100% Free CMAA Construction-Manager Practice Test Questions

Question 1

The contract documents normally require which party/parties to coordinate the transfer of spare parts and warranties to the owner?

A : CM

B : Regulatory agencies

C : CxA

D : Designer

Answer: A

Question 2

The general contractor on a $1.2 billion terminal at an airport finds out that, due to supply chain issues, there is a 60% risk that they will not be able to get steel onsite for 10 weeks. The late start date of steel installation is four weeks away. Such a delay would cost the owner $75,000 per week to recover. What is the expected monetary value of risk?

A : $270,000

B : $450,000

C : $1.2 million

D : $2.7 million

Answer: D

Question 3

The general contractor on a $1.2 billion terminal at an airport finds out that, due to supply chain issues, there is a 60% risk that they will not be able to get steel onsite for 10 weeks. The late start date of steel installation is four weeks away. Such a delay would cost the owner $75,000 per week to recover. What is the expected monetary value of risk?

A : $270,000

B : $450,000

C : $1.2 million

D : $2.7 million

Answer: D

Question 4

The general contractor on a $1.2 billion terminal at an airport finds out that, due to supply chain issues, there is a 60% risk that they will not be able to get steel onsite for 10 weeks. The late start date of steel installation is four weeks away. Such a delay would cost the owner $75,000 per week to recover. What is the expected monetary value of risk?

A : $270,000

B : $450,000

C : $1.2 million

D : $2.7 million

Answer: D

Question 5

Which of the following contract types limits the potential incentive to increase profit through increasing contract costs?

A : Time and materials

B : Unit price

C : Cost plus fixed fee

D : Cost plus a percentage of cost

Answer: C

100% Free Construction-Manager Practice Exam Questions and Answers