FE EXAM: CIVIL UPDATED EXAM WITH MOST TESTED
QUESTIONS AND ANSWERS | GRADED A+ | ASSURED
SUCCESS WITH DETAILED RATIONALES
1. What are the project delivery methods?
- a) Design-Bid-Build, Lump Sum, CM, Multiple Prime
- b) Design-Bid-Build, Design-Build, CM, Multiple Prime
- c) Design-Build, Lump Sum, Multiple Prime, Cost Plus
- d) Design-Bid-Build, Design-Only, CM, Prime Contractor
**Answer: b) Design-Bid-Build, Design-Build, CM, Multiple Prime**
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2. What are the types of contract types?
- a) Fixed Price, Time & Materials, Cost Plus
- b) Cost Plus, Unit Price, Hourly Rate
- c) Lump Sum, Unit Price, Cost Plus
- d) Unit Price, Lump Sum, Time & Materials
**Answer: c) Lump Sum, Unit Price, Cost Plus**
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3. What are liquidated damages in a contract?
- a) An amount the contractor gets paid for delays
- b) Contractually stipulated amount to be paid for a breach of contract
, ESTUDY
- c) A penalty for failing to meet work standards
- d) The cost of repairing damages after project completion
**Answer: b) Contractually stipulated amount to be paid for a breach of contract**
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4. What does a bid bond guarantee?
- a) Guarantees payment to workers
- b) Guarantee bidder will enter into contract with the client if they are the lowest bidder
- c) Ensures that a contractor will complete the project
- d) Ensures materials are sourced correctly
**Answer: b) Guarantee bidder will enter into contract with the client if they are the lowest bidder**
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5. What is the purpose of a performance bond?
- a) Guarantees contractor will pay for materials
- b) Provides insurance for project delays
- c) Guarantees contractor will perform specified work
- d) Ensures workers are paid on time
**Answer: c) Guarantees contractor will perform specified work**
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6. What does a payment bond guarantee?