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WorksheetsType of Construction Contract
Total questions: 10
Worksheet time: 10mins
What is Lump Sum contract disadvantage?
There is incentive for contractor for early completion.
Easy to manage agreement
Contractor responsible for cost overruns of project.
Cash flow for the project is easier
types of cost reimbursement contract:
lump sum
cost plus fixed fee
measurement contract
procurement
Factors in considering type of contract :
Finance available
Employer’s/client requirements
Type of project
Time constraints
All answer correct
Factors in considering type of contract except
Size and complexity of project
Time constraints
Total budget
Availability of supervision
What is the main task/responsibility of contractor?
To estimate cost of a project and monitor the actual cost during the construction.
To complete the project accordance to the design, required quality, in the time allowed, and agreed price.
To design the project and ensure it meets the requirements of the client.
Consultant has a wide knowledge and professional in giving advices to client. Please choose any 3 of advices below that consultant give to client.
(can tick more than 1 answer)
Design of a project
Authorities
Safety and welfare regulations
Costing
Which of the following contract is for building works?
(Can tick more than 1 answer)
PWD
Fidic
Pam
IEM
Standard Forms of contract for M&E works
(can tick more than 1 answer)
TNB consitions
PAM form
FIDIC
IEM conditions
The advantages of Traditional Method / Design-Bid-Build are
(Can tick more than 1 answer)
Come out with high quality works.
Client may obtain the best or lowest price
Easier to be adopted
Single - source management
Design and build method.......
Unique procurement route.
Common method that has been used in construction industry.
Requires constant involvement of the client.
Can be seen as giving a single point of responsibility for delivering the entire project.
