CMIT 382 FINAL EXAM LATEST 2024/2025 REAL EXAM 2 LATEST VERSIONS QUESTIONS AND CORRECT ANSWERS| GET 100% CORRECT SOLUTIONS /ALREADY GRADED A+

CMIT 382 FINAL EXAM LATEST 2024/2025 REAL EXAM 2 LATEST VERSIONS QUESTIONS AND CORRECT ANSWERS| GET 100% CORRECT SOLUTIONS /ALREADY GRADED A+ A CM's role and responsibilities are governed solely by the Owner/CM Agreement. True False - AnswerTrue There are two basic forms of CM, agency and at-risk. Each form provides for the basic services of construction management practice. However, there are some key differences. Which of the following do not apply to both CM forms? A) Both forms provide advice to the owner on constructibility, budget and the schedule. B) Both require that the liabilities and risks assumed by the parties be clearly understood, coordinated, and stated in the respective contracts. C) Both forms allow the CM to function in an advisory role for the entire engagement of the CM. D) Services can vary based on the contractual relationships of the parties and the risks that are assumed. - AnswerC) Both forms allow the CM to function in an advisory role for the entire engagement of the CM. Construction management had its beginnings in the early to mid-1960's. Which of the following factors contributed to the initial use of this delivery system? A) The need to reduce the overall time and cost associated with project delivery. B) The increasing cost of money and the unpredictability of project funding streams. C) The changing role of the general contractor and the increasing numbers of specialty trade contractors. D) All of the above. - AnswerD) All of the above. The General Services Administration was the first federal agency to use construction management. - AnswerTrue The General Services Administration, the Department of Health, Education and Welfare (now HHS), and the Veterans Administration ran into similar difficulties in the use of construction management. Which of the following was/were common problems for all three agencies? A) Funding restrictions B) Claims C) Change conditions D) All of the above - AnswerD) All of the above CMAA was formed and incorporated 1982 with its primary focus being the growth and development of the construction management profession. - AnswerTrue The CMAA Construction Management Standards of Practice is intended as a guide to the range of services that constitute professional construction management. They seek to meet the documented need for definitions of what construction management services are, without unduly structuring the methodologies by which those services are provided by the CM. - AnswerTrue The goals of the Construction Management Association of America (CMAA) include: A) Setting standards and developing contract documents for construction management practice. B) Expanding the understanding of the construction management concept and its use in the marketplace. C) Advocacy for construction management in the legislative, regulatory, and judicial arenas of federal, state, and local governments. D) All of the above. - AnswerD) All of the above