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CM 4211 Exam | Questions Solved 100% Correct | Verified Solutions
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CM 4211 Exam | Questions Solved 100% Correct | Verified Solutions
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CM 4211 Exam | Questions Solved 100% Correct |Verified Solutions
Builder's risk insurance covers the owner for damages to his personal property - ✔✔All of
the following statements are true, except one. Which one?
D. B and C - ✔✔Which one of the following does a typical builder risk policy cover?
A. Equipment stored in a temp. structure
B. Materials stored in a temporary structure
C. The temporary structure itself
D. B and C
E. A, B, and C
Subcontract clause - ✔✔Which one of the following is not one of the six red flag insurance
provisions?
Lump-sum estimates are applicable when the bidding documents are not well defined -
✔✔All of the following statements are true, except one. Which one?
E. All of the above are true - ✔✔All of the following statements are true, except one. Which
one?
A. A lump sum cost summary is done for each major work classification
B. A unit-price cost summary is done for each bid item
C. Wage rates must be considered in calculating direct labor costs
D. Production rates must be considered in calculating direct labor costs
E. All of the above are true
,Taxes - ✔✔All of the following are ownership expenses involving equipment except for one.
Which one?
office rent - ✔✔all of the following are typical items included in project overhead, except
one. Which one?
A modification to the bidding documents formally issued by the owner to all entities after
opening the bids - ✔✔What is an addendum?
Each of the above is one of the five requirements - ✔✔All of the following are broad
requirements of the federal construction contract procurement policy, except one. Which one?
A complete, signed set of forms in accordance with the bid instructions, in full conformance
with the bid document requirements, without additions or alterations - ✔✔What does it
mean for a bid to be considered responsive?
For the bidder to have sufficient technical and managerial skills and history, and the financial
capability and integrity to perform the work - ✔✔What does it mean for a bidder to be
considered responsible?
Failure to sign the bid - ✔✔Which one of the following bid irregularities will always be
considered a major irregularity?
Low bidder is deemed to be responsible - ✔✔All of the following are reasons a public entity
can use to reject all bids, except one? Which one?
E. Both B and C - ✔✔Regarding mistakes in bids, what is the firm bid rule?
A. When a contractor submits a bid, it must be signed by the President of the firm
B. The project will be constructed for the bid price without exception
, C. The bid amount is fixed and not subject to negotiation
D. Provided that the compaction of the project soil is firm, there will be no changes to the bid
price
E. Both B and C
A party should not be unjustly enriched, and there was no meeting of the minds - ✔✔Under
the doctrine of mistake, a contractor who has a mistake in his bid must be relieved of the duty
to perform and/or allowed to correct the mistake and still be awarded the contract. What are
the two reasons for this doctrine?
It must be capable of subjective determination - ✔✔All of the following are tests that must
be present in order for a contractor to withdraw the bid, except one. Which one?
Reliance was unreasonable - ✔✔All of the following are necessary elements to recover
damages under the doctrine of promissory estoppel, except one. Which one?
Defective plans followed by the contractor - ✔✔A contractor is liable for destruction of a
project until it is accepted, with one exception. Which one of the following is the exception?
When the project can be used by the owner for its intended purpose - ✔✔When is
substantial performance achieved?
Damages are owed from the moment of the passive breach - ✔✔All of the following
statements regarding Louisiana law are true, except one. Which one?
When a party threatens to do something that would be a breach of contract if carried out -
✔✔What is an anticipatory breach of contract?
The accuracy and sufficiency of the plans and specifications are implicitly warranted by the
owner - ✔✔What is the spearin doctrine?
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