![]() ![]() the amounts due for completed work project feasibility report fees Which pricing method will not impose a fiduciary duty on a contractor?ĭ. payments for material and equipment purchased for the work but stored offsite.ĭ. after substantial performance is achieved Which is not included in an application for payment?Ĭ. when the amount of liquidated damages needs to be determined C. after substantial performance is achievedĭ. when the final certificate for payment is releasedĬ. a surveying tool, similar to a total station a study, model, sketch, drawing or other representation created by the designer When is the punch list created?Ī. a study, model, sketch, drawing or other representation created by the designerĭ. written consent of the surety to final paymentĬ. ![]() an affidavit that all debts connected with the work have been paidī. is an approval of the contractor's work authorizes the owner to pay the contractor What is an "instrument of service"?Ī. notifies the owner to inspect the contractor's workĭ. authorizes the owner to pay the contractorĬ. once issued, bars the architect from rejecting the work upon final inspection.ī. schedule of values schedule of values A certificate for payment _Ī. cost-plus-fixed-fee cost-plus-fixed-fee Which should the contractor prepare first?ĭ. there is no ceiling price for the work the contractor must have a job cost accounting system Which pricing method exposes a contractor to the greatest risk of loss?ĭ. the contractor may be reimbursed for doing work over a second timeĭ. the contractor must have a job cost accounting systemĬ. commits an immaterial breach commits an immaterial breach For a federal agency cost-plus-fixed-fee contract _. economic price adjustment economic price adjustment When one of the parties to a contract _ the other party is excused from further performance on the contract.ĭ. specialty contractor designer Which phrase best describes a stipulation that allows a contractor to adjust its contract price based on changes in wage rates due to local labor agreements?ĭ. consist of generic manufacturers' information are specially prepared, not simply generic, pre-printed manufacturers' information The term "subcontractor" is not interchangeable with the term _. have the same weight (meaning importance) as specificationsĭ. are specially prepared, not simply generic, pre-printed manufacturers' informationĬ. are not to be reviewed by the contractorī. technical specifications a merger clause Shop drawings _. ![]() acts on submittals supervise the contractor The words, ".entire and integrated agreement." are used in _. conduct substantial completion inspectionsĭ. labor and materials work performed by the owner The designer is not typically authorized to _. ![]() Supplementary conditions Bid documents In an owner-contractor agreement, which is not included in the work of the contract? (Select one)ĭ. Privity exists in the agreement between two parties and only the two parties to a contract. A party is responsible for damage for which the party is partly at fault, no matter how small the fault. No prior verbal or written contracts can be introduced as evidence to interpret the meaning of the contract.ĭ. A provision that has to be fulfilled before a contractual duty arises.Ĭ. Privity exists in the agreement between two parties and only the two parties to a contract.ī. Which phrase best describes privity of contract? (Select one)Ī. engineer subcontractor Who supervises construction work?ĭ. The actual owner The owner's representative This contracting party is not a designer. Who is responsible for day-to-day decision-making on behalf of the owner? (Select one)ĭ. ![]()
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