CCM Exam Study Guide – HPM 327 Questions with Verified Answers,100% CORRECT, Exams of Nursing

Download CCM Exam Study Guide – HPM 327 Questions with Verified Answers,100% CORRECT and more Exams Nursing in PDF only on Docsity! CCM Exam Study Guide – HPM 327 Questions with Verified Answers What Is a pre-solicitation notice? - CORRECT ANSWER The pre-solicitation notice helps government agencies determine if there are qualified vendors to perform the work scope. It provides a "heads up" that the solicitation will be released and solicits capability responses from responsible vendors. The pre-solicitation notice also helps the government determine if the requirement can be set-aside for a small business if capable small businesses respond. The pre-solicitation notice is valuable to a contractor for the same reason and it also provides the contracting office with information on the company if they have never done business with them before. The pre-solicitation notice serves its purpose. However, it would help first-time contract bidders if information regarding the purpose of the solicitation such as; is there an existing requirement, if so, who is the incumbent, what are the differences in work scope (if any), and overall budget for the project term. The proposal process includes three very important elements: 1. Technical/Management Approach - companies must be able to perform the requirements in the Statement of Work, as well as describe how they plan to do so. Sales brochures or cookie cutter company descriptions will not work. A business owner should be prepared to write to the requirements and respond with a strong technical volume. Offer what they want, not want you think they want or need. 2. Past Performance - companies should include strong references of relevant past performance. 3. Price - Competitive pricing is expected, as long as it's not so low or high that it is determined that the contractor does not understand the requirements. What is the least preferred contract type? - CORRECT ANSWER Time-and- materials and labor-hour (T&M/LH) contracts. Typically used w/ Government work. ADR - CORRECT ANSWER Alternative Dispute Resolution - the process to resolve disputes. Relation to the Owner/ CM agreement Out of court typ. Project Cost Report (CA) - CORRECT ANSWER At-Risk CM produces project cost report tracking true subs amount compared to guaranteed max. price. Bid Opening/ Evals - CORRECT ANSWER - At Risk CM opens/ evaluates/ summarizes all subcontractor & vendor bids. - Recommendations in writing to owner w/ bid docs. Pre-Design Phase (3 Goals in CA) - CORRECT ANSWER 1. Develop/ Processes & Procedures, Admin Contracts - All phases. 2. Develop process design consultant selection 3. Develop communication Procedures (Owner > Design Team . GC) Beneficial Occupancy - CORRECT ANSWER - Stage building can be occupied prior to substantial completion. - TCO typ. Design-Bid-Build (DBB) (Traditional Approach) - CORRECT ANSWER - Most Common Project Delivery Method. - Delivery Method: Single or Multi-Prime - CM Type: Agency - Applicability: All chapters/ sections - Different from a fixed-price contract (also known as stipulated price contract or lump-sum contract) where cost savings are typically retained by the contractor and essentially become additional profits.[ Project Management Plan (PMP) - CORRECT ANSWER - CM responsible (Cost/ Time) - CM leads defining project req. - Outlines strategies for project - Updates throughout project cycle - Need owners approval (PMP) before proceed - Typ. Est. scope, budget, schedule, environmental conditions, basic system used. - Scope defined typ. - CD's/ Narrative/ Performance Parameters/ Budget Design Phase - CORRECT ANSWER - Design professional has total responsibility for design implementation execution - Owner/ CM decision - making responsibilities Design Phase 5 C's of Design Doc' Review - CORRECT ANSWER 1. Clarity 2. Completeness 3. Constructability 4. Compliance (w/ owner's program) 5. Coordination (Among Trades/ GC) Constructability Review (CM Responsibility Typ.) - CORRECT ANSWER Focus - Phasing - Logistics - Avoidance cnstr. conflicts CM Meetings - CORRECT ANSWER - Min. Conducted End Design Phase - Team Review prior to Bid Package Release - Review Budget - Master schedule/ milestones - Resolutions any discussions review process What are recommended subjects for each project meeting? - CORRECT ANSWER 1. Review of the project budget & current estimate of what construction cost the dwgs & specs currently represent, making allowances & assumptions for detail not shown or know. 2. Review of the Master Schedule, Milestone Schedule, & any additional detailed sub schedules for the project 3. Discussion and resolution of any issues which have become evident through previous review of docs/ team discussion & have not been addressed What stages does the CM prepare estimate during the Design Process? - CORRECT ANSWER - Completion of (SD) Schematic Design. - Completion of Preliminary design - In progress final design (60-90%) complete - Completion of Bid docs (issued Addenda's) Basis-of-estimate - CORRECT ANSWER - Narrative doc that accompanies the budget - Specific docs used estimates - Dates - Assumptions/ Clarifications/ Exclusions - Documents Risk & Opportunities (CM- at-Risk GC) Common Phase to become part of project team - CORRECT ANSWER - Final design doc. estimates phase Certified Value Specialist (CVS) - CORRECT ANSWER - Brought in typ. value eng/ analysis stage - If conducted before design data developed typ. reports too conceptual to be of value - If delayed, re-design typ. Schedule of Values (SOV) - CORRECT ANSWER - (2) Major methods 1. % of completion of scheduled activities method determines GC progress Payment - CM/ GC determines SOV each activity 2. % of completion by division determines GC progress Payment SOV w/ each work element Independent Cost Estimate (ICE) - CORRECT ANSWER - Used w/ CO - Often required by legislation of company policies (2) Types of pricing (CO) Change Orders - CORRECT ANSWER 1. Forward Pricing - Done Prior to the start of/ or during the work - estimate itemizes prod. rates/ crews/ hours/ equip. - Materials -listed/ quotes/ prices list. (Backups) 2. Post pricing - Pricing done during or after complete - Represents actual cost/ labor/ materials/ equip. Input for safety perspective: cnstr mngmt plan, Project Procedures manuals, Pre- Construction dwgs, constructability reviews and mngmt info system. Safety mngnt - Staffing Considerations - CORRECT ANSWER Fed, state, county, local safety regs BOCA & NFPA codes ANSI standards OSHA EPA/ DER (Distributed energy resource) environmental regs Hazard communication requirements Construction operations, specs & dwgs Labor relations Some project may req - Certified Safety Professional (CSP), Cnst Health & Safety Technician (CHST), Certified Industrial Hygienist (CIH) for SPECIAL COND. Asbestos, hazardous waste removal. Safety Mngt - Design Phase - CORRECT ANSWER Typ term during this phase - "Design for construction safety" CM Safety coordinator - at this phase provide input for CD's/ specs related to safety Goal is to clearly define safety in this phase and not leave to awarded bidder All guidelines provided are at a MIN. REQ. to GC Indemnification clauses/ insurance req. should be reviewed by the owner's legal counsel at this phase to implement into GC CD's. - Intent protect Owner & CM Construction mngmt - Contract Req. & Drafting Guidelines - CORRECT ANSWER CD's should be structured to ensure GC & Subs are responsible for safety Submittals - safety programs - team info - site specifics - high risk plan Responsibilities & Req. - CD's should CLEARLY state solely respon. - Compliance w/ all regulations relating to site - Safety representative Safety