential process can be slower.
- Only two prime contracts administered by owner.
The term fast track... Means that construction is begun before the design is complete
- Is synonymous with design/manage
- Means that construction is begun before the design is
complete
- Is synonymous with turnkey
- Indicates that two or more companies have combined
forces for the duration of the project.
- None of the above
Which of the following best describes our discussions in Taking a lifecycle approach to long term maintenance costs
class of how Public Private Partnerships delivery approach
generates value for money:
- Public sector retaining maximum amount of risk
- Taking a lifecycle approach to long term maintenance
costs
- Sole-sourcing contracts with the private sector partners
- Separating the integration of design and construction
phase
Which is NOT the advantage of professional construction Participants must all be cooperative and communicate well.
management?
- Participants must all be cooperative and communicate
well.
- Early construction involvement, good value engineering
potential.
- CM acts on owner's behalf, independent of design and
construction.
- Suitable for phased, fast-track projects, while still
benefiting from competitive bid, lump-sum construction
contracts.
, Why might a contractor take on risk for a given project? Because they may be able to increase their profit if the risk doesn't occur
- Because they enjoy extra stress
- Because they may be able to increase their profit if the
risk doesn't occur
- Because they can eliminate the risk
In which of the following cases should you treat the risk as When probability that the risk event will occur is higher than 50%.
part of your primary plan?
- When the likelihood and consequence risk matrix
represent a high result.
- When probability that the risk event will occur is higher
than 50%.
- When expected impact calculated by formula Probability
x (O+4M+P)/6 is greater than 1M.
Calculate a combined risk value for cost and schedule: the Expected Risk value cost: 0.9M; Expected Risk value schedule: .8mo.
following risks were identified in building a bridge. Risk 1:
Unaccounted utility ( there is a major gas line on the bridge
that needs to be removed) Cost Probability : 20% | Cost
Impact: 2M; Schedule Probability :10% | Schedule Impact :
3mo. Risk 2: The owner of the property for which one of
the bridge piers is supposed to be located decides not to
sell. Cost Probability :10% | Cost Impact: 5M; Schedule
Probability : 50% | Schedule Impact: 1 mo.
- Expected Risk value cost: 0.8 M; Expected Risk value
schedule: .9mo.
- Expected Risk value cost: 0.9M; Expected Risk value
schedule: .8mo.
- Expected Risk value cost: 1.9M; Expected Risk value
schedule: 1.8yr.
- Expected Risk Value : 7.2M/ mo.
A culture of safety should be led by who? Senior Executives/Managers
- Senior Executives/Managers
- Project Manager
- Workforce
- Project Coordinator
What are the 3 levels of safety? A culture of safety, a safety system, safety mechanics
- Project success, regulatory obligations, financial
implications
- Safety pyramid, safety hazards, safety mechanics
- A culture of safety, a safety system, safety mechanics
- A culture of safety, safety hazards, safety statics
- Safety training, safety hazards, safety mechanics
Which of the following is NOT a method to reduce risk? Include more items in the risk management plan
- Change plans to avoid or reduce specific risks
- Transfer risks to other parties
- Sell a portion of your risk
- Include more items in the risk management plan
Which of the following is NOT a driver for safety? Reduce total project times
- Professional/Regulatory Obligations
- Reduce total project times
- Financial Implications
- Project Success
- Personal/Ethical
According to the PMBOK, which of the following would be Project safety plan
considered to be an OUTPUT to the safety planning
process (select ALL that apply)?:
- Laws and regulations
- Subcontractor selection
- Management commitment
- Project safety plan
- Hazard analysis