Construction Contracting Exam 1

Most employers in construction management are looking for what characteristics in an employee?

Someone with good technical and people skills

Why is contracting important in the construction industry?

Contracting is the way in which many relationships are defined and governed by

Which of the following is not required for a contract to be valid?

To be written or typed

In interpreting a contract, which of the following has the highest priority? 

clear unambiguous contract language

Under which of the following circumstances is prior dealings used to interpret the contract?

When the contract is ambiguous and there is a prior pattern of behavior between the parties

Which of the following is the least adequate rationale for competitive bidding for public contracts?

To award contracts based on the contractor’s qualifications

Which of the following is the least likely to be part of competitive bidding? 

Award the contract based on the best prior experience and the best price

In which of the following situations is a bidder not responsive?

The bidder’s intent is only clear from a letter to the owner in addition to the bid 

Which of the following is the least relevant to a responsible bidder’s ability to perform?

Ethical integrity

Which of the following is the least accurate concerning a public owner’s right to reservation?

The lowest bidder must be awarded the contract

Which of the following is the most accurate concerning best value bidding

All evaluation factors must be clearly states in the solicitation

Which of the following is the most likely to accepted under electronic bidding?

A bid that was late because the owner’s server was down for several hours before the deadline

Which of the following is the costliest kind of bid mistake?

An error in engineering judgement

Which of the following is the least important aspect of contract reputation?

A double-breasted operation

Which of the following is the least reasonable in case of financial problems?

Contractor lacking capital may simply force subcontractors to cover the shortfall

Which of the following is untrue concerning a double-breasted operation

The non-union company is a subsidiary of the union company

Which of the following is the least likely to obligate a subcontractor?

When a prime can easily find a replacement subcontractor at the same cost

What is the least important item in a subcontractor contract? 

How the vendor supplies materials to the prime

Which of the following applies the least to a flow-up?

The contractor has the same rights against the subcontractor

Under which of the following cases is the prime obligated to pay subcontractors before receiving from the owner? 

Pay-when-paid

What is not a principle of IPD according to ConsensusDocs 300? 

Orderly and sequential steps

What is untrue about a IPD risk pool?

The incentives are structured to motivate individual team members

Which of the following has the risk shifted the most to the contractor?

DB

Which of the following is untrue about DB?

DB has excellent checks and balances since the contractor handles both design and construction