Worksheets110 Contract Quiz
Total questions: 10
Worksheet time: 5mins
In construction, the most common type of contracts are the ______
GMP Guaranteed max Price
Lump Sum
Time and Material
Unit Price Contract
The contract documents are made up of which items?
Construction drawings
Notice to Proceed
Project Manual
A bottle of Tylenol for the Estimator
The Project Manual has how many primary sections?
1
2
3
4
This agreement is what protects all parties involved with the construction project.
Warranty agreement
Technical Specs
Financial Statement
Contract
The local attorney
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
Another name for a Cost-plus-fee Contract is
All expense Paid
Guaranteed Maximum Price
Over-Under-Contract
Time And Materials
Who is at risk the most under a Time and Materials Contract?
Contractor
Financial institution
Owner
Sub Contractors
This type of contract has become very popular especially with the owners of the project.
Time And Materials
Cash based Payout
Unit Price Contract
Guaranteed Maximum Price
This type of contract is very common for heavy civil construction.
Unit price
Cash under the table
Collective bargaining
Project Buy Out
The type of Bid, your Pickle Project is going to be what type of bid?
Qualifications Based selection
Best-Value Selection
Low Bid selection
It depends on how many pickles you can eat?
Time and Material Bid
