Cmit Exam (200 Multiple Choice)

The primary advantage of the fixed price or lump sum contract is that bids should be taken on contract documents that are only 50% complete. True False {Ans: False}Under a cost plus fixed fee arrangement for CM compensation, the reimbursable expenses usually include: A) The costs of all job-site personnel, staff relocation costs, travel and living expenses of jobsite staff. B) The costs of all job-site material, equipment, communications, vehicles, fees paid, reproduction, postage, computer, and any other reasonable field office-related expenses. C) The use of home office personnel who may be involved in purchasing, expediting, scheduling, estimating, or other direct project-related tasks. D) All of the above {Ans: D) All of the above}Usually Dispute Review Board recommendations are not binding upon the parties, but recommendations of the DRB are generally accepted. True False {Ans: True}The CMAA A-4 document requires the designer to periodically visit the site to become generally familiar with the progress and quality of the work. True False {Ans: False}If it becomes apparent that the contractor's schedule will not be met and it is due to the fault of the contractor, the contractor must agree to increase the number of employees to regain