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CP470 MC Exam with complete solutions 2024_2025
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CP470 MC Exam with complete solutions 2024_2025
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CP470 MC Exam with complete solutions2024/2025
What are the primary ingredients of a contract? - ANSWER-Mutual agreement,
Capacity, Consideration, Lawfulness
From an owners perspective a cost plus fee contract is the riskiest of all types of
contracts. - ANSWER-True
One way to reduce owners risk is to have a cap on the contract of a project. This
is an example of which type of contract? - ANSWER-Cost Plus with a GMP
According to Dykstra what issues impact the choice of contract? - ANSWER-The
project delivery method, Risk allocation, The quality of design information
The key to mutual agreement is that all parties agree to exactly what is written in
the contract documents. - ANSWER-True
The following is an example of which type of contract? A contractor bids a fixed
unit price and the completion of work is paid based on actual quantities. -
ANSWER-Unit Price
Contract documents include many components except which of the following? -
ANSWER-Change Orders
Specifications complement drawings by answering several key information
requirements. Select all of the following applicable areas that specifications
, address. - ANSWER-Submittals, Quality of material and products and quality
assurance, Special installation requirements
General conditions are standards that can be used on multiple projects and are
provided with the agreement. General conditions outline and specify how many
Key provisions including which of the following? - ANSWER-Outline broad rights
and responsibilities of the parties, Outline terms for making changes to the work,
Provide guidance for dealing with disputes or delays, Specify the procedures for
contractor payment
The agreement is one of the documents that make up a contract and is
sometimes referred to as the contract because it includes by reference all the
other documents. - ANSWER-Address of the project and brief description of the
work, List of documents referenced by the agreement, Time for completion and
contractor exclusions
GC's develop a rough schedule called a "big schedule" And as a part of preparing
their bid. They refine this as a "master construction schedule" with more detail
after they are awarded the job. - ANSWER-True
There are many good reasons why scheduling is an important part of project
management, as it assists contractors in providing value in several ways except
which of the following? - ANSWER-Drive subcontractor quality performance
Select all of the following types of schedules that are common in construction
project management. - ANSWER-Bar charts, Network diagrams, Network bar
charts
Select all of the following steps required to develop a master schedule. -
ANSWER-Identify work activities, Sequence the work activities, Estimate activity
durations
The method by which activities are organized is called the Contractor Work
Structure (CWS). - ANSWER-False, it's called a Work Breakdown Structure
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