CMGT 120 MIDTERM | TOP SCORES MADE SIMPLE |
TRUSTED TEST SOLUTIONS!
Retainage Answer: Percentage of payment withheld until project completion.
Liquidated Damages Answer: Predetermined daily charge for project delay.
Notice to Proceed Answer: Formal authorization to begin construction.
No Damage for Delay Answer: Clause preventing contractor from claiming
compensation for owner-caused delays.
Request for Information (RFI) Answer: Written request to clarify drawings or
specifications.
Unbalanced Bidding Answer: Manipulating bid unit prices to gain advantage.
Bid Shopping Answer: Sharing bid prices to undercut subcontractors.
Davis-Bacon Act / Prevailing Wage Answer: Federal law requiring fair wages on
public projects.
Alternate Answer: Optional scope or material variation in bid.
Addendum Answer: Modification to bid documents before award.
Prequalification Answer: Screening contractors for financial and technical capability.
Responsive Bidder Answer: Submits a bid that meets all formal requirements.
Responsible Bidder Answer: Demonstrates financial stability, experience, and
capability.
Punch List Answer: List of final corrections before final payment.
Change Order Answer: Authorized change to contract cost, time, or scope.
1
APPHIA - Crafted with Care and Precision for Academic Excellence.
, Bid Withdrawal Answer: Removing a submitted bid before contract award.
Progress Payment Answer: Payment made periodically as work is completed.
Competitive Bid Answer: Contract selection based on lowest responsible price.
Negotiated Bid Answer: Contractor selected through direct negotiation.
Weighted Criteria Matrix Answer: Evaluation tool using weighted scoring for
proposals.
Termination for Convenience Answer: Owner ends contract without contractor fault.
Termination for Cause Answer: Owner ends contract due to contractor default.
Partnering Answer: Team-building strategy to improve collaboration and reduce
disputes.
Mediation Answer: Non-binding dispute resolution facilitated by a neutral party.
Arbitration Answer: Binding dispute resolution by a neutral arbitrator.
Litigation Answer: Formal legal dispute resolution in court.
Meeting of the Minds Answer: Mutual understanding forming a contract agreement.
Consideration Answer: Exchange of value required for a valid contract.
Acceleration Answer: Requirement to complete work faster than scheduled.
Owner Answer: Funds and defines the project; ultimate decision-maker.
Designer Answer: Prepares drawings and specifications; represents owner's design
intent.
Contractor Answer: Executes construction and manages subcontractors.
Subcontractor Answer: Performs specialty trades under prime contractor.
Supplier Answer: Provides materials and equipment for construction.
2
APPHIA - Crafted with Care and Precision for Academic Excellence.
TRUSTED TEST SOLUTIONS!
Retainage Answer: Percentage of payment withheld until project completion.
Liquidated Damages Answer: Predetermined daily charge for project delay.
Notice to Proceed Answer: Formal authorization to begin construction.
No Damage for Delay Answer: Clause preventing contractor from claiming
compensation for owner-caused delays.
Request for Information (RFI) Answer: Written request to clarify drawings or
specifications.
Unbalanced Bidding Answer: Manipulating bid unit prices to gain advantage.
Bid Shopping Answer: Sharing bid prices to undercut subcontractors.
Davis-Bacon Act / Prevailing Wage Answer: Federal law requiring fair wages on
public projects.
Alternate Answer: Optional scope or material variation in bid.
Addendum Answer: Modification to bid documents before award.
Prequalification Answer: Screening contractors for financial and technical capability.
Responsive Bidder Answer: Submits a bid that meets all formal requirements.
Responsible Bidder Answer: Demonstrates financial stability, experience, and
capability.
Punch List Answer: List of final corrections before final payment.
Change Order Answer: Authorized change to contract cost, time, or scope.
1
APPHIA - Crafted with Care and Precision for Academic Excellence.
, Bid Withdrawal Answer: Removing a submitted bid before contract award.
Progress Payment Answer: Payment made periodically as work is completed.
Competitive Bid Answer: Contract selection based on lowest responsible price.
Negotiated Bid Answer: Contractor selected through direct negotiation.
Weighted Criteria Matrix Answer: Evaluation tool using weighted scoring for
proposals.
Termination for Convenience Answer: Owner ends contract without contractor fault.
Termination for Cause Answer: Owner ends contract due to contractor default.
Partnering Answer: Team-building strategy to improve collaboration and reduce
disputes.
Mediation Answer: Non-binding dispute resolution facilitated by a neutral party.
Arbitration Answer: Binding dispute resolution by a neutral arbitrator.
Litigation Answer: Formal legal dispute resolution in court.
Meeting of the Minds Answer: Mutual understanding forming a contract agreement.
Consideration Answer: Exchange of value required for a valid contract.
Acceleration Answer: Requirement to complete work faster than scheduled.
Owner Answer: Funds and defines the project; ultimate decision-maker.
Designer Answer: Prepares drawings and specifications; represents owner's design
intent.
Contractor Answer: Executes construction and manages subcontractors.
Subcontractor Answer: Performs specialty trades under prime contractor.
Supplier Answer: Provides materials and equipment for construction.
2
APPHIA - Crafted with Care and Precision for Academic Excellence.
