DBIA EXAM 3 ACTUAL EXAM 2025 COMPLETE ACCURATE EXAM QUESTIONS WITH DETAILED VERIFIED ANSWERS (100% CORRECT ANSWERS) /ALREADY GRADED A+

DBIA EXAM 3 ACTUAL EXAM 2025 COMPLETE ACCURATE EXAM QUESTIONS WITH DETAILED VERIFIED ANSWERS (100% CORRECT ANSWERS) /ALREADY GRADED A+ What 3 categories are the Best Practices organized into? 1. Procurement 2. Contracting 3. Execution Which of the following terms may be found contrary to public policy? a.) Indemnity b.) Limitations of Liability c.) Advanced waivers of lien rights. d.) No damages for delay. e.) All of the above. e.) All of the above. If these Best Practices are NOT implemented, there is an increased _____ that the project's performance will be _____ and that some or all of the stakeholders will be _____. - probability - compromised - disappointed. What are the 4 types of law? 1. Contract Law 2. Tort Law 3. Statutes and regulations 4. Common Law The contract between the _____ and the ______ _____ should address the _____ aspects of the DB process, including expected standards of care for design services. - Owner - Design-Builder - unique _____ and _____ contracts are fundamental to any delivery process. - Fair - Clear Contracting principles apply to contracts of those working within the _____ _____ DB Team _____ _____ _____: what the parties do during the performance of this contract. a.) Course of Performance b.) Course of Conduct c.) Terms of Art a.) Course of Performance _____ _____ _____: what the parties do during the performance of other similar contracts. a.) Course of Performance b.) Course of Conduct c.) Terms of Art b.) Course of Conduct _____ _____ _____: the use of a word in a specific industry. a.) Course of Performance b.) Course of Conduct c.) Terms of Art c.) Terms of Art What case is this? - Party sues for lost profits ($3-4 million) - 5th Circuit found material facts in dispute that allowed party to maintain a promissory estoppel theory. Metroplex core V. Parsons Transportation Group (2014) _____ Damages: Award what was reasonably expected from the contract. Expectation _____ _____: When expectation damages not available, award what party would have had if contract had not existed. Rescission Damages This chapter has ___ Best Practices and ___ Implementing Techniques. - 3 - 18 Contracts used on DB projects should be _____, _____, and _____ and should promote the _____ aspects inherent in the DB process. - fair - balanced - clear - collaborative The contracts between the _____ _____ and _____ _____ should address the _____ aspects of the DB process. - Design-Builder - Team Members - unique What are 2 examples of privity of contract needed to sue a party for economic losses? 1. delay damages 2. Cost to correct defects What are 2 common examples of Promissory Estoppel? 1. Subcontractor bids 2. Teaming relationships