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CM 1011 Final Exam Questions and Answers
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CM 1011 Final Exam Questions and Answers
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CM 1011 Final ExamThe pre-construction meeting should include discussion about schedule issues - Answer -True
One of the reasons for a pre-construction meeting is to clarify the lines of authority and communication
- Answer -True
The two key process tools used to track all inquiries, decisions, and approvals that occur during
construction are the requests for information (RFI) and submittals - Answer -True
The first task in contract administration is to create a contact list for every single person associated with
the project - Answer -True
The need for a clear and accurate paper trail in construction is paramount - Answer -True
The schedule of values represents the owner's budget - Answer -True
Partnering is a concept involving only the owner and prime contractor - Answer -False
A change order adjustment amount does not include general overhead and profit - Answer -False
Arbitrations can be more expensive than litigation - Answer -True
, A time extension is a contract adjustment used when a monetary adjustment is not owed - Answer -
False
Liquidated damages is an agreed upon amount per day for the project finishing late - Answer -True
Submittal's are totally different than RFI'S - Answer -False
A project may go foward without paperwork - Answer -False
A project is considered totally complete even if paperwork has not been delivered to owner - Answer -
False
Surplus materials belong to the owner - Answer -True
Managing the many changes on a project is one of the contract administration functions - Answer -True
Retainage is a penalty amount kept by the owner. - Answer -False
Contract Administration is all about managing the business details and relationships - Answer -True
One of the least important contract administration functions is the contractor getting paid on time -
Answer -False
The contractor selects the contract form - Answer -False
Steel beams are an example of a construction product that requires a shop drawing - Answer -True
Meeting minutes are unnecessary if it is a meeting of the owner's construction representative and
superintendent - Answer -False
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