Final answer:
True. In Construction Management (CM) contracts, one firm is retained to coordinate all activities from concept design through acceptance of the facility.
Step-by-step explanation:
True. In Construction Management (CM) type contracts, one firm is indeed retained to coordinate all activities from concept design through acceptance of the facility. This is a common practice in the construction industry, particularly for large-scale projects.
For example, in a CM contract, an experienced construction management firm may be hired to oversee the entire project, including managing the design team, coordinating with subcontractors, handling procurement, monitoring budget and schedule, and ensuring quality control throughout the construction process.
By having a single firm in charge, the project can benefit from increased efficiency, better communication, streamlined decision-making, and overall coordination to achieve the desired outcome.