CMGT 385 CUMULATIVE EXAM #2 QUESTIONS WITH
VERIFIED ANSWERS
Correct 27
Incorrect 00
1 of 27
Definition
Statutory Law
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Mechanic's Liens are governed by?
What legal doctrine would a court most likely use to award a prime contractor the
difference between the amount of a withdrawn bid and the amount of the eventual
replacement subcontractors bid/cost?
Cost Plus (Time and Material)
The term "Common Law" refers to:
, Don't know?
2 of 27
Definition
Heavy highway contractor
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What legal doctrine would a court most likely use to award a prime contractor the
difference between the amount of a withdrawn bid and the amount of the eventual
replacement subcontractors bid/cost?
Public owner must award contract to the lowest ________ and______ bidder
Which of the following is/are elements of proper contract formation?
-Acceptance
-Consideration
-Offer
-All of the above
-Two of the above
Which of the following would most likely employ unit pricing as their typical
contracting method?
-Private owner seeking a bid on a home
-General contractor bidding a hospital
-Heavy highway contractor
-General contractor bidding an office building and a parking structure
, Don't know?
3 of 27
Term
Cost-Plus w/GMP
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Predetermined, set price for the
entire project. Risk is placed on the
Price is based on cost per unit.
contractor, but this can decrease
workmanship and quality.
Owner will pay the cost, but the Includes cost control measures. Used
contractor agrees to a max for small projects with a poorly
price. Sometimes have shared defined scope. Final cost is unknown
savings clauses. to both parties.
Don't know?
VERIFIED ANSWERS
Correct 27
Incorrect 00
1 of 27
Definition
Statutory Law
Give this one a try later!
Mechanic's Liens are governed by?
What legal doctrine would a court most likely use to award a prime contractor the
difference between the amount of a withdrawn bid and the amount of the eventual
replacement subcontractors bid/cost?
Cost Plus (Time and Material)
The term "Common Law" refers to:
, Don't know?
2 of 27
Definition
Heavy highway contractor
Give this one a try later!
What legal doctrine would a court most likely use to award a prime contractor the
difference between the amount of a withdrawn bid and the amount of the eventual
replacement subcontractors bid/cost?
Public owner must award contract to the lowest ________ and______ bidder
Which of the following is/are elements of proper contract formation?
-Acceptance
-Consideration
-Offer
-All of the above
-Two of the above
Which of the following would most likely employ unit pricing as their typical
contracting method?
-Private owner seeking a bid on a home
-General contractor bidding a hospital
-Heavy highway contractor
-General contractor bidding an office building and a parking structure
, Don't know?
3 of 27
Term
Cost-Plus w/GMP
Give this one a try later!
Predetermined, set price for the
entire project. Risk is placed on the
Price is based on cost per unit.
contractor, but this can decrease
workmanship and quality.
Owner will pay the cost, but the Includes cost control measures. Used
contractor agrees to a max for small projects with a poorly
price. Sometimes have shared defined scope. Final cost is unknown
savings clauses. to both parties.
Don't know?
