CEM 100 exam 1 EXAM 2026 COMPLETE EXAM
QUESTIONS AND ACCURATE ANSWERS
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Terms in this set (105)
Under what construction Agency CM
contracting method does the
managing entity work for a
professional fee?
What method looks at the lowest value engineering
life-cycle costs for a project?
Under what construction GMP
contracting method often results in
shaped savings between owner and
contraction if the project finishes
below the target price?
The construction contracting separate
method whereby there is more than
one prime contractor is referred to
as the _____- contracts system
What construction contracting design-bid-build
method is referred to as the
traditional method?
,Services on a construction project general conditions
that include trash disposal,
temporary electrical power,
temporary heat, guardrails,
construction worker parking, and
job security would fall under the ____
category
This contracting method _____ is also design-build
referred to as the turnkey process
or as the turnkey project delivery
method
Concerning contract documents, addenda; change orders.
revisions to the design plans and
specifications termed, ______ are
issued by the A/E prior once the
contract bids on the project
whereas once the contract bids
signed with construction underway,
revisions to the design plans and
specifications are now termed_____
The construction process where by fast-track
once foundation design is
completed, then when the next
design phase is completed and
construction then starts on the
phase is termed _____ construction
What business form provides the Corporation
greatest liability protection for an
owner?
, What business form is typically joint venture
developed only for one project
with the possible benefit of pooling
bonding capacity?
Some America's largest joint venture
construction projects including
hoover dam in southern Nevada,
built by the six companies, have
been constructed by this business
ownership form where the assets
and other resources of two or more
construction firms are combined for
a specific project
A statutory entity that combines the LLC
limited personal liability feature of a
corporation and the partnership
feature of taxation at the owner
level is termed a
Concerning business ownership for 75
construction, contracting firms in
the U.S., approximately ____% are
individual proprietorships
A business ownership form that has corporation
the principal advantages of limited
liability of its owners perpetual life
of the company, relative ease of
raising capital, the easy and
workable provision for multiple
ownership, and the economic
benefit that owners pay taxes only
on profits (dividends) actually
received is the ____
QUESTIONS AND ACCURATE ANSWERS
|ALREADY PASSED!
Save
Terms in this set (105)
Under what construction Agency CM
contracting method does the
managing entity work for a
professional fee?
What method looks at the lowest value engineering
life-cycle costs for a project?
Under what construction GMP
contracting method often results in
shaped savings between owner and
contraction if the project finishes
below the target price?
The construction contracting separate
method whereby there is more than
one prime contractor is referred to
as the _____- contracts system
What construction contracting design-bid-build
method is referred to as the
traditional method?
,Services on a construction project general conditions
that include trash disposal,
temporary electrical power,
temporary heat, guardrails,
construction worker parking, and
job security would fall under the ____
category
This contracting method _____ is also design-build
referred to as the turnkey process
or as the turnkey project delivery
method
Concerning contract documents, addenda; change orders.
revisions to the design plans and
specifications termed, ______ are
issued by the A/E prior once the
contract bids on the project
whereas once the contract bids
signed with construction underway,
revisions to the design plans and
specifications are now termed_____
The construction process where by fast-track
once foundation design is
completed, then when the next
design phase is completed and
construction then starts on the
phase is termed _____ construction
What business form provides the Corporation
greatest liability protection for an
owner?
, What business form is typically joint venture
developed only for one project
with the possible benefit of pooling
bonding capacity?
Some America's largest joint venture
construction projects including
hoover dam in southern Nevada,
built by the six companies, have
been constructed by this business
ownership form where the assets
and other resources of two or more
construction firms are combined for
a specific project
A statutory entity that combines the LLC
limited personal liability feature of a
corporation and the partnership
feature of taxation at the owner
level is termed a
Concerning business ownership for 75
construction, contracting firms in
the U.S., approximately ____% are
individual proprietorships
A business ownership form that has corporation
the principal advantages of limited
liability of its owners perpetual life
of the company, relative ease of
raising capital, the easy and
workable provision for multiple
ownership, and the economic
benefit that owners pay taxes only
on profits (dividends) actually
received is the ____
