What does project control system begin with? A) Project standards B) Comparison of the actual performance with planned performance C) Adjustment of project standards D) Measurement of actual project performance What is the risk to the owner of using singled fixed price? A) If the scope of the project changes or if errors exist in the documentation, the contracts may need to be renegotiated. B) If estimated quantities are significantly different from the reality of the situation, the owner might bear greater financial commitment than planned. C) By using Guaranteed Maximum Price (GMP), the project costs can be capped, but the quality and scope may be sacrificed. D) All the above Question 4 ( 2 points) Which of the following is NOT one of the most popular delivery methods? A) Design-Bid-Build B) Design-Build C) Construction Project Management D) Integrated Project Delivery Which of the following is/are included in the, Code of Ethics by Construction Management Association of America. (Please select the best choice) A) I will serve my clients with honesty, integrity, candor, and objectivity. B) 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. C) I will endeavor to avoid conflicts of interest. D) I will avoid actions which promote my own self-interest at the expense of the profession, and I will uphold the standards of the construction management professional with honor and dignity. E) All the above Who determines the project scope, schedule, and budget? A) Owner B) Design Professional C) Constructor D) None of the above Which type of contractual arrangement would be best used when a project is difficult to define accurately up front? A) Singled fixed price B) Unit price C) Cost plus a fee D) None of the above