BCM Trivia 3

Question 1

What is the purpose of a 'surety bond' in construction?

Accepted Answer

To guarantee contractor performance and payment obligations

Answer

A surety bond is a three-party agreement where the surety guarantees to the owner that the contractor will fulfill its contractual obligations.

Question 2

The 'earned value' (EV) in project management represents:

Accepted Answer

The budgeted cost of work actually performed

Answer

Earned value equals the planned (budgeted) cost of the work that has actually been completed, enabling cost and schedule performance measurement.

Question 3

What does 'substantial completion' mean in a construction contract?

Accepted Answer

The project is sufficiently complete for the owner to use it for its intended purpose

Answer

Substantial completion is the stage where the work is complete enough that the owner can occupy or use the facility, though minor items may remain.

Question 4

In construction, OSHA's 'fall protection' standard for general industry requires fall protection at heights exceeding:

Accepted Answer

4 feet

Answer

OSHA's 29 CFR 1910.23 requires fall protection in general industry when workers are exposed to falls of 4 feet or more.

Question 5

Which delivery method combines design and construction services under a single contract?

Accepted Answer

Design-Build

Answer

In Design-Build, a single entity is responsible for both design and construction, reducing coordination gaps and often accelerating schedules.

BCM - Bachelor of Construction Management Practice Test