Con 367 Exam 3 Questions and Answers
Graded A+
Which of the following is true for non-excusable delay? The Contractor is granted neither
time extension nor additional monetary compensation
Which of the following is true for Alternative Dispute Resolution (ADR)? It may result in
benefits even if full settlement is not reached
Which of the following is not a form of Alternative Dispute Resolution? Litigation
Recommendations of the Dispute Review Board would be admissible in later proceedings such
as arbitration or litigation. True
Certificate of Substantial Completion can only be issued when all of the construction work (even
the items in the Punch List) is fully completed by the Contractor. False
, Which of the following is not one of the documents that the Contractor needs to submit to the
Owner to be able to receive full payment including the retainage? Bid bond for final
payment
Value Engineering in the construction phase is just as systematic and formal as it is in the design
phase. False
In construction, the term "change" is used only to refer to the changes in the materials used for a
project (e.g., the design calls for bricks for the exterior wall and during the course of the project,
it is changed to concrete blocks). False
The Eichleay Formula was developed to establish reasonable means for calculating and claiming
what? Contractor's home office overhead cost damages
Arbitration decisions are routinely appealed. False
With substantial completion, the Contractor is typically released from the responsibility of the
security of the project. True
Graded A+
Which of the following is true for non-excusable delay? The Contractor is granted neither
time extension nor additional monetary compensation
Which of the following is true for Alternative Dispute Resolution (ADR)? It may result in
benefits even if full settlement is not reached
Which of the following is not a form of Alternative Dispute Resolution? Litigation
Recommendations of the Dispute Review Board would be admissible in later proceedings such
as arbitration or litigation. True
Certificate of Substantial Completion can only be issued when all of the construction work (even
the items in the Punch List) is fully completed by the Contractor. False
, Which of the following is not one of the documents that the Contractor needs to submit to the
Owner to be able to receive full payment including the retainage? Bid bond for final
payment
Value Engineering in the construction phase is just as systematic and formal as it is in the design
phase. False
In construction, the term "change" is used only to refer to the changes in the materials used for a
project (e.g., the design calls for bricks for the exterior wall and during the course of the project,
it is changed to concrete blocks). False
The Eichleay Formula was developed to establish reasonable means for calculating and claiming
what? Contractor's home office overhead cost damages
Arbitration decisions are routinely appealed. False
With substantial completion, the Contractor is typically released from the responsibility of the
security of the project. True
