LAW CCIFP EXAM QUESTIONS AND
ANSWERS 2026 VERIFIED.
Define exculpatory and indemnification provisions of contract - ANS Exculpatory - Absolves a
party from responsibility of their own actions
Indemnification - To hold Harmless (risk insurance usually resolves this)
What is Spear Doctrine - also known as Owner's Warranty - ANS Under this doctrine the
owner implicitly warrants contractor to the fitness of plans and specifications for purpose
intended
Most common type of exculpatory clauses - ANS Inspection, familiarity of work, no damage
for delay
Five used account methods for JVs - ANS 1. Full consolidation
2. Partial consolidation
3. Equity method
4. Expanded equity
5. Cost
Doctrine of Sovereign Immunity - ANS Contract law principle means that government cannot
be sued except for extent it has expressly consented too
@2026/2027 ALLRIGHTS RESERVED.
, What are the two types of warranties - ANS 1. Express - Can be written or oral (such as
course of dealing) which arises from negotiations
2. Implied - No part of contract terms "caveat emptor" let the buyer beware - Implied by law
When does a claim exist against an owner - ANS Potential claim against owner exists when
owner fails to follow contract such as failing to pay on time or failing to give contractor
additional time for force majure
What is force majeure - ANS Allows for excusable delay which can give a party a right to more
time or compensation or both for events beyond control of party
What is FAR 3.10 - ANS Contractor Code of Business Ethics and Conduct
Construction companies with federal contract exceeding what amount with a performance
period of what must display hotline posters - ANS $5.5 million for period of 120 days
What is a disruption claim - ANS Type of claim includes acts that prevent completion by
contractor
What are the five broad categories of claims - ANS 1. Delays
2. Disruption
3. Changes in scope
4. Changed conditions
5. Termination
Examples of labor laws that impact construction contracts - ANS 1. Davis Beacon Act
@2026/2027 ALLRIGHTS RESERVED.
ANSWERS 2026 VERIFIED.
Define exculpatory and indemnification provisions of contract - ANS Exculpatory - Absolves a
party from responsibility of their own actions
Indemnification - To hold Harmless (risk insurance usually resolves this)
What is Spear Doctrine - also known as Owner's Warranty - ANS Under this doctrine the
owner implicitly warrants contractor to the fitness of plans and specifications for purpose
intended
Most common type of exculpatory clauses - ANS Inspection, familiarity of work, no damage
for delay
Five used account methods for JVs - ANS 1. Full consolidation
2. Partial consolidation
3. Equity method
4. Expanded equity
5. Cost
Doctrine of Sovereign Immunity - ANS Contract law principle means that government cannot
be sued except for extent it has expressly consented too
@2026/2027 ALLRIGHTS RESERVED.
, What are the two types of warranties - ANS 1. Express - Can be written or oral (such as
course of dealing) which arises from negotiations
2. Implied - No part of contract terms "caveat emptor" let the buyer beware - Implied by law
When does a claim exist against an owner - ANS Potential claim against owner exists when
owner fails to follow contract such as failing to pay on time or failing to give contractor
additional time for force majure
What is force majeure - ANS Allows for excusable delay which can give a party a right to more
time or compensation or both for events beyond control of party
What is FAR 3.10 - ANS Contractor Code of Business Ethics and Conduct
Construction companies with federal contract exceeding what amount with a performance
period of what must display hotline posters - ANS $5.5 million for period of 120 days
What is a disruption claim - ANS Type of claim includes acts that prevent completion by
contractor
What are the five broad categories of claims - ANS 1. Delays
2. Disruption
3. Changes in scope
4. Changed conditions
5. Termination
Examples of labor laws that impact construction contracts - ANS 1. Davis Beacon Act
@2026/2027 ALLRIGHTS RESERVED.
