Construction contracts Study guides, Class notes & Summaries

Construction Contracts Midterm Questions With Correct Answers.

Construction Contracts Midterm Study Guide (A+ Graded already)

Construction Contracts Test Questions with All Correct Answers Contract Types: Lump-Sum - Answer-contractors agrees to perform a stipulated job of work in exchange for a fixed sum of money extra costs are taken out of contractors pocket be sure and have contingency funds owners prefer Contract Types: Unit-Price - Answer-based on estimated quantities of defined items of work and costs per unit amount of each of these work items total sum of money paid to contractor for each wor...

acts of godEvents 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 AccelerationAn increase in the pace of construction as a result of a specific directive from the owner AddendaFormal changes or clarifications issued to all identified bidders by the owner or the owner's representative during the bidding period. Additional workconstruction work that was not r...

AFSB 152 - The Institutes Practice Exam Questions and Answers 2023 Lansing Construction Company completed major jobs including road grading, bridges, and base and paving work. Which one of the following types of contractors is Lansing? • Heavy and highway construction • General Engineering contractor • General Building contractor • Design/build contractor - Correct Answer-Heavy and highway construction The project owner for a new shopping plaza being built in Highville is the Hig...

Construction Contracts Final Test Questions and Answers A Grade What construction-related measures can be used to describe the strength of the U.S. economy? - Answer-New Housing starts Land permits Interest Rates Unemployment rates What type of project might be ideally suited for the design-construct or design build method? - Answer-Large scale complex projects that have lots of subcontractors working on the project. This method may be used to fast track. What are the 5 elements of a...

CSLB CONTRACTOR'S EXAM PRACTICE QUESTIONS AND ANSWERS LATEST UPDATE 2023-2024. Which act establishes the rights of workers to organize into unions and negotiate contracts? - Answer National Labor Relations Act of 1935 A contractor has had a problem with employees stealing tools and equipment from job sites. When conducting job interviews, may the contractor ask prospective employees about their arrest records? A. It is legal to ask prospective employees about arrests not leading to convi...

Construction Contracts Midterm 2 Quizzes & Ans!!

LARE EXAM 1()Questions and Answers 100% CorrectLARE EXAM 1()Questions and Answers 100% CorrectLARE EXAM 1()Questions and Answers 100% CorrectLARE EXAM 1()Questions and Answers 100% Correct Outline the business relationships between the three principal parties that are involved in a landscape construction project (Their obligations) - ANSWER1. Owner/ client - initiate the project ; signs separate contracts for completion, & responsible for funding design & construction 2. Contractor - hired ...

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....