AIC Test Management, Legal Entities &
Delivery Methods Exercise Exam Questions
And Answers
The Owner wants to Fast-Track a construction project., Which
project delivery system
best supports this process? -
correct answer ✅D. Design-Build
A clause in the contract states that "if the Quantities of an item of
work varies from the
estimated quantities by more than 20 percent, then the price will
be adjusted." Which type
of contract will this clause be primarily used in? -
correct answer ✅Unit Price
A contract has been entered into whereby the Contractor agrees to
design, build, purchase the land and finance the project. What is
this type of contract called? -
correct answer ✅Turn key
A contract is entered into whereby the design and scope are
undefined and the Owner
agrees to pay for all Direct Labor, Materials, Equipment, plus some
agreed upon
, AIC Test Management, Legal Entities &
Delivery Methods Exercise Exam Questions
And Answers
allowance to the Contractor for their services. What is this type of
contract called? -
correct answer ✅Cost Plus
A contract is entered into whereby the bid quantities are stated and
payment for the work is based upon the actual quantities placed.
What is this type of contract called? -
correct answer ✅Unit price
A contract is entered into whereby the Design and Scope are
partially undefined, the Owner holds a contract with the A/E, the
Owner holds the contracts with each trade and the Owner also
holds a contract with a management service company to perform
the trade coordination, cost control and scheduling services. What
is this project delivery called? -
correct answer ✅Construction Management
A contract is entered into whereby two Contractors agree to
combine their resources to bid and build a specific project. What is
this type of contract called? -
correct answer ✅Joint Venture
Delivery Methods Exercise Exam Questions
And Answers
The Owner wants to Fast-Track a construction project., Which
project delivery system
best supports this process? -
correct answer ✅D. Design-Build
A clause in the contract states that "if the Quantities of an item of
work varies from the
estimated quantities by more than 20 percent, then the price will
be adjusted." Which type
of contract will this clause be primarily used in? -
correct answer ✅Unit Price
A contract has been entered into whereby the Contractor agrees to
design, build, purchase the land and finance the project. What is
this type of contract called? -
correct answer ✅Turn key
A contract is entered into whereby the design and scope are
undefined and the Owner
agrees to pay for all Direct Labor, Materials, Equipment, plus some
agreed upon
, AIC Test Management, Legal Entities &
Delivery Methods Exercise Exam Questions
And Answers
allowance to the Contractor for their services. What is this type of
contract called? -
correct answer ✅Cost Plus
A contract is entered into whereby the bid quantities are stated and
payment for the work is based upon the actual quantities placed.
What is this type of contract called? -
correct answer ✅Unit price
A contract is entered into whereby the Design and Scope are
partially undefined, the Owner holds a contract with the A/E, the
Owner holds the contracts with each trade and the Owner also
holds a contract with a management service company to perform
the trade coordination, cost control and scheduling services. What
is this project delivery called? -
correct answer ✅Construction Management
A contract is entered into whereby two Contractors agree to
combine their resources to bid and build a specific project. What is
this type of contract called? -
correct answer ✅Joint Venture
