CMIT CERTIFICATION EXAM 2026-2027
QUESTIONS AND CORRECT ANSWERS |
A+ GRADE VERIFIED ANSWERS
The standard of care to which a CM is likely to be held is:
A) That of a licensed architect performing construction
administration services
B) That of a licensed contractor managing sub-contractors
on a similar project
C) That of how other professionals in the industry
generally perform
D) That of a general contractor working on a similarly
priced project Correct Answer C) That of how other
professionals in the industry generally perform
The scope of the professional CM's basic and invariable
role and responsibility is to serve the needs of the owner.
True False Correct Answer True
During the CM selection process, which of the following
statements is true?
A) The parties should have a clear understanding of the
scope of CM services required and what form of CM
agreement is proposed for use during the engagement.
B) The owner should consider the cost of CM services
only after the establishment of the technical requirements
and after careful consideration of the CM's qualifications,
related experience, and proposed staffing plan.
,C) The proposed CM agreements should clearly define the
risks and authority assumed by the CM, as distinguished
from those retained by the owner.
D) All of the above Correct Answer D) All of the above
There are no accepted industry-wide standards or
guidelines for determining what is considered to be
reasonable and fair compensation for construction
management services.
True False Correct Answer False
With regard to CM compensation and the actual cost of
CM services for a specific project, which of the following
factors among others, should be considered?
A) The point in time when the CM is brought on board and
the duration of the engagement.
B) The scope of services to be provided.
C) The relationship of the CM to others, and the risk and
authority assumed by the CM.
D) All of the above Correct Answer D) All of the above
Under a fixed fee approach to agency CM compensation,
which of the following statements is NOT true?
A) The fixed fee approach can have an adverse effect on
both the CM and the owner.
B) Unexpected problems could require a CM to expend
more costs than budgeted for staff to perform tasks.
C) The CM is not expected to perform a greater level of
effort than originally anticipated.
D) Some believe that a temptation always exists for the
CM to put forth less effort than anticipated or actually
,required. Correct Answer C) The CM is not expected to
perform a greater level of effort than originally anticipated.
The cost plus fixed fee method of CM compensation can
be divided into two separate phases—pre-construction
and construction.
True False Correct Answer True
Under a cost plus fixed fee arrangement for CM
compensation, the reimbursable expenses usually include:
A) The costs of all job-site personnel, staff relocation
costs, travel and living expenses of jobsite staff.
B) The costs of all job-site material, equipment,
communications, vehicles, fees paid, reproduction,
postage, computer, and any other reasonable field office-
related expenses.
C) The use of home office personnel who may be involved
in purchasing, expediting, scheduling, estimating, or other
direct project-related tasks.
D) All of the above Correct Answer D) All of the above
The fee as a percentage of construction cost method of
compensating an agency CM has a tendency to
discourage effective time and cost control and is in conflict
with the objectives and benefits of an agency construction
management.
True False Correct Answer True
In cases where a project is extended in duration for
reasons beyond the control of the CM, it is imperative that
the CM agreement address:
, A) How changes in scope and additional services will be
handled.
B) Extended CM services.
C) The cost of additional services.
D) All of the above Correct Answer D) All of the above
The cost reimbursement method of compensation is one
of the most commonly used forms of CM compensation
associated with agency CM.
True False Correct Answer True
Under a GMP contract, with services provided by a CM-at-
Risk, which of the following statements is NOT true?
A) The GMP is usually established on less than 100%
complete drawings and specifications.
B) It is important that the phrase Guaranteed Maximum
Price be clearly defined in the contract regarding what it
includes and excludes.
C) With a GMP type CM agreement, the CM is responsible
for all costs associated with the project.
D) Once a GMP for construction costs is established, the
CM takes on the risk for completing the project. Correct
Answer C) With a GMP type CM agreement, the CM is
responsible for all costs associated with the project.
Once the Guaranteed Maximum Price is established, the
owner does not have to be concerned with managing
costs or schedules.
