Professional Practice Flashcards

1
Q

One service that the CM provides to society is protection public health, welfare, and safety. T/F

A

True

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2
Q

The CCM Certification represents to the client that the CM has these qualifications, EXCEPT:

A

Ability to construct higher quality buildings than other construction managers

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3
Q

A system of principles that govern acceptable behavior is defined as:

A

Ethics

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4
Q

“I will not knowingly violate any law, statue, or regulation in the performance of my professional services” is a statement from which section of the Code of Ethics?

A

Public Welfare

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5
Q

The “Standards of Practice” code of ethics states, “I will furnish my services in a manner consistent with the established and accepted standards of the profession and with the laws and regulations, which govern its practice.” T/F

A

True

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6
Q

“I will provide my services with competence, using (appropriate) reasonable care, skill and diligence consistent with the interests of my client and the applicable standard of care” is a statement from which section of the Code of Ethics?

A

Client Services

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7
Q

“A professional service that can be applied to all delivery systems where the CM acts as the owner’s principal agent in the management of a construction project or program” is a partial definition of:

A

Agent Construction Management

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8
Q

“A process where competence, capability, relevant experience, and past performance are given primary consideration in the evaluation and selection of a service provider” is a definition of:

A

Qualifications Based Selection

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9
Q

Program management is the use of integrated systems and procedures by the project team to accomplish design and construction. T/F

A

False

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10
Q

The principal difference between project management and program management is the size and scope of projects, and the range of services provided. T/F

A

True

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11
Q

Project and program management both utilize integrated systems and procedures. T/F

A

True

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12
Q

If the owner rejects the CM’s GMP, the owner must continue to employ the CM as an agent. T/F

A

False

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13
Q

If the owner accepts the GMP, the CM must ensure the owner understands that the CM is no longer functioning as the owner’s agent, and is now functioning as a vendor/contractor. T/F

A

True

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14
Q


In an agency relationship, the CM works for the best interest of the:

A

Owner

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15
Q

With this delivery system, the CM assists and advises the owner prior to construction, guarantees the maximum price for construction, and holds sub-contractors responsible during construction.

A

CM at-Risk

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16
Q

Fixed fees are based on the perceived scope of services. T/F

A

True

17
Q

Cost reimbursement may create conflicts of interest between the CM and client. T/F

A

False

18
Q

Cost reimbursement requires comprehensive bookkeeping. T/F

A

True

19
Q

CMs must provide enforcement of their contracts – fair, firm, and fast – regardless of the delivery method employed. T/F

A

True

20
Q

Monitoring systems for complying with laws and regulations must be established, effective, reliable and updated regularly. T/F

A

True