CM 3111 PRACTICE TEST 2026: QUESTIONS AND
100% VERIFIED ANSWERS | GRADED A+ |
GUARANTEED PASS!!
Estimate
- answer-an assessment of the probable total cost of some future activity
program phase
- answer-prepare conceptual estimates to predict the final cost of the project
schematic phase
- answer-use preliminary estimates to compile a cost plan; this establishes a budget
for each element
design development phase
- answer-confirm the accuracy of the cost plan budgets by means of a series of
preliminary estimates
contract documents phase
- answer-prepare a final pre-bid estimate to anticipate the contractors bid amount
contract selection phase
- answer-prepare estimates for contractors and subcontractors, then submit bids
based on these estimates
construction phase
- answer-prepare cost control estimates and compile quotes for changes in the work
conceptual estimate
- answer-prepared from a minimum amount of information because it is required at
a time when the project is often little more than a vague idea in the mind of the
owner. Primary factors for project feasibility are value and cost development
preliminary estimate
- answer-prepared as design develops and informs where design meets budget
, cost plan
- answer-summary of all anticipated project expenditures
value analysis
- answer-principles designers use for evaluating the benefits and costs of a
proposed design improvement
1. project type
2. delivery system
3. nature of delivery system contract
- answer-influential factors for preparing estimates:
Design-Bid-Build Delivery
- answer-traditional delivery system that requires the project to be fully designed
before work begins, and then makes use of a single contractor who assumes
responsibility for constructing the entire project on the terms of a lump-sum
contract with the owner
Construction Management Delivery
- answer-delivery system that seeks to facilitate overlap between project stages,
often referred to as fast tracking, to allow earlier completion of the project. This
approach allows construction work to begin after the design and bid for phase one
only are complete. The construction manager assumes the responsibility for overall
control and coordination of the construction work that was provided by the general
contractor under the traditional organization. One of the CM's main duty is cost
control. The cost plan has to be broken down into a number of subplans
corresponding to the number of phases.
Design-Build Delivery
- answer-delivery system in which the the owner deals with a single organization
that assumes the responsibility for both the design and the construction of the
project. In recent years this has become the the delivery system of choice for many
types of project, especially infrastructure projects often undertaken as public-
private partnership initiatives. The owner indicates that he or she requires a certain
facility and usually outlines some parameters like location, size, design. He may
have preliminary sketches.
lump-sum contracts
- answer-terms that general contractors and subtrades will perform a defined scope
of work for the sum that they stipulated when they submitted their bids.
100% VERIFIED ANSWERS | GRADED A+ |
GUARANTEED PASS!!
Estimate
- answer-an assessment of the probable total cost of some future activity
program phase
- answer-prepare conceptual estimates to predict the final cost of the project
schematic phase
- answer-use preliminary estimates to compile a cost plan; this establishes a budget
for each element
design development phase
- answer-confirm the accuracy of the cost plan budgets by means of a series of
preliminary estimates
contract documents phase
- answer-prepare a final pre-bid estimate to anticipate the contractors bid amount
contract selection phase
- answer-prepare estimates for contractors and subcontractors, then submit bids
based on these estimates
construction phase
- answer-prepare cost control estimates and compile quotes for changes in the work
conceptual estimate
- answer-prepared from a minimum amount of information because it is required at
a time when the project is often little more than a vague idea in the mind of the
owner. Primary factors for project feasibility are value and cost development
preliminary estimate
- answer-prepared as design develops and informs where design meets budget
, cost plan
- answer-summary of all anticipated project expenditures
value analysis
- answer-principles designers use for evaluating the benefits and costs of a
proposed design improvement
1. project type
2. delivery system
3. nature of delivery system contract
- answer-influential factors for preparing estimates:
Design-Bid-Build Delivery
- answer-traditional delivery system that requires the project to be fully designed
before work begins, and then makes use of a single contractor who assumes
responsibility for constructing the entire project on the terms of a lump-sum
contract with the owner
Construction Management Delivery
- answer-delivery system that seeks to facilitate overlap between project stages,
often referred to as fast tracking, to allow earlier completion of the project. This
approach allows construction work to begin after the design and bid for phase one
only are complete. The construction manager assumes the responsibility for overall
control and coordination of the construction work that was provided by the general
contractor under the traditional organization. One of the CM's main duty is cost
control. The cost plan has to be broken down into a number of subplans
corresponding to the number of phases.
Design-Build Delivery
- answer-delivery system in which the the owner deals with a single organization
that assumes the responsibility for both the design and the construction of the
project. In recent years this has become the the delivery system of choice for many
types of project, especially infrastructure projects often undertaken as public-
private partnership initiatives. The owner indicates that he or she requires a certain
facility and usually outlines some parameters like location, size, design. He may
have preliminary sketches.
lump-sum contracts
- answer-terms that general contractors and subtrades will perform a defined scope
of work for the sum that they stipulated when they submitted their bids.