True False Correct Answer False
QUESTIONS AND CORRECT ANSWERS |
A+ GRADE VERIFIED ANSWERS
The standard of care to which a CM is likely to be held is:
A) That of a licensed architect performing construction
administration services
B) That of a licensed contractor managing sub-contractors
on a similar project
C) That of how other professionals in the industry
generally perform
D) That of a general contractor working on a similarly
priced project Correct Answer C) That of how other
professionals in the industry generally perform
The scope of the professional CM's basic and invariable
role and responsibility is to serve the needs of the owner.
True False Correct Answer True
During the CM selection process, which of the following
statements is true?
A) The parties should have a clear understanding of the
scope of CM services required and what form of CM
agreement is proposed for use during the engagement.
B) The owner should consider the cost of CM services
only after the establishment of the technical requirements
and after careful consideration of the CM's qualifications,
related experience, and proposed staffing plan.
,C) The proposed CM agreements should clearly define the
risks and authority assumed by the CM, as distinguished
from those retained by the owner.
D) All of the above Correct Answer D) All of the above
There are no accepted industry-wide standards or
guidelines for determining what is considered to be
reasonable and fair compensation for construction
management services.
True False Correct Answer False
With regard to CM compensation and the actual cost of
CM services for a specific project, which of the following
factors among others, should be considered?
A) The point in time when the CM is brought on board and
the duration of the engagement.
B) The scope of services to be provided.
C) The relationship of the CM to others, and the risk and
authority assumed by the CM.
D) All of the above Correct Answer D) All of the above
Under a fixed fee approach to agency CM compensation,
which of the following statements is NOT true?
A) The fixed fee approach can have an adverse effect on
both the CM and the owner.
B) Unexpected problems could require a CM to expend
more costs than budgeted for staff to perform tasks.
C) The CM is not expected to perform a greater level of
effort than originally anticipated.
D) Some believe that a temptation always exists for the
CM to put forth less effort than anticipated or actually
,required. Correct Answer C) The CM is not expected to
perform a greater level of effort than originally anticipated.
The cost plus fixed fee method of CM compensation can
be divided into two separate phases—pre-construction
and construction.
True False Correct Answer True
Under a cost plus fixed fee arrangement for CM
compensation, the reimbursable expenses usually include:
A) The costs of all job-site personnel, staff relocation
costs, travel and living expenses of jobsite staff.
B) The costs of all job-site material, equipment,
communications, vehicles, fees paid, reproduction,
postage, computer, and any other reasonable field office-
related expenses.
C) The use of home office personnel who may be involved
in purchasing, expediting, scheduling, estimating, or other
direct project-related tasks.
D) All of the above Correct Answer D) All of the above
The fee as a percentage of construction cost method of
compensating an agency CM has a tendency to
discourage effective time and cost control and is in conflict
with the objectives and benefits of an agency construction
management.
True False Correct Answer True
In cases where a project is extended in duration for
reasons beyond the control of the CM, it is imperative that
the CM agreement address:
, A) How changes in scope and additional services will be
handled.
B) Extended CM services.
C) The cost of additional services.
D) All of the above Correct Answer D) All of the above
The cost reimbursement method of compensation is one
of the most commonly used forms of CM compensation
associated with agency CM.
True False Correct Answer True
Under a GMP contract, with services provided by a CM-at-
Risk, which of the following statements is NOT true?
A) The GMP is usually established on less than 100%
complete drawings and specifications.
B) It is important that the phrase Guaranteed Maximum
Price be clearly defined in the contract regarding what it
includes and excludes.
C) With a GMP type CM agreement, the CM is responsible
for all costs associated with the project.
D) Once a GMP for construction costs is established, the
CM takes on the risk for completing the project. Correct
Answer C) With a GMP type CM agreement, the CM is
responsible for all costs associated with the project.
Once the Guaranteed Maximum Price is established, the
owner does not have to be concerned with managing
costs or schedules.
True False Correct Answer False
