CON 3900 FINAL EXAM AND PRACTICE EXAM NEWEST 2026
TEST BANK|CON 3900 FINAL EXAM PREP WITH COMPLETE 300
REAL EXAM QUESTIONS AND CORRECT VERIFIED ANSWERS
ALREADY GRADED A+ (MOST RECENT!!)
1. Which type of construction contract places the greatest risk on the owner?
A. Lump sum
B. Cost plus fixed fee
C. Guaranteed maximum price (GMP)
D. Unit price
-Correct Answer- Cost plus fixed fee
2. A construction contract where the contractor is paid for all allowable costs plus
a percentage of those costs is called:
A. Cost plus percentage of cost
B. Cost plus fixed fee
C. Time and materials
D. Unit price
-Correct Answer- Cost plus percentage of cost
3. Which contract type is most appropriate when the scope of work is well-
defined and changes are unlikely?
A. Lump sum
B. Cost plus
C. Time and materials
1
,D. Unit price
-Correct Answer- Lump sum
4. The document that defines the legal relationship between the owner and
contractor is the:
A. Construction agreement
B. General conditions
C. Specifications
D. Bill of quantities
-Correct Answer- Construction agreement
5. In a construction contract, "force majeure" refers to:
A. Deliberate delay by the contractor
B. Unforeseeable events beyond control (natural disasters, war)
C. Owner's right to terminate
D. Liquidated damages
-Correct Answer- Unforeseeable events beyond control (natural disasters, war)
6. A contractor fails to complete a project on time. The contract includes a clause
requiring payment of $500 per day for each day of delay. This is known as:
A. Consequential damages
B. Liquidated damages
C. Punitive damages
D. Nominal damages
-Correct Answer- Liquidated damages
2
,7. The legal principle that prevents a party from contradicting a previous act or
statement is called:
A. Estoppel
B. Indemnification
C. Subrogation
D. Accord and satisfaction
-Correct Answer- Estoppel
8. A mechanic's lien is filed by:
A. The owner against the contractor
B. A subcontractor or supplier who has not been paid
C. The bank financing the project
D. The architect
-Correct Answer- A subcontractor or supplier who has not been paid
9. The document that outlines the terms, conditions, and responsibilities of all
parties in a construction project is typically the:
A. General conditions
B. Special conditions
C. Supplementary conditions
D. Scope of work
-Correct Answer- General conditions
3
, 10. Which type of bond guarantees that the contractor will perform the work as
specified?
A. Payment bond
B. Performance bond
C. Bid bond
D. Maintenance bond
-Correct Answer- Performance bond
11. A bid bond ensures that:
A. The contractor will pay subcontractors
B. The contractor will enter into the contract if awarded
C. The owner will pay the contractor
D. The architect will complete drawings on time
-Correct Answer- The contractor will enter into the contract if awarded
12. When a contractor hires a subcontractor, the subcontractor is considered
a(n):
A. Agent of the owner
B. Independent contractor
C. Employee of the general contractor
D. Joint venturer
-Correct Answer- Independent contractor
13. The legal doctrine that holds a general contractor responsible for the safety of
all workers on site, including subcontractors, is called:
4
TEST BANK|CON 3900 FINAL EXAM PREP WITH COMPLETE 300
REAL EXAM QUESTIONS AND CORRECT VERIFIED ANSWERS
ALREADY GRADED A+ (MOST RECENT!!)
1. Which type of construction contract places the greatest risk on the owner?
A. Lump sum
B. Cost plus fixed fee
C. Guaranteed maximum price (GMP)
D. Unit price
-Correct Answer- Cost plus fixed fee
2. A construction contract where the contractor is paid for all allowable costs plus
a percentage of those costs is called:
A. Cost plus percentage of cost
B. Cost plus fixed fee
C. Time and materials
D. Unit price
-Correct Answer- Cost plus percentage of cost
3. Which contract type is most appropriate when the scope of work is well-
defined and changes are unlikely?
A. Lump sum
B. Cost plus
C. Time and materials
1
,D. Unit price
-Correct Answer- Lump sum
4. The document that defines the legal relationship between the owner and
contractor is the:
A. Construction agreement
B. General conditions
C. Specifications
D. Bill of quantities
-Correct Answer- Construction agreement
5. In a construction contract, "force majeure" refers to:
A. Deliberate delay by the contractor
B. Unforeseeable events beyond control (natural disasters, war)
C. Owner's right to terminate
D. Liquidated damages
-Correct Answer- Unforeseeable events beyond control (natural disasters, war)
6. A contractor fails to complete a project on time. The contract includes a clause
requiring payment of $500 per day for each day of delay. This is known as:
A. Consequential damages
B. Liquidated damages
C. Punitive damages
D. Nominal damages
-Correct Answer- Liquidated damages
2
,7. The legal principle that prevents a party from contradicting a previous act or
statement is called:
A. Estoppel
B. Indemnification
C. Subrogation
D. Accord and satisfaction
-Correct Answer- Estoppel
8. A mechanic's lien is filed by:
A. The owner against the contractor
B. A subcontractor or supplier who has not been paid
C. The bank financing the project
D. The architect
-Correct Answer- A subcontractor or supplier who has not been paid
9. The document that outlines the terms, conditions, and responsibilities of all
parties in a construction project is typically the:
A. General conditions
B. Special conditions
C. Supplementary conditions
D. Scope of work
-Correct Answer- General conditions
3
, 10. Which type of bond guarantees that the contractor will perform the work as
specified?
A. Payment bond
B. Performance bond
C. Bid bond
D. Maintenance bond
-Correct Answer- Performance bond
11. A bid bond ensures that:
A. The contractor will pay subcontractors
B. The contractor will enter into the contract if awarded
C. The owner will pay the contractor
D. The architect will complete drawings on time
-Correct Answer- The contractor will enter into the contract if awarded
12. When a contractor hires a subcontractor, the subcontractor is considered
a(n):
A. Agent of the owner
B. Independent contractor
C. Employee of the general contractor
D. Joint venturer
-Correct Answer- Independent contractor
13. The legal doctrine that holds a general contractor responsible for the safety of
all workers on site, including subcontractors, is called:
4
