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1. The general contractor on a $1.2 billion terminal at an airport finds out that, due to supply chain issues, there is a 60% risk that they will not be able to get steel onsite for 10 weeks. The late start date of steel installation is four weeks away. Such a delay would cost the owner $75,000 per week to recover. What is the expected monetary value of risk?
A) $450,000
B) $1.2 million
C) $2.7 million
D) $270,000
2. A written safety program should include all applicable laws, codes, and regulations, and must
A) be developed by the CM.
B) be a shared responsibility with the project team.
C) meet the contractual requirements.
D) be approved by the Owner.
3. Which of the following would MOST likely help provide benchmarking for a sustainable project?
A) Energy Star program
B) Environmental Protection Agency
C) Department of Transportation
D) Housing and Urban Development
4. When the CM assists the owner in prequalifying, evaluating, or screening potential contractors, especially as it relates to safety programs, the CM should evaluate the contractor's lost time frequency rate; lost time severity average; OSHA 200; OSHA 300; experience modification rate; and an up-to-date list of any OSHA citations issued to them in the last three years, including the disposition of each citation. This is important because:
A) a contractor with a poor safety record may increase the owner's risk and worker compensation costs.
B) extensive documentation is required to demonstrate sufficient due diligence.
C) a contractor with a poor safety record is likely to be a low bidder.
D) contractors only monitor safety if they understand the owner's emphasis on safety.
5. A construction manager is responsible for the bid review and evaluation of an $85 million high school project.
All bids must be submitted in person at the clients Purchasing Office by 1:00 PM EST and stamped by the CM's team. While preparing for the bid opening, the CM noticed that one of the contractor's bids was submitted a day earlier to a new clerk, but was date and time stamped after the bids were due. What should the CM do in this situation?
A) Put the contractor's unopened bid in tight security until the bid opening has been completed.
B) Include the unopened bid. since it clearly was an oversight.
C) Inform the Owner and review the instructions to bidders for guidance on how to proceed.
D) Send the bid back to the contractor and apologize for the mishap.
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: C | Question # 3 Answer: A | Question # 4 Answer: A | Question # 5 Answer: C |
Hugh
Larry
Mortimer
Ralap
Tim
Zebulon
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