CCM Project Delivery Methods and Procurement 2

Question 1

What is a key advantage of the CM at-Risk delivery method from the owner's perspective compared to traditional Design-Bid-Build?

Accepted Answer

The CM provides preconstruction services and cost input during design, improving constructability

Answer

CM at-Risk allows the CM to collaborate with the design team during preconstruction, identifying cost and schedule risks early before they become expensive change orders.

Question 2

A 'bridging' design approach is used in which project delivery method to balance owner control of design intent with contractor flexibility?

Accepted Answer

Design-Build

Answer

In Design-Build bridging, the owner's designer develops schematic or design-development documents that establish intent, then the Design-Builder completes and builds from them.

Question 3

What is the purpose of a pre-qualification process in construction procurement?

Accepted Answer

To screen contractors for technical capability, financial strength, and experience before bidding

Answer

Pre-qualification filters the bidder pool to firms that meet minimum standards of experience, bonding capacity, and safety record, reducing risk of contractor default.

Question 4

In a Public-Private Partnership (P3) project delivery model, who typically provides the long-term project financing?

Accepted Answer

The private sector entity under the concession or availability payment agreement

Answer

In P3s, the private partner typically arranges and bears the project financing, recouping investment through revenue (tolls, fees) or government availability payments over the concession term.

Question 5

What is the primary purpose of a bid bond submitted with a construction bid?

Accepted Answer

To guarantee the bidder will enter into a contract and furnish required bonds if awarded

Answer

A bid bond assures the owner that if the bidder wins but refuses to execute the contract or provide performance/payment bonds, the surety will cover the owner's loss up to the bond penalty.

(CCM) Certified Construction Manager Practice Test

(CCM) Certified Construction Manager Practice Test

CCM Project Delivery Methods and Procurement 2