A CM's role and responsibilities are governed solely by the Owner/CM Agreement.
True False - True
There are two basic forms of CM, agency and at-risk. Each form provides for the basic services
of construction management practice. However, there are some key differences. Which of the
following d...
CMIT Exam Study Questions & Answers A CM's role and responsibilities are governed solely by the Owner/CM Agreement. True False - ✔✔True There are two basic forms of CM, agency and at -risk. Each form provides for the ba sic services of construction management practice. However, there are some key differences. Which of the following do not apply to both CM forms? A) Both forms provide advice to the owner on constructibility, budget and the schedule. B) Both require that th e liabilities and risks assumed by the parties be clearly understood, coordinated, and stated in the respective contracts. C) Both forms allow the CM to function in an advisory role for the entire engagement of the CM. D) Services can vary based on the con tractual relationships of the parties and the risks that are assumed. - ✔✔C) Both forms allow the CM to function in an advisory role for the entire engagement of the CM. Construction management had its beginnings in the early to mid -1960's. Which of the f ollowing factors contributed to the initial use of this delivery system? A) The need to reduce the overall time and cost associated with project delivery. B) The increasing cost of money and the unpredictability of project funding streams. C) The changing role of the general contractor and the increasing numbers of specialty trade contractors. D) All of the above. - ✔✔D) All of the above. The General Services Administration was the first federal agency to use construction management. - ✔✔True The General Services Administration, the Department of Health, Education and Welfare (now HHS), and the Veterans Administration ran into similar difficulties in the use of construction management. Which of the following was/were common problems for all three agencies? A) Funding restrictions B) Claims C) Change conditions D) All of the above - ✔✔D) All of the above CMAA was formed and incorporated 1982 with its primary focus being the growth and development of the construction management profession. - ✔✔True The CMAA Construction Management Standards of Practice is intended as a guide to the range of services that constitute professional construction management. They seek to meet the documented need for definitions of what construction management servi ces are, without unduly structuring the methodologies by which those services are provided by the CM. - ✔✔True The goals of the Construction Management Association of America (CMAA) include: A) Setting standards and developing contract documents for const ruction management practice. B) Expanding the understanding of the construction management concept and its use in the marketplace. C) Advocacy for construction management in the legislative, regulatory, and judicial arenas of federal, state, and local gove rnments. D) All of the above. - ✔✔D) All of the above The fact that an individual is certified or licensed in any other profession does not, per se, establish him/her as a qualified CM. True False - ✔✔True Certification as a CM means the construction man agement practitioner has "state of the art" knowledge and capability to practice construction management. True False - ✔✔False Recruiting and training are business matters and normally do not involve ethical concerns. True False - ✔✔False Construction management is a concept that is susceptible to overselling. True False - ✔✔True Failure to provide quality services is a business and not an ethical question. True False - ✔✔False Contracting for adequate fees is both a business and an ethic al issue. True False - ✔✔True The ethics of the CM profession focus primarily on a CM's relationships in dealing with its clients. True False - ✔✔True The possible approaches for delivering a project are virtually unlimited. A key reason for such variati ons is: A) The different roles that can be assumed by project participants. B) Different forms of contracts and methods of compensation that can be used. C) The different levels of care, responsibility, and risks assumed by the parties involved. D) All of the above. - ✔✔D) All of the above The traditional delivery system is characterized by executing the major phases of a project in: A) An overlapping concept B) A linear sequence C) A fast track method D) All of the above - ✔✔B) A linear sequence A key ad vantage of the traditional delivery approach is: A) With the traditional delivery system, the cost of the construction phase is known before construction starts.
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