Representative - CORRECT ANSWER Has STOP WORK authority Construction Mngmt. organization should provide training to all employees in a. federal guidelines for the purchase of professional service b. insurance fraud c. ethics and standards of practiced. d. AIA design standards for types of buildings done - CORRECT ANSWER a. federal guidelines for the purchase of professional service The ethical practice of construction management focuses primarily on the a. interaction between the GC, CM and owner b. interaction between the Design, CM and owner c. relationship between the CM and clients d. conduct of the CM in the performance of construction work - CORRECT ANSWER d. conduct of the CM in the performance of construction work The role of the CM changes from Agent for the owner to CM At-Risk when a. The CM assigns risk to contractors performance the work and accepts the responsibility for managing the construction b. the CM accepts the performance of construction for a fixed price c. Upon receipt of an Executed Contract Agreement to perform CM services d. The Construction Phase begins - CORRECT ANSWER b. the CM accepts the performance of construction for a fixed price As an agency CM, the CM bears a limited financial responsibility equal to the a. cost of direct labor assigned to the project b. financial risk the owner has for the project c. liability insurance limits provided by the CM firm d. the scope of services and the fee agreed upon between the owner and the CM - CORRECT ANSWER d. the scope of services and the fee agreed upon between the owner and the CM Which of the following method of compensation for CM services is inconsistent with the agency CM's fiduciary relationship to its owners? a. Fixed fee b. Professional fee plus expenses c. Multiple of direct personal expenses d. percentage of construction costs - CORRECT ANSWER b. Professional fee plus expenses Which of the following constitutes unethical behavior for a construction management firm during the administration of the project? a. Assigning unqualified staff b. Overstating the firm's credentials c. Offering persons that you don't have d. Selling services that you do not plan to deliver - CORRECT ANSWER d. Selling services that you do not plan to deliver Which of the following is a contract stipulation that would have the potential for conflict of interest between the owner and an Agency CM? a. Shared savings between the owner and designer for estimating project cost and actual cost of construction. b. The CM provides project accounting services. c. Payment by the CM to the owner's designer for additional inspection due to deficient work. What is the most important thing the PM can do for GC to make the project successful? a. Provide contract language that motivates the contractor to stay on schedule b. Provide a highly effective safety program c. Suggest value engineering solutions to lower contractor costs d. Create an environment were the contractors can be productive - CORRECT ANSWER d. Create an environment were the contractors can be productive. A CM that has a Program Management (PM) agency contract generally acts in who's interest? a. CM b. Surety's c. GC's d. Owner's - CORRECT ANSWER d. Owner's A firm provides design, design-build, and a full range of construction management services. On an Agency CM project that was completed 24 months ago, the connection details between the curtain wall and structural frame fails on 60% of the glazing system. After assessing responsibility, the mostly likely outcome by the court will find that the _______________________. a. owner and designer are responsible for the cost of repairs b. design experience of the firm relevant in determining issues of professional negligence and financial responsibility for damages c. steel erection contractor is responsible for the failure d. failure is the responsibility of the designer and the responsibility of the designer's errors and omissions insurance provider to pay - CORRECT ANSWER d. failure is the responsibility of the designer and the responsibility of the designer's errors and omissions insurance provider to pay A constructability review focuses on ________________. a. the sequence, means and methods of construction b. the cost effectiveness of the construction documents c. the clarity, completeness and consistency of the construction documents. d. the ability to construct the project with the budget and schedule - CORRECT ANSWER c. the clarity, completeness and consistency of the construction documents. The project communication matrix is developed to ________. a. ensure confidentiality of project communications b. document all project communications c. identify how communications should be routed d. establish specific response times to issue raised - CORRECT ANSWER c. identify how communications should be routed In deriving a GC's experience modification rate (EMR), which one of the following is most important. a. Severity of past accidents b. Type of past accidents c. Frequency of past accidents d. Cost of past accidents - CORRECT ANSWER d. Cost of past accidents Who prepares the PMP? a. Architect b. Owner c. Contractor d. CM - CORRECT ANSWER d. CM construction manager prepares the initial narrative plan at Pre-Design phase. What does PMP Project Mngmt Plan typically establish? - CORRECT ANSWER Project scope, budget, schedule, environmental conditions and basic systems used, methods and procedures. In the pre-design phase the CM is primarily responsible for what documentation? - CORRECT ANSWER Overall cost and time The major advantage to the owner of using multiple prime contracts is savings on the______________________. a. escalation cost due to late procurement b. markup on the work that otherwise would be subcontracted c. time to complete the project d. direct material, equipment and labor cost. - CORRECT ANSWER c. time to complete the project The total dollar amount allocated by the owner for a project/ program is known as the ___________. a. Budget b. Estimate c. Schedule of values d. Budget estimate - CORRECT ANSWER a. Budget The standard of care governing CM professional practice is based on _________________ a. laws that may differ from state to state b. laws that are uniform nationwide c. what other reasonably competent CM's would do under similar circumstances d. specific performance outlined in the CMAA Standards of Practice - CORRECT ANSWER d. specific performance outlined in the CMAA Standards of Practice When doing force account work, the work performed by the contractor should be verified daily by the ____. a. contractors and the architect/ engineer b. CM and the owner c. CM and the architect/ engineer d. CM and the contractor(s) - CORRECT ANSWER d. CM and the contractor(s) Which of the following are activities of the Project Pre-Design Phase? a. The project team collaborates on developing the design b. The owner assembles and organizes a project team of design and construction management professionals c. The construction manager develops a detailed cost estimate one of them can recover if the party breaches the contract. Usually they apply to some specific type of breach of the contract, not any breach of any promise anywhere in the contract. What is Changed Conditions? - CORRECT ANSWER Part of the Initial Design Meeting. Typically w/ designer for additional compensation associated w/ performance of services. The project delivery system that allows the option to fast-track a project is _______________? a. Construction Management b. Design-Bid-Build c. Traditional d. Design-Build - CORRECT ANSWER b. Design-Bid-Build What is it called when an owner occupies a project before it is 100% complete? a. Beneficial occupancy b. Substantial completion c. Substantial occupancy d. Early move-in - CORRECT