CRC Project Planning & Scheduling 3

Question 1

Which contract type places the greatest financial risk on the contractor if costs exceed estimates?

Accepted Answer

Lump sum (fixed price)

Answer

Under a lump sum contract the contractor bears all cost overrun risk since the price is fixed regardless of actual costs.

Question 2

What is the purpose of a pre-construction meeting with subcontractors?

Accepted Answer

To align all parties on schedule, site rules, and communication procedures

Answer

Pre-construction meetings establish expectations for schedule, safety, coordination, and communication before work begins.

Question 3

Which scheduling constraint requires a successor activity to start no earlier than a specified date, regardless of predecessor completion?

Accepted Answer

Start-no-earlier-than (SNET)

Answer

A Start-No-Earlier-Than constraint forces the activity to wait until a defined calendar date before it can begin.

Question 4

When scheduling inspections, a contractor should order them so that:

Accepted Answer

Each inspection is scheduled only after the preceding required inspection is passed

Answer

Building codes require inspections in sequence; work cannot be covered until the relevant inspection is approved.

Question 5

A 'look-ahead schedule' in residential construction typically covers what time horizon?

Accepted Answer

Two to six weeks

Answer

Look-ahead schedules (typically 2–6 weeks) provide short-term planning detail to coordinate crews and materials in the near term.

(CRC) Certified Residential Contractor Practice Test