CMIT Exam Study Questions & Answers | 200 Questions with 100% Correct Answers | Verified | Latest Update | 65 Pages

CMIT Exam Study Questions & Answers | 200 Questions with 100% Correct Answers | Verified | Latest Update | 65 Pages
Question: A CM's role and responsibilities are governed
solely by the Owner/CM Agreement.
Correct answer: True
Question: There are two basic forms of CM, agency and atrisk. Each form provides for the basic services of construction
management practice. However, there are some key
differences. Which of the following do not apply to both CM
forms?
A) Both forms provide advice to the owner on
constructibility, budget and the schedule.
B) Both require that the liabilities and risks assumed by the
parties be clearly understood, coordinated, and stated in the
respective contracts.
C) Both forms allow the CM to function in an advisory role
for the entire engagement of the CM.
D) Services can vary based on the contractual relationships of
the parties and the risks that are assumed.
Correct answer: C) Both forms allow the CM to function in
an advisory role for the entire engagement of the CM.

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