Exam (elaborations)
CCM EXAM QUESTIONS AND ANSWERS
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CCM EXAM QUESTIONS AND ANSWERS
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CCM EXAM QUESTIONS AND ANSWERSWhat does commercial general liability cover? - Answers -Bodily injury, property
damage and false advertsing
What is a FORMAL DEMAND for compensation by the contractor? - Answers -Claim.
The phrase formal demand is what separates this from a change order.
If a structure is being built on a former brown field site. What type of insurance coverage
should the CM recommend? - Answers -Pollution Legal Liability Coverage
What is a cost plus contract? - Answers -A contract that covers project costs and
contractor markup. Aka time and materials.
Why do owners like cost plus GMP agreements? - Answers -The time of performance is
reduced.
T/F, One purpose of the general conditions is to provide a procedure for executing
changes in the work scope in a fair and equitable manner? - Answers -True
What project delivery method puts the most risk on the owner? - Answers -Multi Prime
What does substantial completion Mean? - Answers -The project is ready for occupancy
in accordance with its intended purpose.
If a contractor defaults in construction performance and a performance bond is used
who pays for a new contractor or compensated the owner? - Answers -The surety
company
What is the purpose of public building statutes? - Answers -Protect public funds
Ensure continuation of free enterprise
Where should project dimensions, manufacturing conventions and special fabrication
instructions be included? - Answers -Shop Drawings
A contingency amount of 15% would be most appt at which phase of a project? -
Answers -Design
What is the formula for earned value in an earned value analysis? - Answers -EV = % of
project complete * project budget
What is the formula to calculate CPI (Cost Performance Index)? - Answers -CPI =
EV/actual cost
, Does a CPI ratio higher than 1 indicate that the project is doing well or not? - Answers -
Well
What takes into account capital operating and maintenance costs to verify that the most
effective design solution has been achieved? - Answers -Value engineering analysis
What would be considered an impact cost when estimating change orders? - Answers -
Changes in sequence of work
What estimating technique is used during the conceptual phase of design, utilizing
actual costs from similar, previously performed projects? - Answers -Analogous
estimating
A derived performance model that can be generated from a cost loaded schedule is a? -
Answers -Cash flow curve
A cost which is very difficult if not impossible to capture accurately through a change
order is known as what type of cost? - Answers -Impact
What type of estimate is performed regularly during the construction phase? - Answers -
Progress estimate
When the CM performs forward pricing, what factor should be considered when
evaluating production rates? - Answers -Labor agreements
At the pre design stage of a project what should the normal expected design
contingency that an estimator should add to the total estimated construction costs? -
Answers -15%-25%
The project cost management system should best be aligned with which of the
following: CSI Format, CPM, WBS, GMP - Answers -WBS (work breakdown structure)
The dollar and time amount allocated by the owner for a project is defined as: - Answers
-A budget
A CMs response to an owner's request for qualifications and/or proposal can be
incorporated into the agreement between the owner and CM to: - Answers -Identify the
scope and quality of services the CM is to provide.
When the owner assigns risk to the CM, the CM has fiduciary responsibility to what
party or parties? - Answers -The owner only
What is the term used to describe work that is not conforming to contract specs that the
contractor must complete prior to final payments? - Answers -Punchlist
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