Exam (elaborations)
CCCM Exam With Latest Solutions 2024
Course
CCCM - Certified Commercial Contract Manager
Institution
CCCM - Certified Commercial Contract Manager
CCCM Exam With Latest Solutions 2024
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October 2, 2024
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2024/2025
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cccm exam with latest solutions 2024
what does commercial general liability cover
what is a formal demand for compensation by the co
if a structure is being built on a former brown fi
Institution
CCCM - Certified Commercial Contract Manager
Course
CCCM - Certified Commercial Contract Manager
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CCCM Exam With Latest Solutions 2024
What .does .commercial .general .liability .cover? .- .correct .answer.Bodily .injury, .property
.damage .and .false .advertsing
What .is .a .FORMAL .DEMAND .for .compensation .by .the .contractor? .- .correct
.answer.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? .- .correct .answer.Pollution .Legal .Liability .Coverage
What .is .a .cost .plus .contract? .- .correct .answer.A .contract .that .covers .project .costs .and
.contractor .markup. .Aka .time .and .materials.
Why .do .owners .like .cost .plus .GMP .agreements? .- .correct .answer.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? .- .correct .answer.True
What .project .delivery .method .puts .the .most .risk .on .the .owner? .- .correct .answer.Multi
.Prime
What .does .substantial .completion .Mean? .- .correct .answer.The .project .is .ready .for
.occupancy .in .accordance .with .its .intended .purpose.
What .is .the .term .used .to .describe .work .that .is .not .conforming .to .contract .specs .that .the
.contractor .must .complete .prior .to .final .payments? .- .correct .answer.Punchlist
A .CM .is .protected .from .a .contractor's .recovery .in .tort .due .to .what? .- .correct .answer.The
.economic .loss .rule
A .contractor .submits .a .payment .requisition .for .certification .by .the .CM. .The .schedule .of
.values .contains .a .new .item .for .a .change .order .that .was .submitted .but .has .not .been
.approved .by .the .owner. .What .should .the .CM .do? .- .correct .answer.Reject .the .entire
.payment .requisition .and .require .resubmission
What .are .the .5 .key .principals .of .sustainability? .- .correct .answer.1. .Integrated .design
.principles .
2. .Optimize .energy .performance .
, 3.Protect .and .conserve .water
4. .Enhance .indoor .environmental .quality
5. .Reduce .environmental .impacts .of .materials
Name .two .pros .of .design-bud-build .(hard .bid) .- .correct .answer.1. .Typically .lower .costs
2. .Most .straightforward
Name .three .cons .of .design .bud .build .- .correct .answer.1. .May .reduce .quality .due .to .lowest
.cost .subs .and .materials
2. .Longer .due .to .completing .design .before .construction .can .begin
3. .No .architect/contractor .collaboration. .Design .needs .to .be .very .well .done.
What .is .the .term .for .sum .of .money .the .contractor .agrees .to .pay .for .project .delays? .-
.correct .answer.Liquidated .damages
What .is .the .term .used .to .determine .how .best .to .meet .the .necessary .function,
.performance .and .reliability .of .a .project .at .minimum .life .cycle .cost? .- .correct .answer.Value
.Engineering
When .are .addenda .issued? .- .correct .answer.Before .the .contract .is .signed
What .term .is .used .to .define .a .detailed .written .description .of .the .project .requirements? .-
.correct .answer.Specification
What .legal .encumbrance .can .a .contractor .use .to .secure .payment .after .the .work .has .been
.completed? .- .correct .answer.Lein
In .the .event .of .a .default .in .construction .performance, .the .owner .has .rights .under .what
.document? .- .correct .answer.Performance .bond
If .a .contractor .defaults .in .construction .performance .and .a .performance .bond .is .used .who
.pays .for .a .new .contractor .or .compensated .the .owner? .- .correct .answer.The .surety
.company
What .is .the .purpose .of .public .building .statutes? .- .correct .answer.Protect .public .funds .
Ensure .continuation .of .free .enterprise
Where .should .project .dimensions, .manufacturing .conventions .and .special .fabrication
.instructions .be .included? .- .correct .answer.Shop .Drawings
A .contingency .amount .of .15% .would .be .most .appt .at .which .phase .of .a .project? .- .correct
.answer.Design
What .is .the .formula .for .earned .value .in .an .earned .value .analysis? .- .correct .answer.EV .=
.% .of .project .complete .* .project .budget