CM 1011 Final exam review 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
,CM 1011 Final exam review PRACTICE QUESTIONS Exam comprehensive
questions | FREQUENTLY MOST TESTED QUESTIONS AND VERIFIED
SOLUTIONS
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
Retainage is an amount retained by the owner from progress payments as a penalty for mistakes made
by the contractor. - (ANSWER)False
, CM 1011 Final exam review PRACTICE QUESTIONS Exam comprehensive
questions | FREQUENTLY MOST TESTED QUESTIONS AND VERIFIED
SOLUTIONS
A change order adjustment amount does not include general overhead and profit. - (ANSWER)False
Summary schedules group activities under broader headings such as mobilization, site work, foundation,
and rough framing. - (ANSWER)True
Gantt charts are also known as network diagrams. - (ANSWER)False
Each time number in a network diagram represents a calendar day, not a work day. - (ANSWER)False
Detailed schedules do not break major work activities down into smaller tasks. - (ANSWER)False
The primary tool associated with project planning is the estimate. - (ANSWER)False
Some production activities do not actually require any physical effort. - (ANSWER)True
The three stages of a precedence diagram schedule are planning, sequencing, and scheduling. -
(ANSWER)True
The critical path never changes. - (ANSWER)False
Predicting durations is an exact science. - (ANSWER)False
Administrative activities include permitting, submittals, inspections, and testing. - (ANSWER)True
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
,CM 1011 Final exam review PRACTICE QUESTIONS Exam comprehensive
questions | FREQUENTLY MOST TESTED QUESTIONS AND VERIFIED
SOLUTIONS
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
Retainage is an amount retained by the owner from progress payments as a penalty for mistakes made
by the contractor. - (ANSWER)False
, CM 1011 Final exam review PRACTICE QUESTIONS Exam comprehensive
questions | FREQUENTLY MOST TESTED QUESTIONS AND VERIFIED
SOLUTIONS
A change order adjustment amount does not include general overhead and profit. - (ANSWER)False
Summary schedules group activities under broader headings such as mobilization, site work, foundation,
and rough framing. - (ANSWER)True
Gantt charts are also known as network diagrams. - (ANSWER)False
Each time number in a network diagram represents a calendar day, not a work day. - (ANSWER)False
Detailed schedules do not break major work activities down into smaller tasks. - (ANSWER)False
The primary tool associated with project planning is the estimate. - (ANSWER)False
Some production activities do not actually require any physical effort. - (ANSWER)True
The three stages of a precedence diagram schedule are planning, sequencing, and scheduling. -
(ANSWER)True
The critical path never changes. - (ANSWER)False
Predicting durations is an exact science. - (ANSWER)False
Administrative activities include permitting, submittals, inspections, and testing. - (ANSWER)True
