Constracts Study guides, Revision notes & Summaries

Construction Contracts 2024 Test Questions with Correct Answers Construction parties - Answer-owners- analysis, financing -(realty personnel for the parcel of land on market) -designer, a report describes the program requirements - construction docuemtn -contructors contructing procedures - Answer-General contract method, separate contracts, self-performance, design-build, professional construction management method construction management at risk (CM at risk) General contr...

Construction Contracts Midterm Set Test Questions And Verified Solutions This term means the management or handling of the business relations between parties to a contract - ANSWER : contract administration This term refers to a much broader responsibility of relating to all project-related functions between the parties to a contract - ANSWER : construction administration Project delivery system is defined as... - ANSWER : an approach to building the project team. an organization...

this term means the management or handling of the business relations between parties to a contract - CORRECT ANSWER-contract administration this term refers to a much broader responsibility of relating to all project-related functions between the parties to a contract - CORRECT ANSWER-construction administration project delivery system is defined as... - CORRECT ANSWER-an approach to building the project team. an organizational concept which assigns specific responsibilities and authoriti...

Construction Contracts Midterm Questions With Correct Answers.

Construction contracts 2024 Exam Questions and Answers All Correct What is a contract? - Answer-An agreement between two or more parties/persons to perform or not to perform some acts and it must be enforceable by law What is retention money? - Answer-Payment for a service or product that is withheld pending the completion of some specified condition What is included in the contract documents in Hong Kong? - Answer-1. Articles of agreement 2. Tender 3. Acceptance of tender 4. Drawings...

Construction Contracts Final Test Questions and Answers A Grade What construction-related measures can be used to describe the strength of the U.S. economy? - Answer-New Housing starts Land permits Interest Rates Unemployment rates What type of project might be ideally suited for the design-construct or design build method? - Answer-Large scale complex projects that have lots of subcontractors working on the project. This method may be used to fast track. What are the 5 elements of a...

this term means the management or handling of the business relations between parties to a contract - CORRECT ANSWER-contract administration this term refers to a much broader responsibility of relating to all project-related functions between the parties to a contract - CORRECT ANSWER-construction administration project delivery system is defined as... - CORRECT ANSWER-an approach to building the project team. an organizational concept which assigns specific responsibilities and authoriti...

Construction Contracts Test Questions with All Correct Answers Contract Types: Lump-Sum - Answer-contractors agrees to perform a stipulated job of work in exchange for a fixed sum of money extra costs are taken out of contractors pocket be sure and have contingency funds owners prefer Contract Types: Unit-Price - Answer-based on estimated quantities of defined items of work and costs per unit amount of each of these work items total sum of money paid to contractor for each wor...

Construction Contracts Midterm 2 Quizzes & Ans!!

Construction Contracts Midterm Study Guide (A+ Graded already)