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Chapter 17 (1). Questions & 100% Verified Correct Answers with complete solutions (Latest update

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Chapter 17 (1). Questions & 100% Verified Correct Answers with complete solutions (Latest update

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  • August 5, 2024
  • 2
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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Chapter 17
False. Interim financing cost are included in the project cost. - ANS-True/False: A brief payment
processing period will increase interim financing costs incurred by the contractor.

False. The schedule of values is a written list in tabular form of the value amounts relating to the
activities of work, associated with he appropriate monetary amounts for each activity. -
ANS-True/False: The schedule of values is a timetable upon which progress payments are
based.

True. - ANS-True/False: Many owners will assign a percentage of the contract amount to the
punch list, usually from one to five percent.

True. - ANS-True/False: The total of the schedule of values is the contract amount.

True. - ANS-True/False: If an uneven distribution of the costs is anticipated when projecting
project cash flow, splitting the work activity into segments might be advisable.

b. 5 or 10 - ANS-Varying amounts of retain age are held by owners, usually ________ percent.

a. 2 or 5
b. 5 or 10
c. 10 or 15
d. 15 or 20

b. Estimate summary - ANS-The ________ is a written list in tabular form of the value amounts
relating to the activities of work, associated with appropriate monetary amounts for each activity.

a. Schedule of values
b. Estimate summary
c. Progress schedule chart
d. Project projection

b. Punch list - ANS-The ________ is a list of items that must be completed or repaired prior to
final completion of a project.

a. Estimate summary
b. Punch list
c. Schedule of values
d. Project projection

d. Lazy-S - ANS-The crash flow curve is normally a(n) "________" curve.

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