A CM at-Risk's firm has an obligation to: Correct Answers A.
act in the owner's best interest always
B. place the owner's interest above the CM company's interests
C. work in the best interest of the owner until the assignment of
construction risk
D. protect the designer's interests
A CM's response to an owner's request for qualifications and/or
proposal can be incorporated into the agreement between the
owner and CM to: Correct Answers A. establish performance of
the design services
B. establish the ability of CM's firm to cooperate with the
designer
C. assign owner staff to fulfill project requirements for services
D. identify the scope and quality of services the CM is to
provide
A contingency amount of +15% would be most appropriate at
which phase of a project? Correct Answers A. Pre-design
B. Design
C. Construction
,D. Procurement
A contractor submits a payment requisition for certification by
the CM. Everything seems to be in order except that the
schedule of values contains a new item for a Change Order that
was submitted but has not been approved by the owner. What
should the CM do? Correct Answers A. Advise the contractor to
revise payment requisition and resubmit within 48 hours
B. Revise pay requisition to deduct value of change order not
approved
C. Reject the entire payment requisition and require
resubmission
D. Approve the whole payment pending approval of change
order by owner
A derived performance model that can be generated from a cost
loaded schedule is a: Correct Answers A. profitability curve
B. constructibility curve
C. cash flow curve
D. earned value curve
A dispute has arisen with the contractor and the owner wants to
use a Dispute Review Board (DRB) to resolve the issue. Which
of the following issues will not allow the owner to use the DRB
, approach to resolve the problem? Correct Answers A. The DRB
provisions are not included in the contract
B. Board members are neutral
C. All parties agree on the selection of the board members
D. Board members are acknowledged technical experts
A general contractor has a contract to perform the following
work: metal stud framing, install gypsum board, tape and paint.
The general contractor has received the following subcontractor
bids:
Subcontractor A: submits bid on the tape and paint for a total of
$10,125
Subcontractor B: submits a bid for the metal stud framing and
the installation of gypsum board for a total of $52,720
Subcontractor C: submits a bid for the installation of gypsum
board and tape for a total of $9,250
The general contractor estimates the following costs to perform
each activity with in-house crews:
Metal Stud Framing $35,120
Install gypsum $21,232
Tape $8,720
Paint $3,021
If the bids and scope above are the only ones to be considered,
the lowest combination of subcontractor bids and/or general