Construction Contracts Quiz

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Tests on contracts and delivery

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jullian dolessandro

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Construction Contracts Quiz


Froggy Jumps Construction Contracts QuizVersión en línea Tests on contracts and delivery por jullian dolessandro 1 What are the two main owner types in construction projects? a Public owners and private owners b Federal and municipal owners only c Public owners and corporate owners 2 Which financing source funds public infrastructure like highways? a Charter funding b Private financing c Public financing 3 What is a lump sum contract primarily about? a Costs plus a fee b Pay by time and materials c Fixed price for all work 4 Which delivery method uses design, bid, then build in sequence? a Design-Build b Construction Management c Design-Bid-Build 5 Best-value award typically favors which selection basis? a Quality and overall value over price b Lowest bid only c First-come, first-served 6 Who is responsible for the project design and contract documents? a Architect/Engineer (A/E) b Contractor c Owner 7 What selection method do A/Es typically prefer? a Qualifications-based selection b Random selection c Lowest bid 8 What do drawings and specifications communicate? a Color preferences only b Design intent and technical requirements c Construction site logistics 9 Which documents guide bidding and contract terms? a Purchase orders b Invoices c Bid documents 10 What does it mean to be responsible to the owner in construction? a Maximize profit only b Fulfill contract documents and schedule c Ignore change orders 11 How do contractors find projects to bid? a Advertisements and bid invitations b Unsolicited calls to owners c Only private networks 12 Why might a contractor be disqualified from bidding? a Too high experience b Over-competent staff c Lack of licensing or bonding 13 Why might a contractor abstain from bidding a project? a Project not within capabilities or strategy b Project is too profitable c Owner is uncooperative 14 Define an estimate in construction context. a Exact contract price b Detailed cost to complete the project c Random guess at costs 15 What is the purpose of a conceptual estimate? a Early cost approximation b Detailed drawings c Final bid amount 16 What are owner rights in a contract? a Provide financing and define requirements b Perform all construction work c Approve all subcontracts 17 What is a contractor’s main responsibility? a Complete work per contract documents b Design the project c Hire the owner 18 What are means and methods in construction? a Permits and inspections b Contract terms only c Techniques used to complete the work 19 Who bears the risk shift when a project changes design? a The contractor via change orders b The A/E only c The owner only 20 What do bonds primarily benefit? a The surety b The contractor c The owner 21 What is the role of the surety in a bond? a Provide insurance coverage b Directly pay the owner c Guarantee contractor fulfills obligations 22 What happens if a bonded contractor defaults? a Contractor reverses the bond b Owner must finish the project c Surety may finance or complete the work 23 What is not a bond type commonly used? a Performance bond, payment bond, bid bond are common b Advance payment bond c Insurance bond

Construction Contracts Quiz

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Construction Contracts QuizVersión en línea

por jullian dolessandro

What are the two main owner types in construction projects?

Which financing source funds public infrastructure like highways?

What is a lump sum contract primarily about?

Which delivery method uses design, bid, then build in sequence?

Best-value award typically favors which selection basis?

Who is responsible for the project design and contract documents?

What selection method do A/Es typically prefer?

What do drawings and specifications communicate?

Which documents guide bidding and contract terms?

What does it mean to be responsible to the owner in construction?

How do contractors find projects to bid?

Why might a contractor be disqualified from bidding?

Why might a contractor abstain from bidding a project?

Define an estimate in construction context.

What is the purpose of a conceptual estimate?

What are owner rights in a contract?

What is a contractor’s main responsibility?

What are means and methods in construction?

Who bears the risk shift when a project changes design?

What do bonds primarily benefit?

What is the role of the surety in a bond?

What happens if a bonded contractor defaults?

What is not a bond type commonly used?