Exam (elaborations)
2024 DBIA EXAM 3 WITH CORRECT ANSWERS
- Course
- Institution
2024 DBIA EXAM 3 WITH CORRECT ANSWERS
[Show more]
Content preview
2024 DBIA EXAM 3 WITH CORRECTANSWERS
What 3 categories are the Best Practices organized into? - CORRECT
ANSWERS-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 _____. - CORRECT ANSWERS-- probability
- compromised
- disappointed.
______: The act of accepting claims on behalf of another entity. - CORRECT
ANSWERS-Indemnification
The contract should reflect that Designer-of-Record is regularly and actively
involved throughout the project's _____. - CORRECT ANSWERS-execution
Work Product is property of the _____ _____. - CORRECT ANSWERS-Design-
Builder
Contracts should contain a _____ process that facilitates and expedites the
review and resolution of potential changes to the contract and adjustments
in the contract price and time. - CORRECT ANSWERS-fair
DB process does not preclude changes
True or False? - CORRECT ANSWERS-True
an Implementing technique for Execution recommends the Design-Builder
and its team to establish and maintain a _____ system. - CORRECT ANSWERS-
trend
Disincentives are enforceable only if they meet _____ damage prerequisites. -
CORRECT ANSWERS-Liquidated
Legal sufficiency for Liquidated Damages: must be a reasonable measure of
damages in light of circumstances after the time of the contracting
,True or False? - CORRECT ANSWERS-False
AT the time of the contracting
_____ and _____ contracts are fundamental to any delivery process. -
CORRECT ANSWERS-- Fair
- Clear
Contracting principles apply to contracts of those working within the _____
_____ - CORRECT ANSWERS-DB Team
This chapter has ___ Best Practices and ___ Implementing Techniques. -
CORRECT ANSWERS-- 3
- 18
Contracts used on DB projects should be _____, _____, and _____ and should
promote the _____ aspects inherent in the DB process. - CORRECT
ANSWERS-- 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. - CORRECT ANSWERS-- Owner
- Design-Builder
- unique
The contracts between the _____ _____ and _____ _____ should address the
_____ aspects of the DB process. - CORRECT ANSWERS-- Design-Builder
- Team Members
- unique
Design-Build Done Right is the _____ of every DBIA certification course! -
CORRECT ANSWERS-core
What are the 4 types of law? - CORRECT ANSWERS-1. Contract Law
2. Tort Law
3. Statutes and regulations
4. Common Law
_____ Law is based on the use of precedent. - CORRECT ANSWERS-Common
, Arbitration and mediation results don't provide direct _____. - CORRECT
ANSWERS-precedent
_____: a party offers to contract with one another. - CORRECT ANSWERS-Offer
_____: a party accepts the other party's offer. - CORRECT ANSWERS-
Acceptance
_____: value exchanged for performance. - CORRECT ANSWERS-Consideration
_____: the party making the contract must be legally able to do so - CORRECT
ANSWERS-Capacity
_____: the individual forming the contract must have authority to do so -
CORRECT ANSWERS-Authority
What are the 5 requirements for a valid contract? - CORRECT ANSWERS-1.
Offer
2. Acceptance
3. Consideration
4. Capacity
5. Authority
Offers must demonstrate an expression of _____ to contract on certain terms.
- CORRECT ANSWERS-willingness
The response to an RFP is an example of a(n) _____. - CORRECT ANSWERS-
Offer
What 2 things can nullify an offer? - CORRECT ANSWERS-1.
Varying/additional terms
2. Counteroffers
Oral contracts can be valid.
True or False? - CORRECT ANSWERS-True
Oral contracts can be valid on what 2 requirements? - CORRECT ANSWERS-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.
- CORRECT ANSWERS-Public Sector
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 Elitaa. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $14.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
78252 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now