ANSWER b. Beneficial occupancy What is Beneficial occupancy? - CORRECT ANSWER Stage of construction of a building or facility, before final completion, at which its owner can occupy it for the purpose it was constructed. You are representing a regional water wholesaler on a tunnel/ pipeline project under a CM-for-fee arrangement. The owner intends to perform the project by holding separate contracts with a design firm and a contractor to be selected from a list of pre-qualified bidders. As the owner's agent, in order to provide competent plans and specifications and avoid (or at the least) minimize the owner's exposure to preventable claims, one should recommend to the owner that they _________________________. a. involve construction b. implement a project labor agreement c. incorporate an alternative dispute resolution (ADR) clause into the contract documents d. hire a local GC to perform a pre-bid constructibility review - CORRECT ANSWER c. incorporate an alternative dispute resolution (ADR) clause into the contract documents A contingency amount of +15% would be most appropriate at which phase of a project? a. Pre-design b. Procurement c. Construction d. Design - CORRECT ANSWER d. Design Which of the following tools is used to manage all or partial cost of the planning, design, and construction associated with the project budget? a. Cost management plan b. Schedule of values c. Forward pricing d. Cost estimate - CORRECT ANSWER d. Cost estimate What type of estimate is performed regularly during the construction phase? a. detailed b. progress c. forecast d. parametric - CORRECT ANSWER c. forecast What is forward pricing? - CORRECT ANSWER Pricing done PRIOR to the Start of or during WORK. The ESTIMATE of costs should itemize PRODUCTION RATES, CREW compositions, HOURS and EQUIPMENT. MATERIAL cost should be listed and substantiated with quotes and price list. Which of the following would be considered an impact cost when estimating change order? a. Increased material quantities b. changes in the sequence of work c. additional laborers for added work d. addition of a new subcontractor - CORRECT ANSWER b. changes in the sequence of work A derived performance model that can be generated from a cost loaded schedule is a __________________. a. conductibility curve b. profitability curve c. cash flow curve d. earned value curve - CORRECT ANSWER c. cash flow curve (Verify) Which of the following project cost can be considered as a direct project cost? a. structural steel b. insurance c. payroll clerk d. job trailer - CORRECT ANSWER d. job trailer Which of the following estimating techniques is used during the conceptual phase of design, utilizing actual costs from similar, previously=-performed projects? a. Bottom up estimating b Component estimating c. parametric modeling d. linear extrapolation estimating - CORRECT ANSWER Top down estimating, Analogous Estimating Bottom-Up Estimating - CORRECT ANSWER The technique involves estimating the cost individual project component sand then summing the total of the project components estimates. For example, in a wastewater treatment plant, the estimator may be able to independently estimate the component cost for primary clarifies and extended aeration basins on a million gallon per day basis, and then factor in cost for headworks and screening, yard piping and electrical, disinfection facilities, and discharge piping. Having arrived at a conceptual estimate for each component of the system, the estimator can sum the components coast to arrive at a conceptual cost. The dollar and time amount allocated by the owner for a project is defined as_________________. a. an estimate Earned work hours or dollars to date/actual work hours or dollars to date equals BCWP/ACWP - CORRECT ANSWER Cost performance index (CPI) Which of the following owner object is is most important for the CM to clarify with the owner? a. Insurance requirements b. Financial feasibility of the project c. Small business participation goals d. How the project will allow for future expansion - CORRECT ANSWER b. Financial feasibility of the project In preparing the initial project budget, the CM must ensure that the owner knows that: a. Weather in packs could cause cost growth b. The cost of the project is highly sensitive to quality and scope c. Trader workers are essential for constructing the project d. Obtaining permits could delay construction - CORRECT ANSWER d. Obtaining permits could delay construction When the CM performs forward pricing, which of the following factors should be considered in evaluating production rates? a. Overhead b. Labor agreements c. Material cost escalation d. Value of salvage material - CORRECT ANSWER b. Labor agreements Which of the following sets of principles is value engineering base? a. Pier analysis, and economized system, material type b. Cost reduction, Maine Taine ability, and standardized systems c. Value analysis, compliance standards, and operational awareness d. Organized review, a functional - oriented approach, and creative thinking - CORRECT ANSWER c. Value analysis, compliance standards, and operational awareness On which of the following sets of principles is value engineering based? - CORRECT ANSWER a. Pier analysis, and economize System, material type b. Value analysis, compliance standards, and operational awareness c. Organize review, a functional - oriented approach, and creative thinking d. Cost reduction, maintainability, and standardize systems During the design phase, the CM should perform which of the following activities? a. Prepare the project specifications b. Obtain owners authorization for design scope or criteria changes c. Direct the A/E to make changes to stay within budget d. Review and approve the design work product - CORRECT ANSWER b. Obtain owners authorization for design scope or criteria changes What is the regular length of time for concrete to harden into its optimal strength under normal conditions? a. 7 days b. 28 days c. 20 days d. 14 days - CORRECT ANSWER b. 28 days Who is responsible for implementation of the quality control requirements during construction? a. Contractor b. Owner c. CM d. Architect - CORRECT ANSWER a. Contractor When the CM is providing inspection services, which plan should be consulted to ensure that the contractor complies with the required inspection services? a. Quality control plan b. Construction management plan c. Quality management plan d. Contract specifications plan - CORRECT ANSWER c. Quality management plan What does the construction manager use an established to keep the teams informed about the overall status of a project? a. Construction documents b. Detailed estimates c. Management information systems d. Detailed schedules - CORRECT ANSWER c. Management information systems What does the construction manager use and establish to keep the team informed about the overall status of the project? a. Construction documents b. Detailed estimatesc c. Management information systems d. Detailed schedules - CORRECT ANSWER c. Management information systems (MIS) The critical path lies along the activities having a total _____ float. a. negative b. minimum c. zero d. positive - CORRECT ANSWER c. zero The time by which activity completion time can be delayed without affecting the start of succeeding activities, is known as a. free float b. duration c. interfering float d. total float - CORRECT ANSWER a. free float Pick the correct statement from the following: a. If the float is positive and the activity is delayed by a period equal to its total float, the completion of project is not delay b. The float may not be negative. c. If the float of an activity is negative, delay in its performance will not delay the completion of project. d. If the float of an activity