PRACTICE QUESTIONS Exam
Comprehensive Questions |
FREQUENTLY MOST TESTED
QUESTIONS AND VERIFIED
SOLUTIONS
Entry-level CM's are seldom, if ever, used to keep up with RFI's. - 🧠
ANSWER ✔✔False
Managing the many changes on a project is one of the contract
administration functions. - 🧠 ANSWER ✔✔True
,Submittals are totally different that RFI's. - 🧠 ANSWER ✔✔False
The schedule of values represents the owner's budget. - 🧠 ANSWER
✔✔True
One of the least important contract administration functions is the
contractor getting paid on time. - 🧠 ANSWER ✔✔False
A claim can only be made after the project is complete. - 🧠 ANSWER
✔✔False
The first task in contract administration is to create a contact list for every
single person associated with the project. - 🧠 ANSWER ✔✔True
A project may go forward without paperwork. - 🧠 ANSWER ✔✔False
Major subcontractors and vendors do not need to attend pre-construction
meeting. - 🧠 ANSWER ✔✔False
Once a progress payment is received by the prime contractor it is obligated
to promptly pay its subcontractors and vendors. - 🧠 ANSWER ✔✔True
One of the many reasons for a pre-construction meeting is to clarify the
lines of authority and communication. - 🧠 ANSWER ✔✔True
, Arbitration can be more expensive than litigation - 🧠 ANSWER ✔✔True
Surplus materials belong to the owner - 🧠 ANSWER ✔✔True
A project is considered totally complete even if paperwork has not been
delivered to the owner. - 🧠 ANSWER ✔✔False
The need for a clear and accurate paper trail in construction is paramount. -
🧠 ANSWER ✔✔True
Liquidated damages is an agreed upon amount per day for the project
finishing late. - 🧠 ANSWER ✔✔True
Partnering is a concept involving only the owner and prime contractor. - 🧠
ANSWER ✔✔False
Contract administration is all about managing the business details and
relationships. - 🧠 ANSWER ✔✔True
The pre-construction meeting should include discussion about schedule
issues. - 🧠 ANSWER ✔✔True
The two key process tools used to track all inquires, decisions, and
approvals that occur during construction are the requests for information
(RFI's) and submittals. - 🧠 ANSWER ✔✔True
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