ENCE 325 Actual Questions with Correct Answers 100% Solved

ENCE 325 Actual Questions with Correct Answers 100% Solved What are the primary ingredients of a contract? Mutual agreement, Capacity, Consideration, Lawfulness From an owners perspective a cost plus fee contract is the riskiest of all types of contracts. True One way to reduce owners risk is to have a cap on the contract of a project. This is an example of which type of contract? Cost Plus with a GMP According to Dykstra what issues impact the choice of contract? The project delivery method, Risk allocation, The quality of design information The key to mutual agreement is that all parties agree to exactly what is written in the contract documents. True The following is an example of which type of contract? A contractor bids a fixed unit price and the completion of work is paid based on actual quantities. Unit Price Contract documents include many components except which of the following? Change Orders