ExAc - CCDC 2 - Part 4 and 5 Exam
Questions & Answers (Grade A+)
The Contract Price, and not the cash allowances includes -
correct answer ✅the Contractor's overhead and profit in
connection with such cash allowances.
Expenditures under cash allowances shall -
correct answer ✅be authorized by the Owner through the
Consultant
Where the actual cost of the Work under any cash allowance
exceeds the amount of the allowance -
correct answer ✅the Contractor shall be compensated for the
excess incurred and substantiated plus an amount for overhead and
profit on the excess as set out in the Contract Documents
Where the actual cost of the Work under any cash allowance is less
than the amount of the allowance, -
correct answer ✅the Owner shall be credited for the unexpended
portion of the cash allowance, but not for the Contractor's
overhead and profit on such amount
Multiple cash allowances shall not -
correct answer ✅be combined for the purpose of calculating the
foregoing.
, ExAc - CCDC 2 - Part 4 and 5 Exam
Questions & Answers (Grade A+)
The value of the work performed under a cash allowance is eligible
to be included in -
correct answer ✅progress payments.
who prepare a schedule that shows when the Consultant and
Owner must authorize ordering of items called for under cash
allowances to avoid delaying the progress of the Work. -
correct answer ✅The Contractor and the Consultant jointly
The contingency allowance includes -
correct answer ✅the Contractor's overhead and profit in
connection with such contingency allowance.
Expenditures under the contingency allowance shall be authorized
and valued as provided in -
correct answer ✅GC 6.1 - OWNER'S RIGHT TO MAKE CHANGES,
GC 6.2 - CHANGE ORDER
GC 6.3 - CHANGE DIRECTIVE.
The Owner shall, at the request of the Contractor, before signing
the Contract, and promptly from time to time thereafter -
Questions & Answers (Grade A+)
The Contract Price, and not the cash allowances includes -
correct answer ✅the Contractor's overhead and profit in
connection with such cash allowances.
Expenditures under cash allowances shall -
correct answer ✅be authorized by the Owner through the
Consultant
Where the actual cost of the Work under any cash allowance
exceeds the amount of the allowance -
correct answer ✅the Contractor shall be compensated for the
excess incurred and substantiated plus an amount for overhead and
profit on the excess as set out in the Contract Documents
Where the actual cost of the Work under any cash allowance is less
than the amount of the allowance, -
correct answer ✅the Owner shall be credited for the unexpended
portion of the cash allowance, but not for the Contractor's
overhead and profit on such amount
Multiple cash allowances shall not -
correct answer ✅be combined for the purpose of calculating the
foregoing.
, ExAc - CCDC 2 - Part 4 and 5 Exam
Questions & Answers (Grade A+)
The value of the work performed under a cash allowance is eligible
to be included in -
correct answer ✅progress payments.
who prepare a schedule that shows when the Consultant and
Owner must authorize ordering of items called for under cash
allowances to avoid delaying the progress of the Work. -
correct answer ✅The Contractor and the Consultant jointly
The contingency allowance includes -
correct answer ✅the Contractor's overhead and profit in
connection with such contingency allowance.
Expenditures under the contingency allowance shall be authorized
and valued as provided in -
correct answer ✅GC 6.1 - OWNER'S RIGHT TO MAKE CHANGES,
GC 6.2 - CHANGE ORDER
GC 6.3 - CHANGE DIRECTIVE.
The Owner shall, at the request of the Contractor, before signing
the Contract, and promptly from time to time thereafter -