is zero, the activity is not critical and any delay in its performance will not delay the whole project. - CORRECT ANSWER a. If the float is positive and the activity is delayed by a period equal to its total float, the completion of project is not delay What is the process in title to verify and document at the performance of mechanical, electrical, and other systems? The project owner consider _______ to be the highest priority, followed by cost and schedule. You were concerned about the level of quality specified in the contract documents, and whether or not the owners expectation will be met. Which of the following is the most important? a. Approved submittals for the work are on file b. Familiarity the drawings and specifications c. Review of the contractors quality control program d. Verification of materials and workmanship or installed in accordance with the approved submittals - CORRECT ANSWER And implied warranty is usually provided by the ________. a. Supplier b. Owner c. Manufacturer d. Contractor - CORRECT ANSWER c. Manufacturer Who has the primarily responsibility for delivering a project in accordance with the contract documents? a. The owner b. The contractor c. The CM d. The designer - CORRECT ANSWER In the event of a default in construction performance, the owner has the right under what document? a. Award letter b. Performance bond c. Architect - engineer contract d. Bid bond - CORRECT ANSWER Which of the following documents from the construction specifications institute (CSI) is typically used to organize construction information for commercial building projects? a. Commissioning plan b. MasterFormat c. LEED plan d. Dictionary - CORRECT ANSWER b. MasterFormat Owners like cost plus CM agreements with a GMP because ________ . a. There are no change orders b. Cost for limited in savings are usually shared c. They reduce design cost d. The time of performance is reduced - CORRECT ANSWER b. Cost for limited in savings are usually shared A major change in scope, Requested by the owner, will cause the project's budget and the contract completion date to be extended, even though the owner has empathetically told you that no additional cost or time will be authorized. What should the CM do? a. Work with the designer and contractor to try to identify cost and time saving alternatives and present the options to the owner b. Tell the owner he's crazy and it can't be done c. Get the contracting officer to issue the least cost option to the contract d. Issue a change order immediately - CORRECT ANSWER a. Work with the designer and contractor to try to identify cost and time saving alternatives and present the options to the owner What is the primary function of the record drawings provided the owner at the completion of the project? a. Provide the owner all project lessons learned b. Show revisions in materials equipment and the design c. Provide the owner a final design d. Validate to the owner the commissioning process - CORRECT ANSWER b. Show revisions in materials equipment and the design The start of a Construction and project is initiated with a _______ letter. a. Notice to proceed (NTP) b. Award c. Commissioning d. Certification - CORRECT ANSWER a. Notice to proceed (NTP) The term substantial completion means? a. The project is almost complete b. The project is ready for occupancy in accordance with its intended purpose c. The project is complete, but liquidated damages for delay will continue d. The project is complete except for the fire marshal's approval - CORRECT ANSWER b. The project is ready for occupancy in accordance with its intended purpose What is the term used to define the detailed written description of the project requirements? a. Specifications b. Standards c. Building information model d. Drawings - CORRECT ANSWER a. Specifications A formal demand for compensation by a contractor in accordance with the contract documents can be described as a ______. a. Modification b. Change order c. Bonus d. Claim - CORRECT ANSWER b. Change order A short section of a small PVC conduit containing sensitive fiber optic communication lines had floated above it's concrete encasement and was buried unprotected just below the AC pavement in an aircraft parking apron. The contractor on a new job modifying in replacing the apron cut into the unprotected sex and shutting down the communication loop. This irregularity was not indicated on the original construction as-builts Nor discovered during electronically and or - site field test to dinner by underground utilities. The contractor probably notifies the CMM restores the line, but since the claim for compensation. Of the following, which of the following is the correct approach for resolving this claim? a. contractor is due proper compensation. b. Contractor has to sort the cost due to negligence c. Contractor and owner should share the repair cost d. Designer should pay for it because of errors and omissions - CORRECT ANSWER d. Designer should pay for it because of errors and omissions The contract for sewer pump station allows for liquidated damages (LDs) of $5000/day to be imposed if beneficial occupancy is reached after July 3. On July 1, the only work outstanding is landscaping and color coding of pipes, and both are completed six days later. On July 5 the pump station is put into operation. What LD's should be assessed the contractor? a. $10,000 b. $30,000 c. $0 d. $25,000 - CORRECT ANSWER b. $30,000 What is the term used for the project analysis process used to determine how best to meet necessary functions, performance, and reliability at the minimum lifecycle cost? a. Monte Carlo analysis b. Value engineering c. Build information modeling d. PERT estimation technique - CORRECT ANSWER b. Value engineering What is Monte Carlo analysis? - CORRECT ANSWER Monte Carlo simulation, or probability simulation, is a technique used to understand the impact of risk and uncertainty in financial, project management, cost, and other forecasting models. When you develop a forecasting model - any model that plans ahead for the future - you make certain assumptions. What is PERT estimation techniques? - CORRECT ANSWER PERT is an estimating technique that uses a weighted average of three numbers (see below) to come up with a final estimate. What legal encumbrance can a contractor use to secure payment after the work has been completed? a. Letter of credit b. Lien c. Arbitration d. Security bond - CORRECT ANSWER b. Lien Where should project dimensions manufacturing conventions, and special fabrication instructions be included? a. BIM models b. Shop drawings c. Record drawings d. Specifications - CORRECT ANSWER b. Shop drawings All directions that supplements or differs from the solicitation documents provided by bidders resulting from the pre-bid meeting should be issued to all bidders by _____. a. A modification b. An addendum c. A pre-solicitation notice d. Change order - CORRECT ANSWER b. An addendum What is the Acceptable straight-time time labor charge on a T&M billing, given the following information? Given based labor base rate equals $27 per hour Union fringes equals $11 per hour Contract allowed burden equals 15% Workmen's Comp. equals 10% FUI equals 4% Contract allowed make up on labor equals 20% a. $52.44 b. $59.41 c. $58.82 d. $45.60 - CORRECT ANSWER d. $45.60 The scope of work for the contract includes coordination with other entities, public utilities etc., entities over which neither you or the owner have any control, in order to complete the project. What strategies would be helpful to facilitate getting the necessary utility work done in a timely manner to avoid delays to the contractor? a. Invite representatives from the public utility companies to a pre-construction meeting b. Invite