TEC 226 EXAM 1 QUESTIONS AND ACCURATE ANSWERS
Why do Owners prefer Design/Build? What are the advantages? - Answers - The owner
holds one contract for both the design and construction with one entity. Some
advantages are that few changes arise during construction and fewer disputes with
owners.
What is the slowest delivery method? - Answers - Design, Bid, Build is the slowest
because each step must be 100% done to go onto the next step.
Which entity can use any delivery method? - Answers - The Owner.
What five parts to make a contract valid? - Answers - Offer and Acceptance
A Meeting of the Minds
Consideration
Lawful Subject Matter
Competent Parties
Employees being labeled as independent contractors- what are they missing? -
Answers - Do not receive minimum wage
Employee benefits like health insurance
Legal recourse to address grievances
What is the notification that contractors look for to start? - Answers - A notice to proceed
or a letter of intent.
3 Sources of Delays? - Answers - Strikes
Adverse weather
Late decisions by the owner
If time extensions are granted, what are the circumstances? - Answers - Circumstances
like weather or Acts of God - some of these things are things that are beyond the
contractor's control.
What are the two terms that say a contract is done? - Answers - Termination for Default
and Termination for Convenience
What makes a contract legal? - Answers - For a contract to be legal, it needs to have
the five elements of a contract and be legal and enforceable.
Why would an owner want an independent contractor? - Answers - An owner would
want an independent contractor because independent contractors can be held solely
responsible for their actions. Think of contingent liability.
Why do Owners prefer Design/Build? What are the advantages? - Answers - The owner
holds one contract for both the design and construction with one entity. Some
advantages are that few changes arise during construction and fewer disputes with
owners.
What is the slowest delivery method? - Answers - Design, Bid, Build is the slowest
because each step must be 100% done to go onto the next step.
Which entity can use any delivery method? - Answers - The Owner.
What five parts to make a contract valid? - Answers - Offer and Acceptance
A Meeting of the Minds
Consideration
Lawful Subject Matter
Competent Parties
Employees being labeled as independent contractors- what are they missing? -
Answers - Do not receive minimum wage
Employee benefits like health insurance
Legal recourse to address grievances
What is the notification that contractors look for to start? - Answers - A notice to proceed
or a letter of intent.
3 Sources of Delays? - Answers - Strikes
Adverse weather
Late decisions by the owner
If time extensions are granted, what are the circumstances? - Answers - Circumstances
like weather or Acts of God - some of these things are things that are beyond the
contractor's control.
What are the two terms that say a contract is done? - Answers - Termination for Default
and Termination for Convenience
What makes a contract legal? - Answers - For a contract to be legal, it needs to have
the five elements of a contract and be legal and enforceable.
Why would an owner want an independent contractor? - Answers - An owner would
want an independent contractor because independent contractors can be held solely
responsible for their actions. Think of contingent liability.
