Con 367 Midterm 2 (Prep Quiz) Exam
Questions With Correct Answers 100%
Guaranteed Pass.
True/ False
The dollar amount shown for each line item in a Schedule of Values reflects the direct cost for
that line item only and does not include the profit and overhead. - Answer✔False
Which of the following is not in the To-Do list for the Facilitator in a Meeting?
-Empower the attendees to communicate their ideas only if they agree with you.
-Have an agenda and distribute it to the attendees well in advance of the meeting.
- Know what you want to accomplish.
-Communicate action items at the conclusion of the meeting. - Answer✔Empower the attendees
to communicate their ideas only if they agree with you.
Which of the following is not the responsibility of the Designer?
-Generate the shop drawings in a timely manner.
-Review the RFIs and respond to them in a timely manner.
-Consult with the Resident Project Representative in evaluating the RFIs.
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, -Avoid directing or controlling the Contractor's means and methods. - Answer✔Generate the
shop drawings in a timely manner.
True/ False
Preconstruction meeting is typically held after the construction operations begin. -
Answer✔False
True/ False
Builder's Risk Insurance is typically purchased by the Designer. - Answer✔False
Which of the following is not a characteristic of Schedule of Values (SOV)?
-It should be prepared by the Contractor and submitted to the Owner at the end of the project.
-Line items in the SOV are typically determined by the Owner.
-The greater the detail in the SOV, the more accurate the estimate for the progress payments.
-The Contractor must prorate overhead and profit on the line items in the SOV. - Answer✔It
should be prepared by the Contractor and submitted to the Owner at the end of the project.
In the tripartite relationship inherent in construction bonding between the Owner, Contractor, and
Surety, which one is the Obligee? - Answer✔Owner
True/ False
According to the negotiation method discussed in class (Getting to Yes), one thing that needs to
be done during negotiations is not to attack each other but to attack the problem. - Answer✔True
Which of the following statements is wrong for Retainage?
-Retainage is typically 25-30% of each earned fund.
-In some cases, the retained amount may be reduced or eliminated at some point during the
project (typically after the half of the project is completed).
-Sometimes the Owner may release retainage early on work that was completed early in the
project, typically for subcontractors (e.g. site work).
2|Page
Questions With Correct Answers 100%
Guaranteed Pass.
True/ False
The dollar amount shown for each line item in a Schedule of Values reflects the direct cost for
that line item only and does not include the profit and overhead. - Answer✔False
Which of the following is not in the To-Do list for the Facilitator in a Meeting?
-Empower the attendees to communicate their ideas only if they agree with you.
-Have an agenda and distribute it to the attendees well in advance of the meeting.
- Know what you want to accomplish.
-Communicate action items at the conclusion of the meeting. - Answer✔Empower the attendees
to communicate their ideas only if they agree with you.
Which of the following is not the responsibility of the Designer?
-Generate the shop drawings in a timely manner.
-Review the RFIs and respond to them in a timely manner.
-Consult with the Resident Project Representative in evaluating the RFIs.
1|Page
, -Avoid directing or controlling the Contractor's means and methods. - Answer✔Generate the
shop drawings in a timely manner.
True/ False
Preconstruction meeting is typically held after the construction operations begin. -
Answer✔False
True/ False
Builder's Risk Insurance is typically purchased by the Designer. - Answer✔False
Which of the following is not a characteristic of Schedule of Values (SOV)?
-It should be prepared by the Contractor and submitted to the Owner at the end of the project.
-Line items in the SOV are typically determined by the Owner.
-The greater the detail in the SOV, the more accurate the estimate for the progress payments.
-The Contractor must prorate overhead and profit on the line items in the SOV. - Answer✔It
should be prepared by the Contractor and submitted to the Owner at the end of the project.
In the tripartite relationship inherent in construction bonding between the Owner, Contractor, and
Surety, which one is the Obligee? - Answer✔Owner
True/ False
According to the negotiation method discussed in class (Getting to Yes), one thing that needs to
be done during negotiations is not to attack each other but to attack the problem. - Answer✔True
Which of the following statements is wrong for Retainage?
-Retainage is typically 25-30% of each earned fund.
-In some cases, the retained amount may be reduced or eliminated at some point during the
project (typically after the half of the project is completed).
-Sometimes the Owner may release retainage early on work that was completed early in the
project, typically for subcontractors (e.g. site work).
2|Page