representatives from the public utility companies to attend regular progress meetings and practice on going partners to accomplish required tasks c. Contact utility companies early in the project lifecycle preferably during designed to determine all regulatory requirements, permitting, and provide all design documents and utility requirements d. Call the utility company a week before you need to work install to keep your project movie - CORRECT ANSWER c. Contact utility companies early in the project lifecycle preferably during designed to determine all regulatory requirements, permitting, and provide all design documents and utility requirements A CM is protected from a contractors recovery in tort due to ______. a. A situation involving property damage b. A situation involving physical harm c. The application of the economic loss rule d. The absence of a no-damage-for-delay clause - CORRECT ANSWER d. The absence of a no-damage-for-delay clause What is the absence of a no-damage-for-delay clause? - CORRECT ANSWER This cause generally waves claims for additional compensation for delays on a project. You may be entitled to additional time a specified in the contract but the clause can absolutely prohibit claims for additional compensation. What is the term used to describe work that is not conforming to contract specifications that the contractor must complete prior to the final payment? a. Snag b. Punchlist c. Dispute d. Claim - CORRECT ANSWER b. Punchlist You are the project manager for the At-Risk see him for a project. In reviewing the project specifications, you note that several specification section contain performance criteria. You can mitigate the risk using which financial instruments: a. There is no additional financial instruments require because the "Designer of the record "is solely responsible for the project design b. In addition to normal project insurance requirements, required the tree contractor to provide professional liability insurance Which of the following is a source of CM liability for construction site safety? a. Statutes and regulation imposed by the local building officials issuing the buildings permit b. The agreement between the owner/architect c. Exculpatory language in indemnity clauses d. The CM's action and control of a project - CORRECT ANSWER c. Exculpatory language in indemnity clauses Which of the following factors contributes most to reducing the exposure of the CM's liability related to injured workers? a. The Siems proactive stance towards managing risk-causing activities b. Procurement of proper workers comp, I'm Barela an excess of liability insurance c. Increased regulation by government agencies concerning safety in the workplace d. The CM's performances and handling problems at jeopardize safety - CORRECT ANSWER The agent CM is managing a contract that installs interior finish work for an underground pedestrian tunnel. The concrete shell was constructed under another contract over a year ago. The shell contract specified embeds in the cast- in-place ceilings for hanging all-threads to support chilled water pipes. The finish contractor has discovered that only expansion anchors were installed, which will not support the pipe weight. He proposes a cost change to retrofit embeds using epoxy. The CM learns that the tunnel shell designer approved the shell contractor's submittal for the expansion anchors. Which of the following is the CM's best course of action? a. Issue a change order to the finish contractor for the epoxy embeds. Seek to recover the designer or shell contractor b. Contact the shell designer to design and contrite the repair based on the submittal approval in error c. Contact the shell contractor to retrofit bas - CORRECT ANSWER c. Contact the shell contractor to retrofit based on a latent defect Which of the following is a safety related task during equipment installation? a. Start up/testing b. Lock out/tag out c. Calibration/alignment d. Commissioning - CORRECT ANSWER b. Lock out/tag out The CM observes A subcontractor performing an unsafe act that is immediately life-threatening. The CM notifies the worker to seize the unsafe at, but they refused to comply. The CM should do which of the following things immediately? a. File a safety violation report b. Report the incident to the subcontractor supervisor c. Direct the general contractor to stop the unsafe work d. Direct the general contractor to stop the unsafe work and notify OSHA immediately - CORRECT ANSWER c. Direct the general contractor to stop the unsafe work A parties right to compel reimbursement when it discharges an obligation for which other party would be liable as defined as ____. a. Mutual liability b. Indemnity c. A back charge d. Exculpatory provisions - CORRECT ANSWER b. Indemnity What is back charging? - CORRECT ANSWER A billing made to collect an expense incurred in a previous billing period. It can be due to lack of payment by the recipient of services or goods, and adjustment due to an error or to collect an expense that was not billable until later due to timing issues. What is log out tag out? - CORRECT ANSWER Safety procedure which is used in industry in research settings to ensure that dangerous machines are probably shut off and are not able to be started again prior to the completion of maintenance or repair work. What is exculpatory clause or provision? - CORRECT ANSWER A part of an agreement which relieves one party from liability. It's a provision in the contract which it extends to protect one party from being sued for their wrongdoing or n it's a provision in the contract which it extends to protect one party from being sued for the wrongdoing or negligence. What is indemnity? - CORRECT ANSWER Contacts or obligation of one party to compensate the loss occurred to the other party. When should risk management be applied to the project? a. After development of a risk allocation strategy b. During the design phase c. Throughout the life of the project d. After simply of the project team - CORRECT ANSWER c. Throughout the life of the project An advance risk register usually contains additional fields with specific quantitative definitions and a formula for score in the overall risk. Which of the following would most likely be included in this advanced risk register? a. Frequency score b. Insurance score c. Third-base liability score d. Profitability score - CORRECT ANSWER a. Frequency score Risk Management Chart - CORRECT ANSWER In developing a project risk management plan, the initial major step is to _____ ? a. Perform a risk analysis b. Mitigate the risk c. Manage the risk d. Identify the risk - CORRECT ANSWER a. Perform a risk analysis When performing a Monte Carlo simulation a manual __________ risk event is an event that can occur only if another risk occurs first. a. Cost-to-complete b. Earned value c. Schedule performance d. Schedule variance - CORRECT ANSWER Which of the following terms defined as: a decrease by the owner in the amount of time given to the contractor to complete the job? a. Float b. Acceleration c. Change order d. Excusable delay - CORRECT ANSWER b. Acceleration Which statement addresses the scheduling results desired on a project? a. Specifications of the CPM tools to be utilized. b. Mitigation of time and resources crisis. c. A bar chart that shows the start of a major tasks. d. The date of the earliest possible project completion - CORRECT ANSWER Which of the following scheduling errors prevents the calculation of a forward pass? a. Use of hard logic instead of soft logic b. Unwarranted use of a constraint date c. Negative float d. A logic loop - CORRECT ANSWER A schedule recovery plan from the contractor is required by the CM if _______. a. The owner scope of work changes b. Concurrent contractor