CM 4211 FINAL EXAM 2026 FINAL PAPER
QUESTIONS AND SOLUTIONS GRADED A+
◉ A contractor should always require bonds from its
subcontractors? Answer: false
◉ A lien discharge bond may be used to guarantee payment to a
particular claimant when the project does not have a payment bond?
Answer: true
◉ Construction surety bonds guarantee the performance of the
contract and/or payment to the entities that provided services or
materials for the project? Answer: true
◉ A payment bond guarantees the owner that the contractor has
been paid? Answer: false
◉ The surety is the entity building the project? Answer: false
◉ The principal is the entity being guaranteeing the work by the
surety? Answer: false
,◉ A bid bond guarantees the owner of the amount of a contractor's
bid? Answer: false
◉ A material supplier basically does no work onsite but rather
supplies materials for the project? Answer: true
◉ A performance bond guarantees the obligee (owner) that the
principal (contractor) will perform the contract work in accordance
with the contract documents? Answer: true
◉ The penal sum of a performance bond is never more than 50% of
the contract amount? Answer: false
◉ Public projects require at least a payment bond? Answer: true
◉ A subcontractor is an entity that does more than just a little work
onsite? Answer: true
◉ The penal sum is the limit of the bond; the minimum amount
guaranteed by the surety? Answer: false
◉ lecture 17 Answer: lecture 17
,◉ The Miller Act covers repairs to equipment used on the project?
Answer: true
◉ The Miller Act covers materials furnished to the project that the
claimant supplier reasonably thought would be incorporated into
the project even though they were not? Answer: true
◉ A lawsuit filed under the Miller Act must be filed within one year
of the last activity on the jobsite by the claimant? Answer: true
◉ The Miller Act covers two tiers of entities, including the prime
contractor as the first tier? Answer: false
◉ As with the Miller Act, the Louisiana Public Works Act provides
that only two tiers of entities are covered? Answer: false
◉ The Miller Act affects all public property projects? Answer: false
◉ Material suppliers to material suppliers are always covered by the
Miller Act? Answer: false
◉ First tier claimants must notify the prime contractor before filing
a lawsuit to recover amounts owed to it under the Miller Act?
Answer: false
, ◉ Attorney fees are included in a Miller Act action? Answer: false
◉ Lessors of equipment used on a Louisiana public project must
provide a copy of the equipment lease to the prime contractor and
the government within 10 days of the equipment arriving on the
jobsite in order to have rights under the Louisiana act? Answer: true
◉ To preserve the claim, a lawsuit must be filed within one year of
the recordation of the last time the claimant provided services or
materials to the project? Answer: false
◉ The filing or a claim with the owner also acts as a fund freeze;
thereafter if the owner pays the prime contractor without reserving
the amount of the claim then the owner itself becomes liable?
Answer: true
◉ The federal government is more relaxed in its definitions to the
point that a fabricator may be classified as a subcontractor? Answer:
true
◉ A notice of completion (or termination) of the project must be
recorded by the government in order for the period to file claims
begins? Answer: true
QUESTIONS AND SOLUTIONS GRADED A+
◉ A contractor should always require bonds from its
subcontractors? Answer: false
◉ A lien discharge bond may be used to guarantee payment to a
particular claimant when the project does not have a payment bond?
Answer: true
◉ Construction surety bonds guarantee the performance of the
contract and/or payment to the entities that provided services or
materials for the project? Answer: true
◉ A payment bond guarantees the owner that the contractor has
been paid? Answer: false
◉ The surety is the entity building the project? Answer: false
◉ The principal is the entity being guaranteeing the work by the
surety? Answer: false
,◉ A bid bond guarantees the owner of the amount of a contractor's
bid? Answer: false
◉ A material supplier basically does no work onsite but rather
supplies materials for the project? Answer: true
◉ A performance bond guarantees the obligee (owner) that the
principal (contractor) will perform the contract work in accordance
with the contract documents? Answer: true
◉ The penal sum of a performance bond is never more than 50% of
the contract amount? Answer: false
◉ Public projects require at least a payment bond? Answer: true
◉ A subcontractor is an entity that does more than just a little work
onsite? Answer: true
◉ The penal sum is the limit of the bond; the minimum amount
guaranteed by the surety? Answer: false
◉ lecture 17 Answer: lecture 17
,◉ The Miller Act covers repairs to equipment used on the project?
Answer: true
◉ The Miller Act covers materials furnished to the project that the
claimant supplier reasonably thought would be incorporated into
the project even though they were not? Answer: true
◉ A lawsuit filed under the Miller Act must be filed within one year
of the last activity on the jobsite by the claimant? Answer: true
◉ The Miller Act covers two tiers of entities, including the prime
contractor as the first tier? Answer: false
◉ As with the Miller Act, the Louisiana Public Works Act provides
that only two tiers of entities are covered? Answer: false
◉ The Miller Act affects all public property projects? Answer: false
◉ Material suppliers to material suppliers are always covered by the
Miller Act? Answer: false
◉ First tier claimants must notify the prime contractor before filing
a lawsuit to recover amounts owed to it under the Miller Act?
Answer: false
, ◉ Attorney fees are included in a Miller Act action? Answer: false
◉ Lessors of equipment used on a Louisiana public project must
provide a copy of the equipment lease to the prime contractor and
the government within 10 days of the equipment arriving on the
jobsite in order to have rights under the Louisiana act? Answer: true
◉ To preserve the claim, a lawsuit must be filed within one year of
the recordation of the last time the claimant provided services or
materials to the project? Answer: false
◉ The filing or a claim with the owner also acts as a fund freeze;
thereafter if the owner pays the prime contractor without reserving
the amount of the claim then the owner itself becomes liable?
Answer: true
◉ The federal government is more relaxed in its definitions to the
point that a fabricator may be classified as a subcontractor? Answer:
true
◉ A notice of completion (or termination) of the project must be
recorded by the government in order for the period to file claims
begins? Answer: true
