Construction contracts - Study guides, Class notes & Summaries

Construction Contracts Midterm Set Test Questions And Verified Solutions This term means the management or handling of the business relations between parties to a contract - ANSWER : contract administration This term refers to a much broader responsibility of relating to all project-related functions between the parties to a contract - ANSWER : construction administration Project delivery system is defined as... - ANSWER : an approach to building the project team. an organization...

CMIT Exam (200 multiple choice) Questions with Verified Answers A CM's role and responsibilities are governed solely by the Owner/CM Agreement. True False - CORRECT ANSWER True There are two basic forms of CM, agency and at-risk. Each form provides for the basic services of construction management practice. However, there are some key differences. Which of the following do not apply to both CM forms? A) Both forms provide advice to the owner on constructibility, budget and the schedule....

Construction Contracts by Hinze Exam Questions And 100% Correct Answers...

Construction Contracts & Law Exam Questions And 100% Correct Answers...

this term means the management or handling of the business relations between parties to a contract - CORRECT ANSWER-contract administration this term refers to a much broader responsibility of relating to all project-related functions between the parties to a contract - CORRECT ANSWER-construction administration project delivery system is defined as... - CORRECT ANSWER-an approach to building the project team. an organizational concept which assigns specific responsibilities and authoriti...

Construction parties owners- analysis, financing -(realty personnel for the parcel of land on market) -designer, a report describes the program requirements - construction docuemtn -contructors contructing procedures General contract method, separate contracts, self-performance, design-build, professional construction management method construction management at risk (CM at risk)

A CM's role and responsibilities are governed solely by the Owner/CM Agreement. True False - True There are two basic forms of CM, agency and at-risk. Each form provides for the basic services of construction management practice. However, there are some key differences. Which of the following do not apply to both CM forms? A) Both forms provide advice to the owner on constructibility, budget and the schedule. B) Both require that the liabilities and risks assumed by the parties be clearly...

Construction Contracts 2024 Test Questions with Correct Answers Construction parties - Answer-owners- analysis, financing -(realty personnel for the parcel of land on market) -designer, a report describes the program requirements - construction docuemtn -contructors contructing procedures - Answer-General contract method, separate contracts, self-performance, design-build, professional construction management method construction management at risk (CM at risk) General contract m...

Construction Contracts Final Exam Prep Questions And Correct Answers...

Construction Contracts UPDATED Exam Questions and CORRECT Answers acts of god - Ans Events causing a project delay that are not caused by the owner or the contractor. Such delays often result in adjustments to the contract duration but not the contract amount. Actual Acceleration - Ans An increase in the pace of construction as a result of a specific directive from the owner Addenda - Ans Formal changes or clarifications issued to all identified bidders by the owner or the owner's ...