Capstone Review Questions Chapter 2 with
Answers.
The possible approaches for delivering a project are virtually unlimited. A key reason for
such variations 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. - Correct Answer 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. - Correct Answer b. A linear sequence
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. Construction documents are 100% complete.
c. When the construction contract is signed, the major risk belongs to the contractor.
d. All of the above. - Correct Answer d. All of the above.
Design-build and at-risk construction manage.ment delivery systems allow the option to
fasttrack or phase a project.
a. True
b. False - Correct Answer a. True
Most definitions of construction management are similar. However, a contractual
definition is not known until:
, a. The legal form of the CM contract is chosen.
b. The specific scope of services to be provided is identified.
c. The relationship of the CM to others and the risks and authority assumed by the
parties are clearly defined.
d. All of the above. - Correct Answer d. All of the above.
The at-risk CM has no obligation to place duty to the Owner above its own interests.
a. True
b. False - Correct Answer a. True
The agency CM does not normally have any independent power to sanction contractors
or force contractors to abide by their contractual obligations.
a. True
b. False - Correct Answer a. True
When a GMP is rendered by a CM and agreed to by the Owner, there are no longer any
implied duties of loyalty and care to the Owner.
a. True
b. False - Correct Answer a. True
Under a CM-at-risk contract, which of the following statements are true?
a. The CM, in most cases, holds the trade and/or specialty contracts.
b. The CM has the right to enforce the schedule, pay the trade or subcontractors, and
terminate them if such action becomes necessary.
c. On some CM-at-risk contracts, the CM has the option of performing portions of the
work with its own resources (unless prohibited by law on certain public projects).
d. All of the above. - Correct Answer d. All of the above.
In considering the differences between Agency CM and CM-at-risk, which one of the
following statements is NOT true?
a. With the CM-at-risk, the CM is responsible for means, methods, and sequencing of
work.
b. In an Agency CM role, the CM does none of the physical work.
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 Lectjoe. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $17.99. You're not tied to anything after your purchase.
