CMIT ACTUAL EXAM WITH 200 CORRECT VERIFIED AND REVISED QUESTIONS ANDANSWERS (GUARANTEED A+)

CMIT ACTUAL EXAM WITH 200 CORRECT VERIFIED AND REVISED QUESTIONS ANDANSWERS (GUARANTEED A+) The CMAA Construction Management Standards of Practice is intended as a guide to the range of services that constitute professional construction management. They seek to meet the documented need for definitions of what construction management services are, without unduly structuring the methodologies by which those services are provided by the CM. – ANSWER True A CM's role and responsibilities are governed solely by the Owner/CM Agreement. True False – ANSWER True There are two basic forms of CM, agency and at-risk. Each form provides for the basic services of construction management practice. However, there are some key differences. Which of the following do not apply to both CM forms? A) Both forms provide advice to the owner on construction ability, budget and the schedule. B) Both require that the liabilities and risks assumed by the parties be clearly understood, coordinated, and stated in the respective contracts. C) Both forms allow the CM to function in an advisory role for the entire engagement of the CM. D) Services can vary based on the contractual relationships of the parties and the risks that are assumed. – ANSWER C) Both forms allow the CM to function in an advisory role for the entire engagement of the CM. Construction management had its beginnings in the early to mid1960's. Which of the following factors contributed to the initial use of this delivery system? A) The need to reduce the overall time and cost associated with project delivery. B) The increasing cost of money and the unpredictability of project funding streams. C) The changing role of the general contractor and the increasing numbers of specialty trade contractors. D) All of the above. – ANSWER D) All of the above. The General Services Administration was the first federal agency to use construction management. – ANSWER True The General Services Administration, the Department of Health, Education and Welfare (now HHS), and the Veterans Administration ran into similar difficulties in the use of construction management. Which of the following was/were common problems for all three agencies? A) Funding restrictions B) Claims C) Change conditions D) All of the above – ANSWER D) All of the above In cases where a project is extended in duration for reasons beyond the control of the CM, it is imperative that the CM agreement address: A) How changes in scope and additional services will be handled. B) Extended CM services. C) The cost of additional services. D) All of the above – ANSWER D) All of the above The cost reimbursement method of compensation is one of the most commonly used forms of CM compensation associated with agency CM. True False – ANSWER True Under a GMP contract, with services provided by a CM-at-Risk, which of the following statements is NOT true? A) The GMP is usually established on less than 100% complete drawings and specifications. B) It is important that the phrase Guaranteed Maximum Price be clearly defined in the contract regarding what it includes and excludes. C) With a GMP type CM agreement, the CM is responsible for all costs associated with the project. D) Once a GMP for construction costs is established, the CM takes on the risk for completing the project. - ANSWERC) With a GMP type CM agreement, the CM is responsible for all costs associated with the project. CMAA was formed and incorporated 1982 with its primary focus being the growth and development of the construction management profession. – ANSWER True