in owners delay arise c. Delays occur that are the responsibility of the contractor d. A time extension request is submitted - CORRECT ANSWER A construction schedule provided by the CM in the pre-design phase is intended to _____. a. Define critical activities and the critical path for the project b. Show the subcontractors work activities and duration c. Establish early start, late start, early finish, late finish, and total float for activities d. Show a reasonable estimate of the work sequence and constructibility constraints - CORRECT ANSWER When determining the appropriate scheduling systems and procedures, the CM should consider ______. a. Limiting the complex city of the information based on project resources to maintain the schedule b. project budget available c. Size and complexity of the project d. The client's needs to share information with the public - CORRECT ANSWER When a change order to the construction contract is required, the agency CM should _____. a. Establish fix schedule completion dates for the impact of work b. Request that the contractor update the milestone schedule c. Request a recovery schedule from the contractor d. Request a schedule impacting analysis and cost estimate from the contractor - CORRECT ANSWER In a construction contract, Where not specifically stated, schedule float is owned by the ______. a. CM b. General contractor c. Project d. Owner - CORRECT ANSWER What is the purpose of the pre-bid construction schedule developed by the agency CM? a. It establishes the contractors baseline schedule b. It provides checks and balances used for contractor claims c. It establishes resource criteria for the work d. It helps validate construction durations in contract documents - CORRECT ANSWER The next phase of the project is about to begin. The general contractors CPM® network for the phase is provided. The projected completion date for the phase is seven calendar days beyond the required contract completion. Assuming that the scheduled logic cannot be changed, which of the following activity should be considered critical to developing a recovery schedule? a. FK only b. CD and DK c. DK and FK d. DK only - CORRECT ANSWER What is the duty of the CM when managing time-sensitive work activities? a. To keep the design requisite timeframes. b. To act as the coordinator and catalyst for the activities of all team members. c. To plan and execute the construction on time d. To advise upper management of all potential delays - CORRECT ANSWER The occupancy plan is a means to plan and coordinate the time frame between the construction phase and______. a. Operation/use phase b. Final payment c. Final punch list completion d. Demobilization - CORRECT ANSWER a. Operation/use phase In a see him at risk contract, who develops and controls the schedule? a. General contractor b. Architect c. CM a. If the float is positive in the activity is delayed by. Equal to its total flow, the completion of the project is not delay. b. The float may not be negative. c. If the flood of an activity is negative, delay in its performance will not delay the completion of the project. d. If the float of an activity is zero, the activity is not critical and any delay in its performance will not delay the whole project. - CORRECT ANSWER d. If the float of an activity is zero, the activity is not critical and any delay in its performance will not delay the whole project. The time by which activity completion time can be delayed without affecting the start of succeeding activities, is known as ____. a. Free float b. Duration c. Interfering float d. Total float - CORRECT ANSWER a. Free float The critical path lies along the activities having a _____ Total float. a. Negative b. Minimum c. Zero d. Positive - CORRECT ANSWER c. Zero In the diagram provided, the latest start time of an activity 4-5 is ____ ? a. 8 b. 10 c. 4 d. 2 - CORRECT ANSWER a. 8 In the diagram provided, the critical path is _____. ? a. 1-2-4-3-5-6 b. 1-2-4-5-6 c. 1-2-3-4-5-6 d. 1-2-3-5-6 - CORRECT ANSWER b. 1-2-4-5-6 Based on the baseline schedule provided, what is the early finish for activity H? (See additional resources for a larger image. ) a. 26 b. 33 c. 30 d. 27 - CORRECT ANSWER b. 33 Based on the baseline schedule provided, what is the late finish for activity A? a. 12 b. 8 c. 3 d. 10 - CORRECT ANSWER a. 12 (verify) Based on the baseline schedule provided, what is the late start for activity A? ( See additional resources for a larger image. ) a. 2 b. 1 c. 3 d. 4 - CORRECT ANSWER c. 3 Based on the baseline schedule provided, what is the total float: (TF) for activity E? a. 5 b. 7 c. 8 d. 6 - CORRECT ANSWER d. 6 Monte Carlo Simulation - CORRECT ANSWER Using random numbers to simulate phenomena that has variation. Risk-adjusted project schedule example - CORRECT ANSWER Based on the schedule network diagram provided, on what date can activity P begin? a. March 8 b. March 4 c. March 6 d. March 9 - CORRECT ANSWER Perametric Estimating - CORRECT ANSWER Parametric estimating, a more accurate technique for estimating cost and duration, uses the relationship between variables to calculate the cost or duration. Essentially, a parametric estimate is determined by identifying the unit cost or duration and the number of units required for the project or activity. What is free float? - CORRECT ANSWER Activities that are not on the critical path have a difference between their early start date and their late start date, those activities can be delayed without affecting the project completion date. The float on those activities is what this phrases means. On a PERT chart what is Ta or O? - CORRECT ANSWER Most optimistic/ Optimistic (O) - The activity cost/duration based on an analysis of the best-case scenario for the activity. On a PERT chart what is Tm or M? - CORRECT ANSWER Most Probable/ Most likely (M) - The cost/duration of the activity, based on a realistic effort assessment for the required work and any predicted expenses. On a PERT chart what is Td or P? - CORRECT ANSWER Most Pessimistic/ Pessimistic(P) - The activity cost/duration based on an analysis of the worst-case scenario for the activity. A written plans outlining a project scope, organization and the specific approach of the CM will take to accomplish the various management task. What is analogous estimating? - CORRECT ANSWER .Top-down estimating Using expert judgement and historical information to predict the future Example: The last three projects cost $25k or took six months, and so should this one What is Parametric Modeling? - CORRECT ANSWER Form of estimating using known project characteristics (parameters) in a mathematical equation to arrive at current project cost. Square footage cost, per bed cost, megawatt cost, etc. may all be used in parametric modeling to arrive at conceptual estimate. What is bottom up estimating? - CORRECT ANSWER The technique involves estimating the cost of individual project components and then summing the total of the project component estimates. What is Computerized Estimating? - CORRECT ANSWER Most common method. Computer software system used that have national cost databases embedded within them. Estimator can start by inserting conceptual project info into the computer model and arrive at a conceptual estimate base on the data contained with the software. Strategic Risk Processes - CORRECT ANSWER Employing risk management processes to attain & meet expectations Successful Project -Maximize opportunities - Min. Risk Impacts Added Benefits - Cost Effectiveness - Schedule Control - Contingency management What is risk mitigation? - CORRECT ANSWER Risk mitigation planning is the process of developing options and actions to enhance opportunities and reduce threats to project objectives What is General