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CNST 302 Test 2 |100 Questions| With Verified Solutions!!
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CNST 302 Test 2 |100 Questions| With Verified Solutions!!
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Name: Score:40 Multiple choice questions
Term 1 of 40
Does the inclusion of a liquidated damages clause in a contract enable the contractor to recover
damages from the owner who has caused undue and costly delays to the progress of the
project?
True
False
Term 2 of 40
Contractors have to be qualified for all private and public projects.
True
False
Term 3 of 40
Can contractors customarily recover loss of profit from their insurance companies?
True
False
Term 4 of 40
The owner can elect any amount or a percentage of the total contract sum as a provision for
liquidated damages
True
False
, Term 5 of 40
Why do contractor and A-E professional societies oppose owner designated sureties?
Payroll
It is laborious to meet requirements of every new surety
Military
Contingent liability
Term 6 of 40
Inclusion of a liquidated damages clause in a contract prevents the owner from recovering its
actual damages, even where the actual damages suffered by the owner exceed the amount of the
liquidated damages provision.
True
False
Term 7 of 40
On publicly funded projects, payment bond is often the only way to provide a level of protection
for subcontractors and suppliers because ______.
A lien cannot be filed against public property
Contingent liability
Differing bonding requirements
Some defects show up in more than one year
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