DBIA EXAM 3 LATEST 2023-2024 ACTUAL EXAM 200
QUESTIONS AND CORRECT DETAILED ANSWERS
WITH RATIONALES (VERIFIED ANSWERS) |ALREADY
GRADED A+
What 3 categories are the Best Practices organized into? - answer-1. Procurement
2. Contracting
3. Execution
If these Best Practices are NOT implemented, there is an increased _____ that the project's performance
will be _____ and that some or all of the stakeholders will be _____. - answer-- probability
- compromised
- disappointed.
_____ and _____ contracts are fundamental to any delivery process. - answer-- Fair
- Clear
Contracting principles apply to contracts of those working within the _____ _____ - answer-DB Team
This chapter has ___ Best Practices and ___ Implementing Techniques. - answer-- 3
- 18
Contracts used on DB projects should be _____, _____, and _____ and should promote the _____
aspects inherent in the DB process. - answer-- fair
- balanced
- clear
- collaborative
,The contract between the _____ and the ______ _____ should address the _____ aspects of the DB
process, including expected standards of care for design services. - answer-- Owner
- Design-Builder
- unique
The contracts between the _____ _____ and _____ _____ should address the _____ aspects of the DB
process. - answer-- Design-Builder
- Team Members
- unique
Design-Build Done Right is the _____ of every DBIA certification course! - answer-core
What are the 4 types of law? - answer-1. Contract Law
2. Tort Law
3. Statutes and regulations
4. Common Law
_____ Law is based on the use of precedent. - answer-Common
Arbitration and mediation results don't provide direct _____. - answer-precedent
_____: a party offers to contract with one another. - answer-Offer
_____: a party accepts the other party's offer. - answer-Acceptance
_____: value exchanged for performance. - answer-Consideration
_____: the party making the contract must be legally able to do so - answer-Capacity
, _____: the individual forming the contract must have authority to do so - answer-Authority
What are the 5 requirements for a valid contract? - answer-1. Offer
2. Acceptance
3. Consideration
4. Capacity
5. Authority
Offers must demonstrate an expression of _____ to contract on certain terms. - answer-willingness
The response to an RFP is an example of a(n) _____. - answer-Offer
What 2 things can nullify an offer? - answer-1. Varying/additional terms
2. Counteroffers
Oral contracts can be valid.
True or False? - answer-True
Oral contracts can be valid on what 2 requirements? - answer-1. Material terms of contract are clearly
established.
2. Parties demonstrate intention to be bound by those material terms
_____ ______ contracting rule makes it very difficult to create an Oral contract. - answer-Public Sector
_____ _____ _____ mandates that certain types of contracts be written. - answer-Statute of Frauds
What is an example of a contract that the Statute of Frauds mandates to be written? - answer-contracts
that are impossible to complete within one year
The benefits of buying summaries with Stuvia:
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
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
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 Settings. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $17.99. You're not tied to anything after your purchase.
