BCN 3740 Legal Final Study Guide Set
Questions With Correct Answers
The |Betterment |Defense |in |a |contract |action |would |- |CORRECT |ANSWER✔✔-Be |alleged |by |the
|contractor |and |claim |that |the |owner |is |seeking |completion |costs |from |the |work |performed |by
|the |replacement |contractor |which |work |exceeded |the |quality, |scope |and/or |amount |originally
|contracted |for |by |the |owner |with |the |original |contractor
Work |on |a |public |project |pursuant |to |Florida |Statue |255.05, |requires |a |bond |be |posted |by |- |
CORRECT |ANSWER✔✔-the |contractor |if |the |contract |work |is |in |excess |of |$200,000
The |total |Cost |Method |of |Damages |calculates |damages |by |- |CORRECT |ANSWER✔✔-taking |the |
total |cost |of |the |work |loss |the |original |bid |amount |by |the |contractor |to |come |up |with |a |
damages |number
Once |a |complaint |has |been |served |upon |- |CORRECT |ANSWER✔✔-File |a |response |to |the |
complaint |within |20 |days |of |being |served
The |amount |of |the |bond |on |a |public |project |must |equal |- |CORRECT |ANSWER✔✔-The |contract |
price |between |the |owner |and |contractor
The |preferred |method |of |litigation |for |a |contractor |is |through |- |CORRECT |ANSWER✔✔-it |
depends |on |the |circumstances
If |your |contract |has |an |enforceable |arbitration |clause |the |parties |to |that |contract |must |
arbitrate |unless |- |CORRECT |ANSWER✔✔-Both |parties |to |the |contract |act |inconsistent |with |the
|arbitration |clause |in |their |contract
, Categories |of |extras |to |a |construction |contract |for |which |a |contractor |may |claim |additional |
monies |may |include |- |CORRECT |ANSWER✔✔-Improper |site |conditions/ |work |changes |as |a |
result |of |code |requirements
A |contractor |working |on |a |government |project |- |CORRECT |ANSWER✔✔-None |of |the |above
A |general |contractor |who |reviews |plans |and |specifications |for |a |construction |project |has |a |
duty |to |tell |the |owner |and/or |architect |and/or |engineer |about |defects |in |the |plans |and |
specifications |only |if |those |defects |- |CORRECT |ANSWER✔✔-Patent |Defects
A |cardinal |change |to |a |contract |is |- |CORRECT |ANSWER✔✔--a |change |so |significant |that |it |
changes |the |entire |scope |of |the |contract
-a |change |so |significant |that |the |contract |is |abandoned |and |the |measure |of |damages |is |the |
reasonable |value |of |the |work |performed
The |most |widely |accepted |method |of |calculating |unabsorbed |home |office |overhead |is |by |
using |- |CORRECT |ANSWER✔✔-The |Eichleay |Formula
Where |the |Owner |is |clearly |justified |in |defaulting |the |contractor, |the |surety |can |exercise |which
|option |- |CORRECT |ANSWER✔✔-All |of |the |above |(rehire |the |contract |the |owner |terminated |to
|finish |project, |rebid |and |relect |the |project |to |a |completion |contractor, |pay |the |owner |an |
agreed |upon |amount |and |buy |back |the |bond)
In |order |to |obtain |unabsorbed |home |office |overhead |damages |the |contractor |on |a |federal |
construction |project |must |show |- |CORRECT |ANSWER✔✔-All |of |the |above |(a |government |
imposed |delay |occurred, |the |government |required |the |contractor |to |standby |during |the |delay, |
while |standing |by |the |contractor |was |unable |to |take |on |additional |work)
A |performance |bond |furnished |by |a |general |contractor |does |which |of |the |following |- |CORRECT
|ANSWER✔✔-Guarantee |the |faithful |performance |of |the |terms |of |a |written |contract |for |
Questions With Correct Answers
The |Betterment |Defense |in |a |contract |action |would |- |CORRECT |ANSWER✔✔-Be |alleged |by |the
|contractor |and |claim |that |the |owner |is |seeking |completion |costs |from |the |work |performed |by
|the |replacement |contractor |which |work |exceeded |the |quality, |scope |and/or |amount |originally
|contracted |for |by |the |owner |with |the |original |contractor
Work |on |a |public |project |pursuant |to |Florida |Statue |255.05, |requires |a |bond |be |posted |by |- |
CORRECT |ANSWER✔✔-the |contractor |if |the |contract |work |is |in |excess |of |$200,000
The |total |Cost |Method |of |Damages |calculates |damages |by |- |CORRECT |ANSWER✔✔-taking |the |
total |cost |of |the |work |loss |the |original |bid |amount |by |the |contractor |to |come |up |with |a |
damages |number
Once |a |complaint |has |been |served |upon |- |CORRECT |ANSWER✔✔-File |a |response |to |the |
complaint |within |20 |days |of |being |served
The |amount |of |the |bond |on |a |public |project |must |equal |- |CORRECT |ANSWER✔✔-The |contract |
price |between |the |owner |and |contractor
The |preferred |method |of |litigation |for |a |contractor |is |through |- |CORRECT |ANSWER✔✔-it |
depends |on |the |circumstances
If |your |contract |has |an |enforceable |arbitration |clause |the |parties |to |that |contract |must |
arbitrate |unless |- |CORRECT |ANSWER✔✔-Both |parties |to |the |contract |act |inconsistent |with |the
|arbitration |clause |in |their |contract
, Categories |of |extras |to |a |construction |contract |for |which |a |contractor |may |claim |additional |
monies |may |include |- |CORRECT |ANSWER✔✔-Improper |site |conditions/ |work |changes |as |a |
result |of |code |requirements
A |contractor |working |on |a |government |project |- |CORRECT |ANSWER✔✔-None |of |the |above
A |general |contractor |who |reviews |plans |and |specifications |for |a |construction |project |has |a |
duty |to |tell |the |owner |and/or |architect |and/or |engineer |about |defects |in |the |plans |and |
specifications |only |if |those |defects |- |CORRECT |ANSWER✔✔-Patent |Defects
A |cardinal |change |to |a |contract |is |- |CORRECT |ANSWER✔✔--a |change |so |significant |that |it |
changes |the |entire |scope |of |the |contract
-a |change |so |significant |that |the |contract |is |abandoned |and |the |measure |of |damages |is |the |
reasonable |value |of |the |work |performed
The |most |widely |accepted |method |of |calculating |unabsorbed |home |office |overhead |is |by |
using |- |CORRECT |ANSWER✔✔-The |Eichleay |Formula
Where |the |Owner |is |clearly |justified |in |defaulting |the |contractor, |the |surety |can |exercise |which
|option |- |CORRECT |ANSWER✔✔-All |of |the |above |(rehire |the |contract |the |owner |terminated |to
|finish |project, |rebid |and |relect |the |project |to |a |completion |contractor, |pay |the |owner |an |
agreed |upon |amount |and |buy |back |the |bond)
In |order |to |obtain |unabsorbed |home |office |overhead |damages |the |contractor |on |a |federal |
construction |project |must |show |- |CORRECT |ANSWER✔✔-All |of |the |above |(a |government |
imposed |delay |occurred, |the |government |required |the |contractor |to |standby |during |the |delay, |
while |standing |by |the |contractor |was |unable |to |take |on |additional |work)
A |performance |bond |furnished |by |a |general |contractor |does |which |of |the |following |- |CORRECT
|ANSWER✔✔-Guarantee |the |faithful |performance |of |the |terms |of |a |written |contract |for |
