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Certified Construction Manager Certification Exam Questions with correct Answers 2025/2026 ( A+ GRADED 100% VERIFIED).

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Escrito en
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Certified Construction Manager Certification Exam Questions with correct Answers 2025/2026 ( A+ GRADED 100% VERIFIED).

Institución
Certified Construction Manager Certification
Grado
Certified Construction Manager Certification

Vista previa del contenido

Certified Construction Manager
Certification Exam Questions with
correct Answers 2025/2026 ( A+
GRADED 100% VERIFIED).
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 - The correct Answer is: (b)

Based on the guide quantity of 120 CY on a bid document for rock excavation, a
contractor bid a unit price of $50/CY. If the owner's representative determined that
the contractor excavated 70 CY of rock during the construction, how much will the
contractor get paid?
(a) $2000
(b). $1700
(c). $3500
(d). $6000 - The correct Answer is: (c)

Choose the correct attributes of a partnership
(a) Risk is divided between the partners equally
(b) Profits and control is divided among general partners based on degree of
ownership
(c) There is no limit on liability for partners
(d) Limited partners can increase assets of the company although they have no
voice in management
(e) Signature of all partners is necessary for a binding contract
(f) Death of a partner ends the partnership unless there are clauses in the charter
that makes arrangements for this situation - The correct Answer is: (b), (c), (d), (f)

Clauses of General Conditions documents published by organizations like AIA and
EJCDC can be modified by the owner for a specific project using -----------. - The
correct Answer is: Special conditions documents

, Conceptual cost estimates can be established using historical cost data without
significant information on the final design of a project.
T or F - The correct Answer is: T

Depreciation of an equipment decreases the tax of a corporation as much as a tax
credit equal to the depreciation.
T or F - The correct Answer is: F

Design error or omissions cannot be used as a basis for change orders even if
corrections increase the cost of construction.
T or F - The correct Answer is: F

General conditions clauses that deal with compensation of the owner for damages
due to late completion of the project are called ----------- clauses. - The correct
Answer is: Liquidated Damages

General conditions contain generic information on subjects like bonds and insurance,
contractor's responsibilities, changes in the work, and others.
T or F - The correct Answer is: True

Generic articles of the selected general conditions document can be changed using
the [A] conditions document. - The correct Answer is: supplementary/special

If a company posts a Net Operating Loss (NOL) in a given year, they are allowed to
get back some or all of the taxes they paid in the last three years which is called
carrying the loss back.
T or F - The correct Answer is: T

If a subcontractor or vendor doesn't get paid during the project, he/she may file a [A]
against the property. - The correct Answer is: lien

If the contractor gets bankrupt during the construction, the owner may use the [A]
bond to complete the work. - The correct Answer is: performance

If the contractor goes bankrupt during the construction, the owner may use the funds
from a ------------ bond to complete the work. - The correct Answer is: Performance

If the guide quantities on the proposal are suspected to be lower than actual
quantities, the contractor may submit higher unit prices to increase his profit.
T or F - The correct Answer is: F

If the owner agrees to make a mobilization payment at the beginning of the project,
the contractor will
(a) decrease the bid price because he/she won't pay for mobilization

Escuela, estudio y materia

Institución
Certified Construction Manager Certification
Grado
Certified Construction Manager Certification

Información del documento

Subido en
31 de agosto de 2025
Número de páginas
11
Escrito en
2025/2026
Tipo
Examen
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