Lonmin PMR

Which of the following does not form part of the Post-Contract (Implementation) phase of a project?

• Payment certificates

• Progress meetings

• Contract mandate

• Contract and order amendments

A payment certificate is a document verified by an architect, engineer, or owner of a construction project that the noted work has been completed and is approved for payment

• True

• False

A Turnkey Contract (EPC) will not include for the:

• Design

• Construction

• Operation and maintenance

Which of the following are example of standard form contracts?

• JBCC

• FIDIC

• EPCM

• NEC

• BOQ

What is a bill of quantities?

• A scope of work broken down into activities or milestones

• A list of items and corresponding rates where payment is made to Contractor based on the quantity of the items completed multiplied by the rate of the items completed

• Payment made to a Contractor based on market related rates and a fee for his overheads and profit

Which of the following pricing strategies places most of the risk onto a contractor?

• Lump sum

• Bill of quantities (BOQ)

• Cost reimbursable

Your manager has a limited budget to complete a project, which option would you recommend her to pursue, A or B?

• A - Lump Sum

• B - Cost + fixed fee

Which of the following does not form part of the risk management process?

• Risk identification

• Risk assesssment

• Risk adjudication

• Risk responce

• Risk monitoring

A Contractor requests an advance payment to fund her purchase of expensive equipment to begin a project. What do you do?

• Tell her that Lonmin is not in the business of funding Contractors

• Hold back some cash retention on her monthly invoices

• Request her to provide an advance payment bond

• Request her to provide a performance bond

You are to procure an HVAC system, what contracting strategy would you utilize if you do not have time to appoint any design engineers?

• Develop and Construct

• Design by the Employer (Traditional)

• Design Build