100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
CNST 2341 Final || Questions and 100% Verified Answers. $12.99   Add to cart

Exam (elaborations)

CNST 2341 Final || Questions and 100% Verified Answers.

 7 views  0 purchase
  • Course
  • CNST 2341
  • Institution
  • CNST 2341

AIA 201 3.18 Indemnification 3.18.1 correct answers 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 contrac...

[Show more]

Preview 3 out of 26  pages

  • August 4, 2024
  • 26
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • CNST 2341
  • CNST 2341
avatar-seller
FullyFocus
CNST 2341 Final || Questions and 100% Verified Answers.
AIA 201

3.18 Indemnification

3.18.1 correct answers 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 correct answers 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.

Indeminify correct answers to compensate for harm loss

`The 3 method of payment are ? correct answers 1. Lump Sum
2. Unit price
3. Cost Plus

Lump Sum correct answers Single payment made at a particular time

Unit Price correct answers The cost per unit

Cost Plus correct answers relating to or denoting a method of price , a service or a product in
which a fixed profit factor is added to the costs

Name the 4 methods there is to deliver a project in the construction industry: correct answers 1.
Design/Bid/Build
2. Design/Build
3. Turn Key
4. Construction Management

Design/Bid/Build correct answers a project delivery method in the agency or owner contracts
with separate entities for the design and construction method.

Design/Bid correct answers A method to deliver a project in which design and construction
services are contracted by a single entity known as the design-builder or design-build contractor.

Turn Key correct answers of or involving the provisions of a complete product or service that is
ready for immediate use

,Construction Management correct answers a professional service that uses specialized project
management techniques to oversee the planning, design, and construction of a project from
beginning to end.

Sub-Contract correct answers A contract in which one party involves a third part to carry on a
portion of its responsibilities.

expressed contract correct answers a contract in which all the terms are clearly expressed .

Implied Contract correct answers A contract in which NOT all the terms are clearly expressed

Joint correct answers A contract in which a number of individuals are represented as one party
and forgiveness of any individual by plaintiff implies forgiveness of the rest of the individuals
making that party

Several correct answers A contract in which a number of individuals are represented as one party
but forgiveness of any individual by the plaintiff does not imply forgiveness of the rest of the
individuals making that party .... plaintiff can select and choose

MLA Format correct answers (Header)_ LastNamePage#
Name
Professor
Class Course
Date
Title

Contract correct answers is an agreement to do or not to do certain thing...

For any contract to be enforceable in a court of law it must have the following 4 elements of
legally enforceable contracts: correct answers 1. Capacity to contract
2. Legal Subject Matter
3. MUTUAL CONSENT
4. CONSIDERATION

The Four Corners rule correct answers is a contract law doctrine "the meaning of a document is
tyo be gathered from the entire (all four corners) Document

It is a commonality is to sign Subcontracts when what? correct answers The completion stops to
avoid erosion of our position.

The 2 conditions for ending a contract are: correct answers 1. Performance of the contract
2. Termination of the contract

Substantial Completion correct answers The completion at which the owner can use the project
for its intended purpose.

, Termination for convenience: correct answers - contractual right given to the owner but
contractor is paid for work in place
- To end the contract at no fault of the contractor

Termination for convenience right is usually exercised when? correct answers 1. Owner faces
financial problems
2. The need for the project is eliminated

Termination for Default: correct answers It is a contractual right given to the owner to end the
contract because of contractor's breach (violation) of contract terms.

Termination for Default entitles the owner to : correct answers - withholding all money due to
contractor
- seizing contractor's material and equipment on site
- holding contractor liable for increased costs

Types of Damages: correct answers Compensatory Damages
Liquidated Damages
Actual Damages

Compensatory Damages correct answers To compensate for losses incurred by the non-
breaching party and place it back in the same economical position prior to the breach.

Liquidated Damages correct answers - Unique to construction contracts
- They compensate the owner for losses due to late completion of the project caused by
contractor
- $/Day for everyday past the contract completion date

Actual Damages correct answers Difficult to calculate
$/Day reflects good faith at the time of executing the contract.

Liquidated Damages are not what? correct answers a penalty or an element of intimidation

Design-Bid-Build First 2 rows correct answers owner
architect , general contractor ,and construction Lender

General Contractor usually perform ______ of the total scope of work; the rest is performed by
the subcontractors correct answers 0 - 20%

`serve as one point of responsibility to who? correct answers the owner

One of the GC functions are to Facilitates Interpretation of documents for who? correct answers
The Subs

One of the GC functions are to coordinate the work and the schedule to what? correct answers
Ensure timely completion of the project

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller FullyFocus. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $12.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

66579 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$12.99
  • (0)
  Add to cart