Exam (elaborations)
CMIT Exam (200 multiple choice)
- Course
- Institution
CMIT Exam (200 multiple choice)
[Show more]
Seller
Follow
lydiaomutho
Content preview
CMIT Exam (200 multiple choice)21.
In a CM-at-Risk arrangement once construction begins and the CM converts from the
professional advisory role of a CM to the contractual role of a general contractor, the
CM has no implied duties of loyalty and care to the owner.
True False - ANS-True
A 5D BIM model incorporates which project attribute?
A) Schedule
B) Quality
C) Phasing
D) Cost - ANS-D) Cost
A CM must be aware of its contractual obligations regarding safety on the project site.
True False - ANS-True
A CM must purchase insurance coverage for protection against claims by its own
employees.
True False - ANS-True
A CM response/proposal to an owner's request for proposal can be considered an offer
to enter into a contract.
True False - ANS-True
A CM should seek the advice of legal counsel when preparing or modifying contracts.
True False - ANS-True
A CM under an agency relationship, with the owner managing multi-prime contractors,
must consider its own risk first in managing those contractors.
True False - ANS-True
A CM, acting as an agent of the owner, will bond a multi-prime job.
True False - ANS-False
A CM's liability is determined solely by whether or not the CM performed according to
the required standard of care.
True False - ANS-False
,A CM's role and responsibilities are governed solely by the Owner/CM Agreement.
True False - ANS-True
A contract is an arrangement for the distribution of construction project risk between the
parties.
True False - ANS-True
A cost plus fixed fee contract is what type of contract?
A) Cost reimbursement
B) Lump sum
C) Time & material
D) Unit price - ANS-A) Cost reimbursement
A Dispute Review Board does not meet until there is a dispute.
True False - ANS-False
A general contractor working under a fixed price contract will always put its interests
ahead of the owner.
True False - ANS-True
A guaranteed maximum price can never change.
True False - ANS-False
A key advantage of the traditional delivery approach is:
A) With the traditional delivery system, the cost of the construction phase is known
before construction starts.
B) Facility features are fully determined & specified.
C) When the construction contract is signed, the major risk belongs to the contractor.
D) All of the above - ANS-B) Facility features are fully determined & specified.
A key element leading to successful project management is decision making based on
adequate information.
True False - ANS-True
A legal relationship by which one party is empowered and obligated to act on behalf of
another party is called:
A) An agreement
B) Agency
C) Addenda
D) A contract - ANS-B) Agency
, A limitation provision seeks to limit a party's liability to the party's client.
True False - ANS-True
A mediator cannot impose an agreement upon the parties.
True False - ANS-True
A method of compensation that creates a potential for conflict of interest between the
owner's interests and the CM's interests is indicative of an agency CM relationship.
True False - ANS-False
A mini-trial, whether required by contract or agreed to voluntarily, results in a binding
decision.
True False - ANS-False
A project delivery approach that is gaining acceptance for allocating risks among project
teams is referred to as the ________ method.
A) D-B
B) IPD
C) FAR
D) D-B-B - ANS-B) IPD
A project management system that utilizes a periodic consistent measurement of work
performed in terms of budget is known as a ____________ system?
A) CPM
B) ISO
C) Earned value
D) Value engineering - ANS-C) Earned value
A project schedule must always be in a CPM format.
True False - ANS-False
A Public-Private Partnership (P3) project is usually considered by a public entity for
which of the following primary reasons:
A) Better design
B) Incorporate environmental requirements
C) Lack of funding
D) Meet sustainability goals - ANS-C) Lack of funding
A QBS selection process will generally be based on what primary criteria?
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller lydiaomutho. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $7.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
74735 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now