Final Exam CM 4210 Questions With Complete Solutions
"ORD" stands for "owner's right to delay." Correct Answers
False
"Time is of the essence" language makes time a material
obligation. Correct Answers True
"XCU" stands for explosion, collapse, and umbrella. Correct
Answers False
A bid bond penal sum can be either a fixed sum or a percentage
of the bid total. Correct Answers True
A certificate of substantial completion constitutes final
acceptance of the project. Correct Answers False
A contract may be terminated by a contractor without reason.
Correct Answers False
A contract may be terminated by full and satisfactory
performance. Correct Answers True
A contractor cannot subcontract work without the written
approval of the owner. Correct Answers False
A contractor is responsible for improper workmanship during a
warranty period. Correct Answers True
, A letter of intent may be authorized to a contractor to start work
prior to the signing of the formal contract agreement. Correct
Answers True
A letter of transmittal requires a response. Correct Answers
False
A lockout is when a union goes on strike illegally. Correct
Answers False
A named peril builder's risk policy covers only the perils named
in the policy and any endorsements. Correct Answers True
A non-union construction contractor has no need to be familiar
with labor agreements. Correct Answers False
A payment bond guarantees payment to subcontractors and
material suppliers. Correct Answers True
A state right-to-work law prohibits discrimination in
employment on the basis of membership or non-membership in
a labor union. Correct Answers True
A subcontract must always be in writing. Correct Answers
False
A Type I differing site condition is when a site condition differs
from what is normally encountered on that kind of project.
Correct Answers False
"ORD" stands for "owner's right to delay." Correct Answers
False
"Time is of the essence" language makes time a material
obligation. Correct Answers True
"XCU" stands for explosion, collapse, and umbrella. Correct
Answers False
A bid bond penal sum can be either a fixed sum or a percentage
of the bid total. Correct Answers True
A certificate of substantial completion constitutes final
acceptance of the project. Correct Answers False
A contract may be terminated by a contractor without reason.
Correct Answers False
A contract may be terminated by full and satisfactory
performance. Correct Answers True
A contractor cannot subcontract work without the written
approval of the owner. Correct Answers False
A contractor is responsible for improper workmanship during a
warranty period. Correct Answers True
, A letter of intent may be authorized to a contractor to start work
prior to the signing of the formal contract agreement. Correct
Answers True
A letter of transmittal requires a response. Correct Answers
False
A lockout is when a union goes on strike illegally. Correct
Answers False
A named peril builder's risk policy covers only the perils named
in the policy and any endorsements. Correct Answers True
A non-union construction contractor has no need to be familiar
with labor agreements. Correct Answers False
A payment bond guarantees payment to subcontractors and
material suppliers. Correct Answers True
A state right-to-work law prohibits discrimination in
employment on the basis of membership or non-membership in
a labor union. Correct Answers True
A subcontract must always be in writing. Correct Answers
False
A Type I differing site condition is when a site condition differs
from what is normally encountered on that kind of project.
Correct Answers False
