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CMIT Exam (200 multiple choice)
CMIT Exam (200 multiple choice)
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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?
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