CM 4211 Final Exam (Already Passed) with
Questions Solved 100% Correct | Verified
Solutions
Which of the following should be considered unethical under all circumstances? -
✔✔A contractor lending its contractors license to a friend so he can get a subcontract.
Which of the following should be considered unethical under all circumstances? - ✔✔A
government rejecting all bids because it's representative wants the second low bidder to
be awarded the project.
Which of the following should be considered unethical under all circumstances? -
✔✔A contractor forward-pricing a change order using overtime amounts when the
contractor absolutely knows it can get additional crews at straight time.
Which of the following should be considered unethical under all circumstances? - ✔✔A
contractor remembering something weeks later that was not in the log book, and then
entering in the log book on the date it occurred.
All of the following statements are TRUE, except one. Which one? - ✔✔A
conditional agreement with an offer is an acceptance.
All of the following statements are TRUE, except one. Which one? - ✔✔Consideration
is always measured in money.
, All of the following statements are TRUE, except one. Which one? - ✔✔Most
contract breaches are of express conditions.
All of the following statements are TRUE, except one. Which one? - ✔✔The main advantage
to an owner of using a cost-plus-percentage fee arrangement is the incentive for the
contractor to hold down construction cost.
Only one of the following statements are TRUE. Which one? - ✔✔Liquidated damages are
an agreed-upon daily amount for finishing late.
All of the following statements are TRUE, except one. Which one? - ✔✔In a
guaranteed maximum price contract the contractor cannot lose money.
All of the following statements are TRUE, except one. Which one? - ✔✔The bid form itself
is drafted and completed by the owner.
All of the following statements are TRUE, except one. Which one? - ✔✔The changes
clause usually does not give the owner the unilateral right to make changes to the contract.
All of the following statements are TRUE, except one. Which one? - ✔✔If Physical
Conditions Reports are included in the bid documents, they can always be relied on by the
contractor even if there is a disclaimer in the contract made by the owner.
All of the following statements are TRUE, except one. Which one? - ✔✔The cost of
materials stored onsite, but not yet incorporated into the project will be owed by the owner to
the contractor even when there is provision in the contract documents to do so.
All of the following statements are TRUE, except one. Which one? - ✔✔An
"escalation" clause may be included in a short-term lump sum contract.
Questions Solved 100% Correct | Verified
Solutions
Which of the following should be considered unethical under all circumstances? -
✔✔A contractor lending its contractors license to a friend so he can get a subcontract.
Which of the following should be considered unethical under all circumstances? - ✔✔A
government rejecting all bids because it's representative wants the second low bidder to
be awarded the project.
Which of the following should be considered unethical under all circumstances? -
✔✔A contractor forward-pricing a change order using overtime amounts when the
contractor absolutely knows it can get additional crews at straight time.
Which of the following should be considered unethical under all circumstances? - ✔✔A
contractor remembering something weeks later that was not in the log book, and then
entering in the log book on the date it occurred.
All of the following statements are TRUE, except one. Which one? - ✔✔A
conditional agreement with an offer is an acceptance.
All of the following statements are TRUE, except one. Which one? - ✔✔Consideration
is always measured in money.
, All of the following statements are TRUE, except one. Which one? - ✔✔Most
contract breaches are of express conditions.
All of the following statements are TRUE, except one. Which one? - ✔✔The main advantage
to an owner of using a cost-plus-percentage fee arrangement is the incentive for the
contractor to hold down construction cost.
Only one of the following statements are TRUE. Which one? - ✔✔Liquidated damages are
an agreed-upon daily amount for finishing late.
All of the following statements are TRUE, except one. Which one? - ✔✔In a
guaranteed maximum price contract the contractor cannot lose money.
All of the following statements are TRUE, except one. Which one? - ✔✔The bid form itself
is drafted and completed by the owner.
All of the following statements are TRUE, except one. Which one? - ✔✔The changes
clause usually does not give the owner the unilateral right to make changes to the contract.
All of the following statements are TRUE, except one. Which one? - ✔✔If Physical
Conditions Reports are included in the bid documents, they can always be relied on by the
contractor even if there is a disclaimer in the contract made by the owner.
All of the following statements are TRUE, except one. Which one? - ✔✔The cost of
materials stored onsite, but not yet incorporated into the project will be owed by the owner to
the contractor even when there is provision in the contract documents to do so.
All of the following statements are TRUE, except one. Which one? - ✔✔An
"escalation" clause may be included in a short-term lump sum contract.
