DBIA Test Latest(2024/2025) Questions and Answers 100% Correct.
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Course
DBIA
Institution
DBIA
contract requirements are clearly definable and minimal risk of unsuccessful contract performance;
suitable for commodities or simple service; proposers do the minimum for the pass/fail process;
impedes thinking creatively or creating the best team; little practical ability for an owner to ever f...
DBIA Test
contract requirements are clearly definable and minimal risk of unsuccessful contract performance;
suitable for commodities or simple service; proposers do the minimum for the pass/fail process;
impedes thinking creatively or creating the best team; little practical ability for an owner to ever fail
someone - Lowest Price Technically Acceptable (LPTA)
A contractor may opt to speed up a project due to an excusable or unavoidable delay caused by weather,
deliveries or change orders. The contractor may choose to file a claim for damages if the extra time is
warranted but not given and the contractor had to incur extra expenses to complete the work on time. -
Constructive Acceleration
A common law rule holding that when an injury is purely economic, and arises from a contract made
between two businesses, the injured party may only sue under a contractual claim (privity of contract) -
Economic Loss Doctrine
A contractual agreement that defines the
roles, responsibility, considerations, and
partnerships of two or more organizations
that works together in a project. It's not unlike
a partnership or subcontractor relationship - teaming agreement
A legal concept that makes each partner in a partnership legally liable for all the acts of the joint venture
- Joint and Several Liability
, a legally created remedy for someone who has been wrongfully harmed by another - tort law
A process that lists the advantages of options and helps quickly identify the options with the most
advantages. This process avoids the double counting inherent in listing pros and cons when in one option
is also the con in another. - Choosing by advantages (CBA)
a specific business need or behavior as seen by an external user of the system; describe what
functions/operations the end product must perform/accommodate; examples: regulatory, permitting,
economic, and others that define functions and operational capability. "Build an office building on my
existing lot to provide office space for 1,000 workers" - functional requirement
a subjective measure for evaluating a project that is hard to measure; this is determined through the
design process, not after the project is completed - design value
amount of $$ added to the estimate to cover risks associated with the unknown - contingency
an objective measure for evaluating a project that is easy to measure - design quality
arise from the consequences of a breach; often "big" damages that are hard to prove, difficult to manage
or predict, and typically involve damages to third parties; create substantial financial exposure if
something goes wrong - Consequential Damages
award full points to lowest price and assign points proportionally to the other proposers - price
score
award of a reasonable sum of money (i.e. "what the claimant deserved") - quantum meruit
award what was reasonably expected from the contract - Expectation Damages
based on use of precedent; arbitration and mediation results don't provide direct precedent -
common law
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