CMGT 3500 Final Exam Questions +
Verified Answers 100% correct, Update
2026
The construction Industry, per the text, accounts for 25% of
the Gross Domestic Product (DGP) - Correct Answers
✅False; 5%
A self performance method of contracting requires the owner
to hire a contractor who self performs all the work - Correct
Answers ✅False
A bilateral contract agreement is created by mutual promises
by contracting parties - Correct Answers ✅True
If a meeting of the minds is achieved, the parties DO NOT
enter into a contract - Correct Answers ✅False
A Dispute takes place because conflict of legal views or
interests - Correct Answers ✅True
Give examples of publicly financed building construction
projects - Correct Answers ✅Schools, courthouses, city
offices, libraries, airports
Give examples of publicly financed non-building construction
projects - Correct Answers ✅Bridges, roads, dams, tunnels,
pipelines, and parks
, CMGT 3500 Final Exam Questions +
Verified Answers 100% correct, Update
2026
What is an express contract - Correct Answers ✅where the
information and details of the contract are well written or
verbal and clear
What is an implied contract - Correct Answers ✅where the
information and details of the contract are not clear and nor
written and are established through inference and deduction
Purpose of supplementary provisions - Correct Answers
✅to amend and augment the general conditions which tend
to be more specific
Design specifications - Correct Answers ✅require a
particular type of item or system and a particular dimension
Performance specifications - Correct Answers ✅provide the
results of the finished product
Purpose of Submittals - Correct Answers ✅They are shop
drawings, material data, samples, and product data.
They are required for the architect and engineer so they can
verify the correct products and quantities will be installed
Elements of a contract - Correct Answers ✅Offer and
Acceptance
Verified Answers 100% correct, Update
2026
The construction Industry, per the text, accounts for 25% of
the Gross Domestic Product (DGP) - Correct Answers
✅False; 5%
A self performance method of contracting requires the owner
to hire a contractor who self performs all the work - Correct
Answers ✅False
A bilateral contract agreement is created by mutual promises
by contracting parties - Correct Answers ✅True
If a meeting of the minds is achieved, the parties DO NOT
enter into a contract - Correct Answers ✅False
A Dispute takes place because conflict of legal views or
interests - Correct Answers ✅True
Give examples of publicly financed building construction
projects - Correct Answers ✅Schools, courthouses, city
offices, libraries, airports
Give examples of publicly financed non-building construction
projects - Correct Answers ✅Bridges, roads, dams, tunnels,
pipelines, and parks
, CMGT 3500 Final Exam Questions +
Verified Answers 100% correct, Update
2026
What is an express contract - Correct Answers ✅where the
information and details of the contract are well written or
verbal and clear
What is an implied contract - Correct Answers ✅where the
information and details of the contract are not clear and nor
written and are established through inference and deduction
Purpose of supplementary provisions - Correct Answers
✅to amend and augment the general conditions which tend
to be more specific
Design specifications - Correct Answers ✅require a
particular type of item or system and a particular dimension
Performance specifications - Correct Answers ✅provide the
results of the finished product
Purpose of Submittals - Correct Answers ✅They are shop
drawings, material data, samples, and product data.
They are required for the architect and engineer so they can
verify the correct products and quantities will be installed
Elements of a contract - Correct Answers ✅Offer and
Acceptance
