CEFP PLANNING, DESIGN AND
CONSTRUCTION QUESTIONS WITH
CORRECT ANSWERS | LATEST
2025/2026 UPDATE | RATED A+
Building Information Modeling (BIM) - CORRECT ANSWER -"Enables project participants to
access various digital
models throughout the design process without having
to wait for paper drawings to be produced and
delivered."
[Special Topics, Building Information Modeling]
Lump Sum Fee - CORRECT ANSWER -"Is a fixed-price agreement, broken down into phases:
preliminary, design development, construction
documents, and construction administration. This is
generally calculated from an estimate by the designer
for the amount of work (hours) necessary by task."
[Special Topics, In-House Design/Construction Services]
Fixed Percentage of Cost Fee - CORRECT ANSWER -"Used on larger projects of known scope and
budget. It
is also often used as a comparator between different
consultants."
[Special Topics, In-House Design/Construction Services]
Time and Materials Fee - CORRECT ANSWER -"Used for projects of unknown scope. The fees are
,directly charged based on the hourly rates and the
number of hours required to perform a task."
[Special Topics, In-House Design/Construction Services]
, Letter of Intent (LOI) - CORRECT ANSWER -"Defines the general terms and conditions of a
transaction and provides the basis for the drafting of a
subsequent agreement."
[Special Topics, Real Estate]
Ground Lease - CORRECT ANSWER -"A lease of extended duration that is frequently
structured to allow the construction of improvements
by the lessee on an institution's land."
[Special Topics, Real Estate]
Easement - CORRECT ANSWER -"Also known as deeded rights-of-way, involving the
long-term or permanent conveyance between parties of
certain rights, privileges, and interests in property."
[Special Topics, Real Estate]
Repair - CORRECT ANSWER -"Reconstruction or renewal of any part of an existing
building for the purpose of maintaining it."
[Special Topics, Renovations]
Alteration - CORRECT ANSWER -"Construction or renovation to an existing structure
rather than repair or addition."
[Special Topics, Renovations]
Restoration - CORRECT ANSWER -"The process of accurately reconstructing or repairing
the forms and details of a building or structure or
CONSTRUCTION QUESTIONS WITH
CORRECT ANSWERS | LATEST
2025/2026 UPDATE | RATED A+
Building Information Modeling (BIM) - CORRECT ANSWER -"Enables project participants to
access various digital
models throughout the design process without having
to wait for paper drawings to be produced and
delivered."
[Special Topics, Building Information Modeling]
Lump Sum Fee - CORRECT ANSWER -"Is a fixed-price agreement, broken down into phases:
preliminary, design development, construction
documents, and construction administration. This is
generally calculated from an estimate by the designer
for the amount of work (hours) necessary by task."
[Special Topics, In-House Design/Construction Services]
Fixed Percentage of Cost Fee - CORRECT ANSWER -"Used on larger projects of known scope and
budget. It
is also often used as a comparator between different
consultants."
[Special Topics, In-House Design/Construction Services]
Time and Materials Fee - CORRECT ANSWER -"Used for projects of unknown scope. The fees are
,directly charged based on the hourly rates and the
number of hours required to perform a task."
[Special Topics, In-House Design/Construction Services]
, Letter of Intent (LOI) - CORRECT ANSWER -"Defines the general terms and conditions of a
transaction and provides the basis for the drafting of a
subsequent agreement."
[Special Topics, Real Estate]
Ground Lease - CORRECT ANSWER -"A lease of extended duration that is frequently
structured to allow the construction of improvements
by the lessee on an institution's land."
[Special Topics, Real Estate]
Easement - CORRECT ANSWER -"Also known as deeded rights-of-way, involving the
long-term or permanent conveyance between parties of
certain rights, privileges, and interests in property."
[Special Topics, Real Estate]
Repair - CORRECT ANSWER -"Reconstruction or renewal of any part of an existing
building for the purpose of maintaining it."
[Special Topics, Renovations]
Alteration - CORRECT ANSWER -"Construction or renovation to an existing structure
rather than repair or addition."
[Special Topics, Renovations]
Restoration - CORRECT ANSWER -"The process of accurately reconstructing or repairing
the forms and details of a building or structure or
