Payment in Construction

Payment in Construction

University

30 Qs

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Payment in Construction

Payment in Construction

Assessment

Quiz

Other

University

Practice Problem

Hard

Created by

Muhammad Nasrol Jamal

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30 questions

Show all answers

1.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

What is the purpose of Advance Payment for contractors?

Decrease the financial burden of the contractor.

Assist the contractor to face the difficulty of special mobilization of project.

Assist the smaller size construction company or the newer able to compete with the mature construction company.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the formula for Advance Payment?

25% from Builders Works

50% from Builders Works

10% from Builders Works

3.

OPEN ENDED QUESTION

3 mins • 1 pt

What must the contractor submit within 3 months from the date of possession of the site?

Evaluate responses using AI:

OFF

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the advance payment used for by the contractor?

To purchase or pay for the rental of plant and equipment

To buy construction materials

Both of the above

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What percentage of the builder's work value is the advance payment for the main contractor?

15%

20%

25%

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the maximum amount for the advance payment for the main contractor?

RMB 5,000,000.00

RMB 10,000,000.00

RMB 15,000,000.00

7.

OPEN ENDED QUESTION

3 mins • 1 pt

What documents must the contractor submit for advance payment certification?

Evaluate responses using AI:

OFF

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