Multiple Choice
Which of the following is true of a GMP contract?
A) GMP is the same as a lump sum bid
B) The contractor passes all costs to the owner up to a predetermined maximum
C) The owner assumes all project risk
D) The construction manager assumes all project risk
E) None of the above
Correct Answer:
Verified
Correct Answer:
Verified
Q25: One major difference between equipment and material
Q26: A (An) ????clause is issued during a
Q27: Which of the following are the three
Q28: The construction manager is responsible for submitting
Q29: One advantage of a Design/Bid/Build delivery method
Q31: Match the letter in the project control
Q32: Owner involvement is highest during which project
Q33: Site selection and financing would usually be
Q34: The construction manager prepares a ???? estimate
Q35: Which of the following would be considered