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WorksheetsBUILDING CONSTRUCTION CONTRACTS TYPE
Total questions: 10
Worksheet time: 2mins
Which of the following is NOT about Lump Sum with bills of quantities?
Measures the quantities based on drawing
Consider additional variation
All the detail quantities are shown in BQ
No additional variation
What type of contact for this statement?
“The contractor will be paid based on an actual fee basis of work and receives per increase or decrease of rate amount agreed of total cost between actual cost and adjustment target estimate “
Cost Plus Fluctuating Fee Contract
Target Cost Contract
Cost Reimbursement Contract
Measurement Contract
Which factors to be considered when deciding which type of contract?
Period of performance
Cost analysis
Availability of supervision
All above
The following are the methods of procurement in construction industry except
Traditional method
Turnkey method
Short slender method
Design and build method
What is the type of method so that it could be sold to any buyer as a complete product?
Traditional method
Design and build method
Management method
Turnkey method
The following are the participants in construction industry except
Architect
Engineer
Contractor
Security guard
Which are the advantages of the Standard Form of Contract except?
Reduced cost
Speedy bidding
Increasing cost
Higher confidence in contract terms
There are 3 part of sector in Standard Form of Contract except?
Government/public sector
Private sector
International Sector
Transportation Sector
Which is the Issues in Standard Form Contracts?
Often benefit the party with the most bargaining power
Speedy bidding
High Cost
Not familiarity
Which are the FACTORS IN CONSIDERING TYPE OF CONTRACT except?
Types of Project
Design
Size of Project
Quality of work required
