Florida General Contractor Construction Project Management 2

Question 1

In the critical path method (CPM), what does 'total float' represent for an activity?

Accepted Answer

The amount of time an activity can be delayed without delaying the project completion date

Answer

Total float is the time an activity can slip without pushing out the project's finish date.

Question 2

A schedule of values submitted with a payment application primarily serves to:

Accepted Answer

Break the contract sum into line items so progress payments can be measured

Answer

The schedule of values allocates the contract sum to work items so percentage completion can be billed.

Question 3

Which document typically defines how change orders are priced and approved on a Florida commercial project?

Accepted Answer

The general conditions of the contract

Answer

The general conditions establish the change order procedures, pricing, and approval process.

Question 4

Retainage is best described as:

Accepted Answer

A percentage of each progress payment withheld until the work is satisfactorily completed

Answer

Retainage is money held back from payments as security for completion of the work.

Question 5

On a CPM network, an activity with zero total float is located on the:

Accepted Answer

Critical path

Answer

Activities with zero float lie on the critical path and directly control project duration.

Florida General Contractor Practice Test