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CE Exam 2024 Questions With Correct Answers

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CE Exam 2024 Questions With Correct Answers When making interpretations, the Architect will not show partiality to ______. - answereither the owner or the contractor (be unbiased.) Name a few items the contractor should submit to the owner, through the architect, during the pre-construction phase of a design-bid-build project? - answerCertificate of req insurance, schedule of values, list of proposed subcontractors... CMc is the same as: - answerCM @ Risk (The CM uses available documentation to create a Guaranteed Maximum Price, or GMP) Define an "Addendum" - answera modification to the contract documents issued for bid/negotiation. Addenda can be issued any time before the owner-contractor agreement is executed, but are typically issued until some predetermined time before the bid opening. Define an "Allowance" - answerAn amount of money, or quantity of materials identified by bidders for work that is not completely defined in the procurement documents, ©SIRJOEL EXAM SOLUTIONS 10/7/2024 11:03AM Define a "Bid Alternate" - answerA portion of the work definted in the procurement documents for which separate pricing is to be identified in bidder's proposals. Alternates can be adds or deducts. Define "Base Bid". - answerthe construction cost proposed by a contractor for the full scope of the work (without any alternates). Define a "Payment Bond". - answerAn amount of money guaranteeing that the contractor will pay subcontractors, vendors, and suppliers for their work. What is another name for a Payment Bond? - answerA "Labor and Materials" Bond. What do Payment Bonds protect Owners from? - answerPayment Bonds protect Owners from potential mechanic's liens and construction delays. What is a Mechanic's Lien? - answerAn encumbrance on a property in order to secure payment for the performance of labor, or the furnishing of materials. What is an Encumbrance? - answerAn encumbrance is a claim against a property by a party that is not the owner. What is a "Performance Bond"? - answerA guarantee by a separate entity which ensures that, should the contractor default during construction, there are sufficient funds to complete the project. ©SIRJOEL EXAM SOLUTIONS 10/7/2024 11:03AM What is a privately funded project? - answerA project in which none of the funding is provided by a public agency. What is the Project Delivery Method? - answerThe manner in which the owner contracts for design and construction services. What is a Publicly Funded Project? - answerA project where a portion of the funding is provided by a public entity, such as federal, state, or local government. What is Qualifications-Based Selection (QBS)? - answerQBS is when the owner selects a contractor solely on the basis of the contractor's qualifications. What makes a bidder "Responsible"? - answerThey demonstrate financial capacity to perform the work. What makes a bid "Responsive"? - answerThe bid satisfactorily completes all bidding requirements, including all elements of the bid form. What is a "Value-Based Selection" (VBS)? - answerVBS is when the owner selects a contractor based on the weighted values of multiple criteria, including construction cost or fee and proposed schedule,a s well as qualifications-based criteria such as past experience on similar projects and proposed personnel. What is the "Spearin Gap"? - answerThe difference between defect-free documents and the professional standard of care. ©S

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©SIRJOEL EXAM SOLUTIONS
10/7/2024 11:03AM



CE Exam 2024 Questions With Correct
Answers


When making interpretations, the Architect will not show partiality to ______. - answer✔either

the owner or the contractor (be unbiased.)

Name a few items the contractor should submit to the owner, through the architect, during the

pre-construction phase of a design-bid-build project? - answer✔Certificate of req insurance,

schedule of values, list of proposed subcontractors...


CMc is the same as: - answer✔CM @ Risk (The CM uses available documentation to create a

Guaranteed Maximum Price, or GMP)


Define an "Addendum" - answer✔a modification to the contract documents issued for

bid/negotiation. Addenda can be issued any time before the owner-contractor agreement is

executed, but are typically issued until some predetermined time before the bid opening.


Define an "Allowance" - answer✔An amount of money, or quantity of materials identified by

bidders for work that is not completely defined in the procurement documents,

, ©SIRJOEL EXAM SOLUTIONS
10/7/2024 11:03AM


Define a "Bid Alternate" - answer✔A portion of the work definted in the procurement documents

for which separate pricing is to be identified in bidder's proposals. Alternates can be adds or

deducts.


Define "Base Bid". - answer✔the construction cost proposed by a contractor for the full scope of

the work (without any alternates).


Define a "Payment Bond". - answer✔An amount of money guaranteeing that the contractor will

pay subcontractors, vendors, and suppliers for their work.


What is another name for a Payment Bond? - answer✔A "Labor and Materials" Bond.


What do Payment Bonds protect Owners from? - answer✔Payment Bonds protect Owners from

potential mechanic's liens and construction delays.


What is a Mechanic's Lien? - answer✔An encumbrance on a property in order to secure payment

for the performance of labor, or the furnishing of materials.


What is an Encumbrance? - answer✔An encumbrance is a claim against a property by a party

that is not the owner.


What is a "Performance Bond"? - answer✔A guarantee by a separate entity which ensures that,

should the contractor default during construction, there are sufficient funds to complete the

project.

, ©SIRJOEL EXAM SOLUTIONS
10/7/2024 11:03AM


What is a privately funded project? - answer✔A project in which none of the funding is provided

by a public agency.


What is the Project Delivery Method? - answer✔The manner in which the owner contracts for

design and construction services.


What is a Publicly Funded Project? - answer✔A project where a portion of the funding is

provided by a public entity, such as federal, state, or local government.


What is Qualifications-Based Selection (QBS)? - answer✔QBS is when the owner selects a

contractor solely on the basis of the contractor's qualifications.


What makes a bidder "Responsible"? - answer✔They demonstrate financial capacity to perform

the work.


What makes a bid "Responsive"? - answer✔The bid satisfactorily completes all bidding

requirements, including all elements of the bid form.


What is a "Value-Based Selection" (VBS)? - answer✔VBS is when the owner selects a

contractor based on the weighted values of multiple criteria, including construction cost or fee

and proposed schedule,a s well as qualifications-based criteria such as past experience on similar

projects and proposed personnel.


What is the "Spearin Gap"? - answer✔The difference between defect-free documents and the

professional standard of care.

, ©SIRJOEL EXAM SOLUTIONS
10/7/2024 11:03AM


The cost of document defects that fall within the professional standard of care are borne by the

________________. - answer✔Owner


Which bidder is selected to do the work in a Design-Bid-Build project delivery? - answer✔The

responsible bidder with the lowest responsive bid.

With the Design-Bid-Build project delivery method, the __________ carries all the Spearin Gap

risk. - answer✔Owner.


True or False: It is often possible for an owner to pre-qualify contractors before the bidding

process. - answer✔True


What is Multiple Prime contractors (MP)? - answer✔A variation of the Design-Bid-Build

method in which more than one prime contractor is selected through competitive bidding. For

MP, separate bid packages are prepared for the different contractors.


What are 3 reasons that an Owner would select Multiple Prime contractors (MP)? - answer✔1.

Some states require publicly funded projects to have multiple prime contractors.

2. If schedule is an important factor for a publicly funded project that must be competitively bid,

MP may accelerate the schedule.

3. Some owners have the capacity to manage the work of multiple contractors.


Which contract is used for Multiple Prime contractors (MP)? - answer✔AIA A101, the same as

in DBB.

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