1. For which type of contract does the owner provide book of unit…
Question Answered step-by-step 1. For which type of contract does the owner provide book of unit… 1. For which type of contract does the owner provide book of unit costs to use for calculating how much will be paid for the work?Group of answer choicesA. Cost-plus with GMP B. Cost-plus C. Unit price D. Job order contract 2. What type of contract would be best suited for a DBB building project?Group of answer choicesA. Cost Plus B. Cost Plus with GMP C. Lump Sum D. Unit Prices 3. Owners may sometimes accept a small amount of front-end unbalancing so a contractor can finance the early stages of a project Group of answer choicesA. True B. False 4. What is the point at which an owner can typically begin to occupy a building or use it for its intended purpose? Group of answer choicesA. After final completion B. When the payment bond is terminated C. At the end of the warranty period D. After substantial completion 5. On a unit price contract, the periodic payment amount is determined based on Group of answer choicesA. the total amount due, divided by the number of weeks the project is expected to take to complete B. the unit prices originally bid and quantities measured as performed C. the schedule of values and percentage completion of each pay item D. the submitted invoices, receipts, and timesheets, plus contractor’s fee 6. When might a change by the owner be regarded as a “cardinal” change?Group of answer choicesA. The change drastically modified the method or sequence of construction B. The change resulted in necessary time extensions. C. The change was communicated verbally and not in writing. D. The change caused the contractor to lose money. 7. A contractor may typically terminate a construction contract for convenience.Group of answer choicesA. True B. False 8. Which of the following is/are not a differing site condition? Select all that apply.Group of answer choicesNormal, bad weather Unexpected minor price increases Civil unrest Owner failure to get a permit 9. An owner should expect higher bids if they accept more of the risk for themself regarding differing site conditions.Group of answer choicesA. True B. False 10. The Eichleay formula is used to calculate theGroup of answer choicesA. Amount of home-office overhead associated with a delay on a project B. Amount of jobsite overhead associated with a delay on a project C. Amount of delay caused by the owner on a project D. Amount of delay caused by the contractor on a project E. Amount of liquidated damages to assess on a project completed late Social Science Law CE 424 Share QuestionEmailCopy link Comments (0)