Conditions? - CORRECT ANSWER Contract conditions, usually included in the book of specifications (or in the accompanying architectural drawings) of a contract, that set the minimum performance requirements for the contractor. These conditions also include the rights and responsibilities of the parties involved. What is implied warranty? - CORRECT ANSWER Manufacture Warranty - Product warranty. Implied warranty is a legal term for the assurances - written or oral - that a product is fit for the purpose intended and is merchantable, i.e., conforms to an ordinary buyer's expectations. The warranty of merchantability is implied, unless expressly disclaimed by name, or the sale is identified with the phrase "as is" or "with all faults." Typical PMP includes the what BASIC COMPONENTS? - CORRECT ANSWER -project description -scope of work -milestone schedule -master schedule -quality management approach -safety management plan -reference to project documents -project organization chart and staffing plan -explanation of roles, responsibilities, and authority of team members. -project budget/ work breakdown structure -sustainability plan -logistics including temporary construction support requirements, i.e. laydowns or marshalling area. -environmental/ archeological considerations. -reference to project procedures manual -management information systems -communications protocol -bid packaging, contracting strategy, and delivery evaluation. -site mobilization and utilization phase -BIM implementation strategy Project Procedures Manual should address what items? - CORRECT ANSWER 1. Cost controls & systems req. for monitoring & controlling project costs. 2. Quality control & quality assurance programs established by the team. How to be implemented. 3. The project schedule. How to be developed, implemented and maintained . 4. Document control & specific project systems, methods & procedures. (example: bidding, payments, change orders, submittals, correspondence, reports, performance records, claim resolution, etc.) 5. Functional responsibilities & limits of authority 6. Correspondence distribution matrix 7. Safety program 8. Check list 9. Meeting list. (Type, frequency) 10. Sample forms to be used 11. Detailed bidding & construction phase procedures 12. Coordination among various prime contractors 13. Sustainability requirements. The project manual clearly defines what items? - CORRECT ANSWER 1. team responsibility 2. levels of authority 3. communication protocol 4 Systems, methods & procedures for project execution Name record system keeping systems that are a COMPREHENSIVE ACCOUNT of the project? - CORRECT ANSWER 1. General correspondence files (in and out) 2. Periodic reports (daily, weekly, monthly) 3. Drawing schedules, submittals (Shop drawings, payments, samples) 4. Transmittals 5.Request for information 6. Request for proposals 7. Change request & authorizations 6. Storage costs that may be necessary 7. Premiums for payment & performance bonds 8. Potential for additional insurance coverage 9. Additional inspection & testing cost 10. Special equip. that may be required to perform the work CHANGE ORDERS with Impact cost what issues should be addressed? - CORRECT ANSWER 1. Changes in the SEQUENCE of work 2. Changes in METHOD 3. Discontinuity of work 4. Premium time incurred to overcome delays 5. Congestion of work area/ Trade stacking 6. Added mobilization & demobilization 7. Impact on other work & other contractors CHANGE ORDERS Large Impact Cost can be determined by? - CORRECT ANSWER 1. Actual cost of identical work performed, "measured mile" approach 2. Reasonable estimate of the work cost if a change had not been encountered compared to the estimate cost of CO job conditions/ compared to the actual cost of work performed if POST PRICING was used. 3. Audit of the contractor's job cost records TIME MANAGEMENT the CM's RESPONSIBILITES summarized. - CORRECT ANSWER CM ensures project team develops 1. Project plan that allows project tot be accomplished in an appropriate span of time. 2. Schedule to both plan & monitor the use of time on project 3. CM guides project team appropriate form & content of project schedule 4. CM acts as the LEADER of the TIME MNGMT & SCHEDULING effort. TIME MANAGEMENT the CM's RESPONSIBLE for what task? - CORRECT ANSWER 1. Developing project schedule. 2. Updating project schedule periodically allowing project team to track, measure and monitor progress against original plan. 3. Updating project schedule to accurately define plan for completion for remaining of work 4. Revising project schedule to reflect changes in scope/ execution plan 5. Reviewing, acceptance of, monitoring schedules, schedule updates, revised schedules prepared & submitted by other project team 6. Monitoring & analyzing the schedule to track project performance relative to time & alert parties to deviation form established plan 7. Project fall BEHIND schedule, recommend MITIGATION action be taken by project team. Bring project back within goals/ recommended revision's. 8. Preparing schedule ANALYSES 9. Advising project team regarding contract provisions related to scheduling/ time extension CONSTRUCTION PHASE the CM agency RESPONSIBILITIES when a GC is managing schedule? - CORRECT ANSWER 1. CM ensures construction contract req. GC to develop/ submit initial schedule for acceptance prior to beginning construction 2. CM monitors GC performance & ensures GC makes timely submission of preliminary schedule 3. If GC fails to submit initial schedule CM informs OWNER makes recommendations to address w/ GC's failure 4. CM reviews schedule upon submission ensure complies w/ contract docs. Makes recommendations to owner for acceptance. 5. If baseline schedule not acceptable by CM within TWO WEEKS, CM makes recommendations to owner how to address. A DELAY could result in GC EXTENTION to original schedule SCHEDULE REVISIONS CM's role - CORRECT ANSWER 1. CM must recognize need for revision to PROJECT PLAN & provide owner w/ Recommendations how to address. 2. Once team recognized revisions needed to plan. CM's responsibilities -CM itself responsible develop schedule w/ subs revisions - CM keeps owner informed - CM reviews submissions - CM shifts focus to revised schedule for project teams performance monitoring. - CM reviews updated schedule. Determines it defines plan for completion of remaining project work. 3. GC req. time extension. CM's verifies in accordance w/ contract provisions. -CM ensures analysis for magnitude of the delay - CM reviews time extension in accordance - CM makes recommendations - At-Risk CM may be allowable by contract for additional time for itself . DESIGN PHASE On-site communication procedures the CM prepares? - CORRECT ANSWER 1. Project directory 2. Communication flow chart 3. Contractor correspondence files 4. Chain of responsibilities & authority 5. Submittal flow chart & logs 6. Field orders 7. Coordination meetings 8. Quality assurance/ quality control 9. Shop drawings 10. Substitutes 11. Directives & reports 12. Cost & schedule performance data DESIGN PHASE, PROJECT SITE MEETINGS - AT-RISK CM purpose of meetings? - CORRECT ANSWER 1. Discuss medium & long range plans for GC 2. Discuss/ resolve scheduling/ coordination problems of or between GC Obtain answers & clarification to any question GC has of the designer/ direction for obtaining info on timely basis. 