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CM 1011 Final exam review Questions with 100% Actual correct answers | verified | latest update | Graded A+ | Already Passed | Complete Solution

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CM 1011 Final exam review Questions with 100% Actual correct answers | verified | latest update | Graded A+ | Already Passed | Complete Solution

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  • June 26, 2024
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  • 2023/2024
  • Exam (elaborations)
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  • cm 1011 final exam review questions with 100 actu

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CM 1011 Final exam review
Entry-level CM's are seldom, if ever, used to keep up with RFI's. - ANS-False

Managing the many changes on a project is one of the contract administration functions. -
ANS-True

Submittals are totally different that RFI's. - ANS-False

The schedule of values represents the owner's budget. - ANS-True

One of the least important contract administration functions is the contractor getting paid on
time. - ANS-False

A claim can only be made after the project is complete. - ANS-False

The first task in contract administration is to create a contact list for every single person
associated with the project. - ANS-True

A project may go forward without paperwork. - ANS-False

Major subcontractors and vendors do not need to attend pre-construction meeting. - ANS-False

Once a progress payment is received by the prime contractor it is obligated to promptly pay its
subcontractors and vendors. - ANS-True

One of the many reasons for a pre-construction meeting is to clarify the lines of authority and
communication. - ANS-True

Arbitration can be more expensive than litigation - ANS-True

Surplus materials belong to the owner - ANS-True

A project is considered totally complete even if paperwork has not been delivered to the owner. -
ANS-False

The need for a clear and accurate paper trail in construction is paramount. - ANS-True

Liquidated damages is an agreed upon amount per day for the project finishing late. - ANS-True

Partnering is a concept involving only the owner and prime contractor. - ANS-False

, Contract administration is all about managing the business details and relationships. - ANS-True

The pre-construction meeting should include discussion about schedule issues. - ANS-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. - ANS-True

Retainage is an amount retained by the owner from progress payments as a penalty for
mistakes made by the contractor. - ANS-False

A change order adjustment amount does not include general overhead and profit. - ANS-False

Summary schedules group activities under broader headings such as mobilization, site work,
foundation, and rough framing. - ANS-True

Gantt charts are also known as network diagrams. - ANS-False

Each time number in a network diagram represents a calendar day, not a work day. - ANS-False

Detailed schedules do not break major work activities down into smaller tasks. - ANS-False

The primary tool associated with project planning is the estimate. - ANS-False

Some production activities do not actually require any physical effort. - ANS-True

The three stages of a precedence diagram schedule are planning, sequencing, and scheduling.
- ANS-True

The critical path never changes. - ANS-False

Predicting durations is an exact science. - ANS-False

Administrative activities include permitting, submittals, inspections, and testing. - ANS-True

Sequencing of activities is not the same as network logic. - ANS-False

An activity is a task, function, or decision that has a time commitment, or duration, associated
with it. - ANS-True

Part of network logic is answering the question: Which activities can be started once this activity
is completed? - ANS-True

The big advantage to Gantt chart schedules is that they are very easy to understand. -
ANS-True

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