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CMGT 3500 FINAL EXAM 2025 QUESTIONS AND ANSWERS

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CMGT 3500 FINAL EXAM 2025 QUESTIONS AND ANSWERS Spearin Doctrine Defined - ANSWER-the implied warranty that the project owner, often a governmental entity in public works, guarantees the accuracy of the provided specifications. Contract Law and Tort Law Difference - ANSWER-Tort law deals with civil wrongs and harm caused to others, while contract law deals with legally binding agreements. Elements of a Contract - ANSWER-Offer Acceptance Consideration Meeting of the minds Terms of the contract Design-Bid-Build (D-B-B) - ANSWER-design team and a general contractor working directly for the owner under separate contracts. Design-Build (D-B) - ANSWER-the owner provides a contract to a single firm that handles both the design and construction aspects of a project. Construction Manager at Risk (CMAR) - ANSWER-The construction manager acts as a representative for the owner during the design and construction phases, and the CM takes on project risk What is a contract? - ANSWER-a legally binding agreement Lowest Responsive Responsible Bidder meaning - ANSWER-A bidder who is capable of performing the contract requirements. The lowest bidder must be both responsive and responsible to be considered for award. Three Project Award Methods Defined - ANSWER-1. Design/Bid/Build (DBB): Traditional method where the contractor is selected through a bidding process. 2. Construction-Manager-at-Risk (CMaR): The contractor is selected based on their ability to manage the project and meet the project schedule. 3. Design-Build (D-B): The contractor is selected based on their ability to both design and construct the project12. three conditions that must be met for bid withdrawal - ANSWER-Evident Mistake Undue Hardship: Timeliness: 3 parties to surety agreement - ANSWER-Owner (obligee) Contractor (principal) Surety (guarantor)

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Institution
CMGT 3500
Course
CMGT 3500

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CMGT 3500 FINAL EXAM 2025
QUESTIONS AND ANSWERS
Spearin Doctrine Defined - ANSWER-the implied warranty that the project owner,
often a governmental entity in public works, guarantees the accuracy of the provided
specifications.

Contract Law and Tort Law Difference - ANSWER-Tort law deals with civil wrongs
and harm caused to others, while contract law deals with legally binding agreements.

Elements of a Contract - ANSWER-Offer
Acceptance
Consideration
Meeting of the minds
Terms of the contract

Design-Bid-Build (D-B-B) - ANSWER-design team and a general contractor working
directly for the owner under separate contracts.

Design-Build (D-B) - ANSWER-the owner provides a contract to a single firm that
handles both the design and construction aspects of a project.

Construction Manager at Risk (CMAR) - ANSWER-The construction manager acts
as a representative for the owner during the design and construction phases, and the
CM takes on project risk

What is a contract? - ANSWER-a legally binding agreement

Lowest Responsive Responsible Bidder meaning - ANSWER-A bidder who is
capable of performing the contract requirements.
The lowest bidder must be both responsive and responsible to be considered for
award.

Three Project Award Methods Defined - ANSWER-1. Design/Bid/Build (DBB):
Traditional method where the contractor is selected through a bidding process.
2. Construction-Manager-at-Risk (CMaR): The contractor is selected based on their
ability to manage the project and meet the project schedule.
3. Design-Build (D-B): The contractor is selected based on their ability to both design
and construct the project12.

three conditions that must be met for bid withdrawal - ANSWER-Evident Mistake
Undue Hardship:
Timeliness:

3 parties to surety agreement - ANSWER-Owner (obligee)
Contractor (principal)

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Institution
CMGT 3500
Course
CMGT 3500

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