3. Review & approve monthly payment request 4. Coordinate long lead items procurement 5. Resolve issues brought to group. DESIGN PHASE - contract documentation procedures. CM establishes recording systems for receipt, handling & distribution of the following: - CORRECT ANSWER 1. Contract documents 2. Correspondence w/ GC/ Subs/Specialty vendors/ Stakeholders 3.Request for info 4. Owner's directives 5. Designer's directives 6. Submittal receipt & approvals 7. Changed conditions -Final clean-up required -Owner will perform if required/ CHARGE GC. - Designated staging plan. 5. Means of implementation program. - CM rep addends weekly toolbox meeting w/ agenda - Incorporate safety in weekly meetings. -Safety committee/ inspections w/ GC - Emergency procedures/ #'s -Project bulletin board w/ req. policies - Employees each shift hove first aid/ CPR training - Completion job hazard analysis each critical non-routine activities -Accessible safety program manual -Communication means to upper mngmt - Tracking/ record keeping procedures - Accident investigation 6. Procedures to investigate, document & repot all accidents/ near-misses - Steps to prevent a recurrence - Completion of all reporting paperwork - Proper notification & distribution SAFETY AUDITS the CM conducts what to monitor GC? - CORRECT ANSWER 1. Orientation training 2. Hazard communication training 3. Accident investigations 4. Jobsite inspection 5. Emergency procedures 6. Disciplinary action 7. Safety meetings 8. Overall administration of their safety program PM (PMO) Program Management Office 6 key function areas - CORRECT ANSWER 1. Understand owner's needs/ translate them into capital program. 2. Set project delivery strategy, define project functions, select delivery teams. 3. Control program execution budgets, schedules, procedures, docs & communication 4. Provide status reporting. 5. Collect & institutionalize best practices/ lessons learned. Preliminary budget forming PM role in Procurement includes? - CORRECT ANSWER - Pre-design/ pre-construction support services - Design-Bid-Build, CM -At-risk or Design Build - Owner furnished equip. material, long lead items - Contract pricing strategies: Firm fixed price/ lump sum contracts, unit price contracts. - Property acquisition strategy - Utility relocation strategy. POST-CONSTRUCTION Phase Close-out times CM verifies? - CORRECT ANSWER 1. All construction contract punchlist Issuance of substantial completion 2. Settlement of all changes/ claims 3. Submittals: warranties, operation & maintenance manuals, record dwgs. 4. Acceptable disposition of spare parts 5. Confirmation that permit, right-of-way req. training are complete. 6. Confirmation that grant or funding provisions are satisfied. 7. Confirmation that grant or funding provisions are satisfied. 8. Receipt of signed released form the contractors, issuance of final payment. 9. Demobilization of contractor facilities. SUSTAINABILITY 5 key guiding principles for a sustainable facility? - CORRECT ANSWER 1. Employ integrated design principles. 2. Optimize energy performance. 3. Protect and conserve water. 4. Enhance indoor environmental quality. 5. Reduce environmental impact of materials. RISK MNGMT Name the 3 Risk Mnmnt plan includes: - CORRECT ANSWER 1. Risk identification 2. Risk analysis 3. Risk mngmnt RISK MNGMT the CM follows steps during the following project phases? - CORRECT ANSWER 1. Pre-design 2. Design 3. Procurement 4. Construction 5. Post-construction RISK IDENTIFICATION includes? - CORRECT ANSWER 1. Realistic project assumptions 2. Gather expert judgements 3. Clearly understand risk elements & their impacts 4. View project realistically, not idealistically Name benefits of RISK MNGMNT process? - CORRECT ANSWER 1. Provide disciplined framework for identifying/ mnging risk 2. Help avoid/ reduce large losses/ lessens frequency of smaller losses. 3. Help identify opportunities that become realities/ enhance project delivery. 4. Improves decision making through clarifying responsibly & authorities 5. Supports better understanding for managing risk BIM the CM excepts responsibilities related to BIM process? - CORRECT ANSWER 1. Stay current/ remain educated on BIM process. 2. Educate owner/ project team benefits, features, limitations, implementation process for BIM. 3. Educating own personnel/ project team, CM opportunity to continue leadership role in Project Delivery process w/ appropriated application of BIM BIM Integrator role - CORRECT ANSWER 1. Ensure transition of model form design to construction phase. 2. Maintain central model 3. Bring new Project team members up to speed on BIM objectives/ current model status. 4. Complete transition of model from construction phase to the owner 5. Verify project phases model meets owners BIM req. 6. Assure interoperability between models. Lagging Indicator - CORRECT ANSWER A reactive measure of the effectiveness of a safety program after the facts. Typical indicators - number of incidents, injuries, or days away from work. Private Sector Owners are subject to what guidelines? - CORRECT ANSWER applicable federal, state, and local regulations. Example: building codes, zoning restrictions, and environmental requirements, Advantage of Private Sector? - CORRECT ANSWER owners are able to procure project teams through relationships based on prior experience or other business motives. What is P3s? - CORRECT ANSWER Public-Private Partnerships (P3s). What is a One-time builder? - CORRECT ANSWER Entities that will rarely develop a project to meet their business needs. What is Repeat Builders? - CORRECT ANSWER Entities that, in order to support their core business functions, are required to build on a regular basis to expand or renovate a building portfolio Differences between Repeat Builders and One=time builders - CORRECT ANSWER Resources Level of Sophistication What organization is IFMA? - CORRECT ANSWER International Facilities Management Association What are some unique capabilities a CM must understand? - CORRECT ANSWER The needs of each owner their proposed facility in order to provide the customized services that best satisfy the needs of the owner. Project Delivery Method - CORRECT ANSWER System designed to achieve satisfactory completion of a construction project form conception to occupancy. What are the different delivery methods - CORRECT ANSWER 1. Traditional Approach or Design-Bid-Build (D-B-B) 2. Multiple-Prime Contracting (Multi-Prime) 3. Construction Management-at-Risk (CM-at-Risk) 4. Design-Build (D-B) 5. Integrated Project Delivery (IPD) A CM -at-Risk can also be referred to as - CORRECT ANSWER CM/ independent contractor CM/ GC CM GMP (Guarantied Maximum Price) What is an analogous estimate - CORRECT ANSWER Top down comparison from similar type previous project. Not as accurate. Mobilization payment - CORRECT ANSWER Mobilization costs represent pre- contract costs incurred by a contractor to prepare a job site before the actual commencement of the contract. These costs can include administrative costs such as licensing, securing permits, etc. An owner who is unfamiliar with construction hires you as the agency construction manager late in the design phase. The owner is renovating their only facility, which is a 10,000 square foot building that is 150 years old. The original drawings from 150 years ago are unavailable. The lead designer recommended a 30% construction contingency, but the owner is very nervous about costs and asks for your recommendation. Your FIRST action is to: - CORRECT ANSWER a. Conduct an analogous estimate. b. Review the design team's work. c. Consult a standard cost index. d. Hire an outside cost estimator. A design-bid-build project is ready to begin the procurement process, but the owner is worried about receiving unbalanced bids. The owner also wants to avoid delays and disputes. Which of the following will BEST accomplish the owner's goals? - CORRECT ANSWER a. If any bids are unbalanced, reject all bids and rebid the project b. Reject the apparent low bidder if the bid appears unbalanced c. Allow the apparent low bidder to rebalance if the bid appears unbalanced d. Include a mobilization payment line item in the bid form