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CM 4221 Materials Management questions and answers 2025
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CM 4221 Materials Management questions and answers 2025
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CM 4211 All QuizzesSchneider questions
and answers 2025
With strict liability proof of fault is unnecessary - answer True
The three sources of liability are contract, tort, and strict - answer
False
Apparent authority must be the same as expressed authority for it
to be valid - answer False
A third-party beneficiary relationship must be intended. - answer
True
Privity is the existence of a contractual relationship - answer True
Consideration is always measured in money - answer False
An unconditional agreement with an offer is an acceptance - answer
True
An offer is a conditional willingness to enter into a contract - answer
False
A Louisiana requirement for a contract is consent legally given -
answer True
,A Louisiana requirement for a contract is a certain object. - answer
True
Most negotiated contracts use a cost-plus fee arrangement. -
answer True
A cost-plus-percentage fee contract encourages the contractor to
hold down costs - answer False
Cost-plus-fixed fee contracts encourages the contractor to finish
quickly - answer True
A prime contract is any contract in which one of the parties is the
contractor - answer False
The traditional approach is for the owner to have one contract with
a design-build company - answer False
If an owner contracts with an A/E for design services, the A/E is the
owner's agent in that contract - answer False
Fast-track construction works especially well in a design-build
approach - answer True
A fixed price contract holds more risk for the contractor than a cost-
plus contract - answer True
In an AIA standard form contract, if there is any bias it is in favor of
the owner. - answer True
, The completed bid form is the offer. - answer True
Threshold red flag clauses need to be addressed before starting
estimating on a project - answer True
A limited waiver of sovereign immunity is important on private (non-
governmental) projects. - answer False
The changes clause usually gives the owner the unilateral right to
make changes to the contract. - answer True
The absence of a DSC clause is advantageous to the contractor. -
answer False
Usually, an owner may terminate a contract for convenience -
answer True
Contractors prefer a limited list of excusable delays in the contract.
- answer False
The time provisions in a construction contract are usually measured
in calendar days - answer True
There is an implied obligation for the owner to provide access to the
construction site - answer True
A "variation-in-quantities" clause may be included in a unit-price
contract - answer True
An "escalation" clause may be included in a short-term, lump sum
contract - answer False
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