2026 COMPLETE SOLVED ANSWERS
◉Scope of Work is a description of which of the following. Select all
that apply. Answer: The list of construction obligations, as well as
the work activties that all contractors, subcontractors, and suppliers
are obligated to do.
◉What are examples of contract documents?. Answer: Technical
specifications, Scope of work, Design drawings, Blueprints
◉The right to subcontract any project work has to be outlined by
which of the following. Select all that apply.. Answer: The contract
◉Does a Lump Sum Turnkey have better protections than a normal
Lump Sum contract?. Answer: Yes
◉Negotiating a contract with no compromise can affect which of the
following.. Answer: Delay the start date
, ◉What is a Lump-Sum contract?. Answer: A contract that includes a
set price and fee for all services provided, including all labor and
materials.
◉Who is responsible for selecting and managing the sub-contractor
on a project?. Answer: Prime/General Contractor
◉Details for Payment Terms are defined by which of the following.
Select all that apply.. Answer: Contract
◉What is a Unit Price contract?. Answer: The unit price contract
details prices per unit, which may include materials, labor, overhead,
supplies, and profit.
◉What is the best definition of dispute resolution?. Answer: The
acceptable methods for resolving any disputes that may arise before,
during, or after the construction process, such as arbitration,
adjudication, or mediation.
◉What is a Guaranteed Maximum Price Contract?. Answer: The
maximum amount the owner will have to pay the contractor is
capped and is not exceed.