CNST 2341 fInal Questions With 100% Correct Answers!!

`serve as one point of responsibility to who? - the owner `The 3 method of payment are ? - 1. Lump Sum 2. Unit price 3. Cost Plus `total float or simply "float" is also referred to as a what - "slack" `With OCIPs and CCIPs the disadvantages of the programs includes what? - increased administration burden by the owner or contractor `With Sole Proprietorship type of business entity, any debt that exceeds the company's assets must what? - Be paid for with private the owner. A certificate of occupancy - is a document issued by a local government agency or building department certifying a building's compliance with applicable building codes and other laws, and indicating it to be in a condition suitable for occupancy. A disadvantage for corporation is that profits are what? - Taxed twice. Corporate and individual level A fully perfected lien (alien that satisfied all the required steps by the statue ) is like a what? - mortgage on a property. Act of god - for insurance purposes, are defined as events that occur through natural causes and could not be avoided through the use of caution and preventative measures. Actual Damages - Difficult to calculate$/Day reflects good faith at the time of executing the contract. Addenda - Bidding Requirements Contract Form Contract Conditions Specifications Drawings AIA 201 3.18 Indemnification 3.18.1 - Contractor shall hold the owner not liable for any harm done by him and shall compensate for any harm loss arising out of or resulting from any extent caused by the neglect or omission of the Contractor or any representative for the contractor is held liable. AIA 201 3.18 Indemnification 3.18.2 - The person at fault from the contractors or subcontractors side has a claim on them then, they are liable to the indemnification obligation under 3.18.1 shall not be limited by a limitation on amount of type of damages. All critical pathe will have zero free float; however, what? - Not all activities with zero float are critical Although an Owner is not responsible for the Subcontractors and Subcontracts, the work of the subcontractor must what? - Be approved by a representative of the owner