Which of the following statements about liquidated damages is True?
FMT203_Procurement and Contract Management_SU4

Quiz
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Professional Development
•
University
•
Medium

Alphonsus Ee
Used 13+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
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.
2.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
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.
3.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Earned value uses _____ and ____ units to track work progress and expenditure.
time; budget
quantity; cost
time; cost
quality; cost
4.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
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
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which one of the following involves a novation process?
Nominated subcontracting
Designated subcontracting
Domestic subcontracting
Asisgnment of subcontractor
6.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
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.
7.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
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
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