A contract manager is preparing a monthly report for the CEO on a large capital project. The CEO needs to understand potential cost overruns and schedule delays. Which set of information is most useful for this purpose?

The number of RFIs submitted and answered this month

A list of all approved change orders and their impact on the budget and schedule

The original contract value and current payment applications

The names of all subcontractors on the project

Which contractual arrangement is most likely to create communication gaps between the designer and the contractor?

Construction Manager at Risk (CMAR)

Integrated Project Delivery (IPD)

A contract manager is preparing for the closeout of a project. The contractor has submitted a final payment application, but there are outstanding punch list items. The contract states that final payment is due upon completion of all punch list items. What is the most appropriate action?

Pay a portion of the final payment and release the contractor from further obligations

Issue a notice of default and terminate the contract

Pay the full final payment and rely on the warranty

Withhold final payment until the punch list items are completed

Why is it important to include innovation and technology requirements early in the RFI/RFP process?

To eliminate the need for a detailed scope of work

To reduce the number of bidders

To ensure that proposed solutions align with project goals and encourage modern approaches

To comply with mandatory government regulations

PMIConstruction Professional (PMI-CP)

Domain 1Objective 4

Mange the Contract Lifecycle Effectively PMI-CP Practice Questions (Page 1)

Part of the Contracts Management domain, which accounts for 50% of the PMI-CP exam.

34questions here

7free pages

8concepts

50%of the exam

8 Concepts in This Objective

Contract lifecycle stages
Lean Integrated Project Delivery (IPD) and IFOA principles
Key contract clauses in built environment contracts
Delivery method and contract structure selection
Delivery methods and contract structures comparison
Innovation and technology in tendering
Communication gaps from contractual arrangements
Supporting senior leadership in contract management

Questions 1–5

1foundation · easy
Which contract clause typically specifies the process for handling changes to the scope of work, including documentation and pricing?
Select an answer first
2application · medium
A contract manager is preparing a monthly report for the CEO on a large capital project. The CEO needs to understand potential cost overruns and schedule delays. Which set of information is most useful for this purpose?
Select an answer first
3foundation · easy
Which contractual arrangement is most likely to create communication gaps between the designer and the contractor?
Select an answer first
4expert · hard
A contract manager is preparing for the closeout of a project. The contractor has submitted a final payment application, but there are outstanding punch list items. The contract states that final payment is due upon completion of all punch list items. What is the most appropriate action?
Select an answer first
5foundation · easy
Why is it important to include innovation and technology requirements early in the RFI/RFP process?
Select an answer first

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