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NEW QUESTION 29

The following question requires your selection of CCC/CCE Scenario 28 (3.7.50.1.7) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses.
An unbalanced bid methodology can best be used by:

• A. Contractor working directly for engineer (plan A or B)
• B. Subcontractor working for contractor (Plan A or B)
• C. Engineer working for the owner (Plan A)
• D. Engineer/contractor working for the owner (Plan B)

Answer: D

NEW QUESTION 30
An effort by a prime contractor to reduce the price quoted by a vendor, by providing the bid price to other vendors in an attempt to get the other vendors to underbid the original price quoted is referred to as:

• A. Negotiating a best and final offer
• B. Cost-price analysis
• C. Costing
• D. Bid shopping

Answer: D

NEW QUESTION 31
____________is defined as the earned work hours or dollars for all accounts divided by the budgeted work hours or dollars for all accounts.

• A. Earned value
• B. Cost to complete
• C. Forecast
• D. Percent complete

Answer: D

NEW QUESTION 32
A major theme park is expanding the existing facility over a five-year period. The design phase will be completed one year after the contract is awarded. Major engineering drawings will be finalized two years after the design contract is awarded and construction will begin three years after the award of the design contract. New, unique ride technology will be used and an estimate will need to be developed to identify these costs that have no historical data.
The project scheduler left the company and has left unfinished work. You have been hired as the new project scheduler and must update the existing schedule. What will be your first task?

• A. Recalculate the early start for each activity
• B. Recalculate the critical path
• C. Recalculate the early finish for each activity
• D. Update the remaining duration for each activity

Answer: B

NEW QUESTION 33
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