110 Contract Quiz

110 Contract Quiz

University

10 Qs

quiz-placeholder

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110 Contract Quiz

110 Contract Quiz

Assessment

Quiz

Construction

University

Practice Problem

Hard

Created by

Jim Eller

Used 4+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In construction, the most common type of contracts are the ______

GMP Guaranteed max Price

Lump Sum

Time and Material

Unit Price Contract

2.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

The contract documents are made up of which items?

Construction drawings

Notice to Proceed

Project Manual

A bottle of Tylenol for the Estimator

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The Project Manual has how many primary sections?

1

2

3

4

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This agreement is what protects all parties involved with the construction project.

Warranty agreement

Technical Specs

Financial Statement

Contract

The local attorney

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Once both parties agree to the terms of the contract, any changes or flaws, or errors in the plans will result in a _______ _______. This usually costs the owner more money

Change Order

Cease Activity

Construction Stoppage

Financial Fine

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Another name for a Cost-plus-fee Contract is

All expense Paid

Guaranteed Maximum Price

Over-Under-Contract

Time And Materials

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who is at risk the most under a Time and Materials Contract?

Contractor

Financial institution

Owner

Sub Contractors

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