Construction contracts Study guides, Class notes & Summaries

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 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)

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 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 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 ...

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...

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 Highville Municipal Property Company. The role of the project owner at the ...

Construction Contracts Midterm Questions With Correct Answers.

Construction contracts 2024 Exam Questions and Answers All Correct What is a contract? - Answer-An agreement between two or more parties/persons to perform or not to perform some acts and it must be enforceable by law What is retention money? - Answer-Payment for a service or product that is withheld pending the completion of some specified condition What is included in the contract documents in Hong Kong? - Answer-1. Articles of agreement 2. Tender 3. Acceptance of tender 4. Drawings...

COSC 275 Exam 1 Palmer Questions and Answers fully solved 2023 Estimating: The process of determining the anticipated cost of materials, labor, and equipment of a proposed project. Take-off: The process in which detailed lists are compiled, based on drawings and specifications, of all the material and equipment necessary to construct a project. The cost estimator uses this list to calculate how much it will cost to build the project. Quantities: Measured amounts of construction...