BCM Bachelor of Construction Management MCQ 4

Question 1

What is the function of a retainage provision in a construction contract?

Accepted Answer

To withhold a percentage of payment as security for project completion

Answer

Retainage (typically 5-10%) is withheld from each payment to ensure the contractor completes all work and corrects deficiencies before receiving full payment.

Question 2

Which construction scheduling technique identifies the longest sequence of dependent tasks that determines project duration?

Accepted Answer

Critical Path Method (CPM)

Answer

CPM calculates the longest path of dependent activities from project start to finish, identifying which tasks are critical and cannot be delayed without extending the project.

Question 3

What is the purpose of a shop drawing in the construction process?

Accepted Answer

To detail how specific materials and systems will be fabricated and installed

Answer

Shop drawings are prepared by subcontractors and suppliers to show exactly how they plan to fabricate and install specific elements, requiring architect/engineer review and approval.

Question 4

In construction project management, what does a 'change order' accomplish?

Accepted Answer

It formally modifies the contract scope, cost, and/or schedule

Answer

A change order is a written amendment to the construction contract that formally documents changes to scope, price, and time agreed upon by the owner, contractor, and often the architect.

Question 5

Which type of construction insurance protects against claims of bodily injury or property damage caused to third parties during construction?

Accepted Answer

Commercial general liability (CGL) insurance

Answer

CGL insurance covers claims from third parties (not employees) for bodily injury or property damage arising from the contractor's operations.

BCM - Bachelor of Construction Management Practice Test

BCM - Bachelor of Construction Management Practice Test

BCM Bachelor of Construction Management MCQ 4