FMT203_Procurement and Contract Management_SU4

Which of the following statements about liquidated damages is True?

• The client can impose LD if the contract completion date is not stated.

• The client can impose LD if both the contract commencement and completon date are stated.

• The client can impose LD if the contract commencement date is not stated.

• The client can impose LD if LD clauses are removed from the contract.

Which of the following is NOT part of project control?

• Monitoring and assessing a project's progress.

• Taking correction actions.

• Taking preventive measures.

• Ensuring payments are paid in a timely manner.

Earned value uses _____ and ____ units to track work progress and expenditure.

• time; budget

• quantity; cost

• time; cost

• quality; cost

Schedule Variance is the difference between the actual work and the planned work to determine if the project is on schedule or not.

• True

• False

Which one of the following involves a novation process?

• Nominated subcontracting

• Designated subcontracting

• Domestic subcontracting

• Asisgnment of subcontractor

Which of the following statements is Correct?

• A nominated subcontractor is appointed after the main contract is formed.

• A nominated subcontractor is appointed before the main contract is formed.

• A designated subcontractor is appointement after the main contract is formed.

• A Main Contractor can object to the nomination of a designated subcontractor.

The SIA form of contract requires the Architect to issue a ______ when the works are substantially completed.

• completion certificate

• certificate of substantial completion

• delay certificate

• extension of time certificate

Which of the following is NOT an important factor when granting extension of time?

• The event must be stated in the contract.

• The event must be one that affects the overall contract completion.

• Reasonable notice is given by the service provider to the client.

• The budget of the project.

Which of the following is NOT a valid ground for extension of time in contracts?

• A fire, unintentionally started by a subcontractor, resulting in work stoppages at the site.

• A pandemic disease outbreak that disrupted site progress.

• Water overflowed from a public canal and caused a flood at the site, resulting in work delay.

• The supply of sand was disrupted due to a ban of sand import imposed by a foreign country, resulting in work delay.

The ____ approach considers only the “relevant event” if there are two concurrent causes of delay, one of which is relevant and the other is not.

• concurrent

• apportionment

• malmaison

• dominant