Questions & Answers
1.Based on the guide quantity of 100 CY on a bid document for rock exca-
vation, a contractor bid a unit price of $20/CY. If the owner's representative
determined that the contractor excavated 85 CY of rock during
construction, how much will the contractor get paid?
(a). $2000
(b). $1700
(c). $300
(d). $1800
ANS (b)
2.Which of the following documents are included in the bid package?
I. Proposal Form
II. Special Conditions
III. Technical Specifications
IV. General Conditions
V. Bid Bond
(a). I, II, and III
(b). II, III, and IV
(c). I, II, IV, and V
(d). I, II, III, and IV
ANS (d)
,3.The document requested by the owner as a protection against the risk of
the contractor not accepting the job once awarded the project is
(a). Insurance
(b). Performance Bond
(c). Bid Bond
(d). Payment Bond
ANS (c)
4.Which of the following would not be considered an excusable delay?
(a). Labor Strikes
(b). Review process delays
(c). A hurricane closing a port delaying delivery of materials
(d). Death of a contractor
ANS (b)
5.The typically 30-90 days period after the bid opening where the
contractor is bound by their bid is called
(a). Acceptance period
(b). Bid period
(c). Anxiety period
(d). Risk period
ANS (a)
6.The procedure that allows a contractor to propose changes to the
, design with the approval of the designer to save time and/or money is
called
(a). Process Engineering
(b). Value Engineering
(c). Design build engineering
(d). Cost engineering
ANS (b)
7.Which of the following documents determines the zero day of the project
for scheduling purposes?
(a). Proposal Form
(b). Formal contract
(c). Notice to bidders
(d). Notice to proceed
ANS (d)
8.The amount held back from the payments to give the contractor an
incentive to finish the job on time is called
(a). Retainage
(b). Escrow
(c). Progress Payment
(d). Liquidated damages
ANS (a)
9.Which of the following types of contracts require the contractor to carry