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NEW QUESTION # 132
Which bond is returned to contractors who submit unsuccessful proposals?
Answer: A
Explanation:
A bid bond (Option B) is submitted as part of the contractor's proposal and is returned to unsuccessful bidders after the selection process.
Why Option B is Correct?
* A bid bond guarantees that the contractor will enter into the contract if selected.
* If the contractor fails to sign the contract, the bond is forfeited.
* Unsuccessful bidders receive their bid bonds back after the award decision.
* IFMA's Project Management Core Competency highlights contractor selection and financial guarantees as key FM responsibilities.
Why Other Options Are Incorrect?
* Option A (Performance Bond): Guarantees project completion but is only required from the winning contractor.
* Option C (Retention Bond): A portion of the contractor's payment is withheld until project completion, but this does not apply to unsuccessful bidders.
NEW QUESTION # 133
You are the Facility Manager for an international internet technology company. You are charged with retrofitting an old warehouse space on your corporate campus to office space for software designers. What basic features for the new office space would you recommend the architect include in the retrofit design?
Answer: B
Explanation:
For a technology-focused office retrofit, the design must enhancecollaboration, connectivity, and security.
The correct answer includes:
* Open, colorful meeting spacesto foster creativity and teamwork.
* Redundant internet connectivityto ensure reliability for high-performance computing.
* Increased security measuresto protect intellectual property.
* Why the other options are incorrect:
* (A) Minimal traffic flow and density considerationsdo not prioritize tech work needs.
* (B) Private offices with minimal windowsrestrict collaboration and natural lighting.
* (D) Public transportation is valuable, but minimal decor and high density are not key prioritiesfor a software workspace.
NEW QUESTION # 134
Who implements the strategic facility plan?
Answer: B
Explanation:
TheFacility Manageris responsible forimplementing the Strategic Facility Plan (SFP), ensuring alignment with corporate goals while managing infrastructure, operations, and services.
* Strategic Facility Planning (SFP)involves:
* Assessingcurrent and future space needs
* Aligning facility operations withorganizational objectives
* Ensuring compliance withbudget constraints and regulations
* Coordinating withvendors, contractors, and internal stakeholders
* Why the other options are incorrect:
* (A) Operations Managersoversee daily functions but do not handle long-term strategy.
* (C) Chief Financial Officers (CFOs)focus on financial oversight rather than facility execution.
* (D) Chief Operations Officers (COOs)have a broader corporate scope, not direct facility management responsibilities.
Facility managers bridgestrategic planning with operational execution, ensuring that facility assets support business continuity and efficiency.
NEW QUESTION # 135
You work for a company that provides facility management services for a bank. The bank wants your company to demonstrate its commitment to continuous improvement in service delivery. How can you demonstrate to the bank your commitment to continuous improvement?
Answer: B
Explanation:
Continuous improvement in facility management is best demonstrated throughmeasurable performance indicators. The most effective way to formalize this commitment is by includingcontinuous improvement indicators in the Service Level Agreement (SLA).
* Service Level Agreements (SLAs)define performance expectations, response times, maintenance schedules, and key performance indicators (KPIs) related to continuous improvement.
* By incorporating KPIs into the SLA,facility managers ensure that the organization is held accountable for ongoing enhancements in service quality, cost efficiency, and innovation.
* Finding out what other banks do (Option A)is a good research approach but does not directly demonstrate commitment to continuous improvement.
* Writing to the bank (Option B)is a weak demonstration of commitment because it lacks measurable actions.
* Asking the bank for requirements (Option D)shifts responsibility onto the client instead of proactively managing service improvements.
NEW QUESTION # 136
What are intentional, accidental, or natural disasters called?
Answer: D
Explanation:
Intentional, accidental, or natural disasters are classified as "threats" (B).
* Threats refer to potential risks that can disrupt business continuity, including natural disasters, cyber-attacks, and human-caused incidents.
* Why not other options?
* (A) "Situations" is too broad and does not specifically indicate risk or danger.
* (C) "Casualties" refers to the aftermath (injuries or fatalities) rather than the event itself.
* (D) "Warnings" are preemptive alerts, not the disasters themselves.
NEW QUESTION # 137
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