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AFSB 152 - Complete Practice Exam(fully solved)
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AFSB 152 - Complete Practice Exam(fully solved)
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AFSB 152 -Complete
Practice
Exam(fully
solved)
Clark Construction was hired as the general
contractor for a large residential housing
development. The general contractor must
coordinate the work of
Each subcontractor for completing its part of
the project.
3 multiple choice options
The party that directly benefits from the
additional security of knowing that the
contractor has satisfied the surety's
comprehensive prequalification review is the
Project owner.
,3 multiple choice options
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Hadley Construction operates as a general
building contractor. General building
contractors engage in general building
construction, which can be broken down into
Commercial, industrial, residential, and
public work.
3 multiple choice options
Which one of the following describes what
happens if there are gaps or omissions in the
construction plans and specifications when
,they are offered in the competitive bid
process, and they are discovered after the
construction begins?
The project owner must pay additional money
to the contractor in the form of change
orders during the course of construction.
3 multiple choice options
The practice in which a contractor bills the
project owner more than its cost for items
that occur in the early phases of the contract
and then bills correspondingly less for items
that occur in later phases is called
Front-loading.
3 multiple choice options
An assurance that results from the
performance bond guarantee and benefits
the construction-project owner is
The significant financial assurance, beyond
the contractor's financial resources, that the
contractor will fulfill all contract terms.
3 multiple choice options
In construction contracts, the critical path
method
Ensures that work is completed in a logical
sequence and that the project is completed
, within the time budget specified in the
contract terms.
2 multiple choice options
Ridge Construction constructs locks and
dams, power plants, large bridges, sewage
and water treatment plants, utilities, and
similar projects. Ridge Construction is a
General engineering contractor.
3 multiple choice options
To prevent problems when contracting work
outside of the contractor's usual geographic
area, the contractor may need to
Recruit local help or acquire a joint-venture
partner to facilitate the project.
3 multiple choice options
Payments to the general contractor are
usually made
Each month, after the architect reviews and
certifies the requests for payment.
3 multiple choice options
One can find the responsibilities of all parties
to a construction project in which one of the
following documents?
The construction contract
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