PASSED ANSWERS.
In a pure construction management approach the construction manager
usually guarantees the overall price of the project. Answer - True
In a guaranteed maximum price (GMP) contract, costs above the GMP are
covered by the contractor. Answer - True
A unit-price contract provides an owner with price competition while still
allowing for an increase or decrease in actual versus estimated quantities.
Answer - True
The choice of which delivery method is correct is a factor of perceived risk.
Which of the following is a source of project risk?
A
Financial concerns
B
Quality of the materials or workmanship
C
When the project will be completed
D
Quality of design
,E
All of the above Answer - E. All of the above
In which of the following project approaches is owner oversight most difficult
to apply?
A
Design/Bid/Build lump sum
B
Design/Bid/Build GMP
C
Design/Build
D
Construction project management
E
Owner oversight is a function of staffing, not of the chosen delivery method
Answer - C. Design Build
Identify in which project phase Contract for subcontract services would occur
A
Initiation and feasibility analysis
B
Project design
C
Procurement
D
Construction
E
, Turnover and startup Answer - C. Procurement
Identify in which project phase Broad-scale planning would occur
A
. Initiation and feasibility analysis
B
Project design
C
Procurement
D
Construction
E
Turnover and startup Answer - .A. Initiation and feasibility analysis
Identify in which project phase Store spare parts and collect warranties would
occur
A
Initiation and feasibility analysis
B
Project design
C
Procurement
D
Construction
E
Turnover and startup Answer - E. Turnover and startup