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Exam (elaborations)

CMGT 3500 TEST 3 2025 EXAM QUESTIONS AND ANSWERS
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6

October 2025

2025/2026

A+
CMGT 3500 TEST 3 2025 EXAM QUESTIONS AND ANSWERS Change - ANSWER-Also referred to as extras. When owner makes them they become modification of contract. If this impacts project cost/duration a change order is required Change Order - ANSWER-Changes issued by the owner that requires a change to the original contract. When GC receives modification proposal- must evaluate the potential impact the changes will have on the cost/duration, subcontractors involved in change must also submit quotati...
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Exam (elaborations)

CMGT 3500 TEST 3 2025 EXAM QUESTIONS AND ANSWERS
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3

October 2025

2025/2026

A+
CMGT 3500 TEST 3 2025 EXAM QUESTIONS AND ANSWERS Unlike other businesses, the construction industry is paid on periodic payments for progress of completion of a project. - ANSWER-True An express warranty is one that clearly stated either verbally in writing. - ANSWER-True The duration of a project is measured against substantial completion to determine: - ANSWER-When the last periodic payment can be made Retainage is: - ANSWER-Used as incentive for the contractor to complete the proj...
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$15.99 More Info