CNST 2341 mod 1 Exam Questions
and Answers (Latest Update 2026)
Five bases common to classifying contracts. -
correct answer ✅1. Method of Payment
2. Arrangement of Project Delivery
3. Method of selection and award
4. Number of Primes
5. Legal Description
what are the 3 Methods of Payment in the construction -
correct answer ✅1. Lump Sum
2. Unit Price
3. Cost Plus
Why does an owner know which method of payment to choose? -
correct answer ✅By the best way he feel basis for paying the
contractor for its effort.
Lumps Sum Contract -
correct answer ✅let us know that the contractor's compensation
is a more higher amount and agreed on for the work specified on
the contract
, CNST 2341 mod 1 Exam Questions
and Answers (Latest Update 2026)
Unit Price -
correct answer ✅Let us know that the contractor is paid according
to an agreed upon unit price list for each item included in the scope
of work.
How contracts are described and classified? -
correct answer ✅1. Method of payment
2. Arrangement of project delivery
3. Method of selection and award
4. Number of primes
5. Legal description
How do you determine the proper type of contract for a certain
project? -
correct answer ✅To determine the proper type of a contract for a
specific project one should consider the characteristics of the
project and the owner risk attitude
-Design/Bid/Build -
correct answer ✅informs us that the owner decided to complete
the project design before it sends it to bidders and the winning
bidder will build the project.
and Answers (Latest Update 2026)
Five bases common to classifying contracts. -
correct answer ✅1. Method of Payment
2. Arrangement of Project Delivery
3. Method of selection and award
4. Number of Primes
5. Legal Description
what are the 3 Methods of Payment in the construction -
correct answer ✅1. Lump Sum
2. Unit Price
3. Cost Plus
Why does an owner know which method of payment to choose? -
correct answer ✅By the best way he feel basis for paying the
contractor for its effort.
Lumps Sum Contract -
correct answer ✅let us know that the contractor's compensation
is a more higher amount and agreed on for the work specified on
the contract
, CNST 2341 mod 1 Exam Questions
and Answers (Latest Update 2026)
Unit Price -
correct answer ✅Let us know that the contractor is paid according
to an agreed upon unit price list for each item included in the scope
of work.
How contracts are described and classified? -
correct answer ✅1. Method of payment
2. Arrangement of project delivery
3. Method of selection and award
4. Number of primes
5. Legal description
How do you determine the proper type of contract for a certain
project? -
correct answer ✅To determine the proper type of a contract for a
specific project one should consider the characteristics of the
project and the owner risk attitude
-Design/Bid/Build -
correct answer ✅informs us that the owner decided to complete
the project design before it sends it to bidders and the winning
bidder will build the project.
