ENCE 325 Questions and Answers Actual Test 2024 with complete solution

ENCE 325 Questions and Answers Actual Test 2024 with complete solution What are the primary ingredients of a contract? - Answer ️️ -Mutual agreement, Capacity, Consideration, Lawfulness From an owners perspective a cost plus fee contract is the riskiest of all types of contracts. - Answer ️️ -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? - Answer ️️ -Cost Plus with a GMP According to Dykstra what issues impact the choice of contract? - Answer ️️ -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. - Answer ️️ -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. - Answer ️️ -Unit Price Contract documents include many components except which of the following? - Answer ️️ - Change Orders Specifications complement drawings by answering several key information requirements. Select all of the following applicable areas that specifications address. - Answer ️️ -Submittals, Quality of material and products and quality assurance, Special installation requirements General conditions are standards that can be used on multiple projects and are provided with the agreement. General conditions outline and specify how many Key provisions including which of the following? - Answer ️️ -Outline broad rights and responsibilities of the parties, Outline terms for making changes to the work, Provide guidance for dealing with disputes or delays, Specify the procedures for contractor payment The agreement is one of the documents that make up a contract and is sometimes referred to as the contract because it includes by reference all the other documents. - Answer ️️ -Address of the project and brief description of the work, List of documents referenced by the agreement, Time for completion and contractor exclusions GC's develop a rough schedule called a "big schedule" And as a part of preparing their bid. They refine this as a "master construction schedule" with more detail after they are awarded the job. - Answer ️️ -True There are many good reasons why scheduling is an important part of project management, as it assists contractors in providing value in several ways except which of the following? - Answer ️️ -Drive subcontractor quality performa