AIC 301 -

AIC 301 EXAM: LATEST A+ QUESTIONS AND ANSWERS BREAKDOWN what are the two primary goals of the claims dept? keep insurers promise & help insurer reach profit goal What is the insurers promise? to uphold the contract made on the policy (First or Third), and to protect the insured from lawsuits in claims that are found wrong What is the insurers promise in a property insurance policy? Pay for damages made by the claimant/policyholder to any property if fits the policy. What is the insurers p...

AIC 301 EXAM: LATEST A+ QUESTIONS AND ANSWERS BREAKDOWN Which of the following documents is used to communicate quickly with a subcontractor's project manager when an issue arises on a job site? Email. Which of the following documents is used for correspondence between the home office and the job site? Memorandum What is the best time to distribute the Meeting Minutes to the Participants? About one day after the meeting. What are the leadership skills needed to conduct a productive mee...

AIC 301 EXAM: LATEST A+ QUESTIONS AND ANSWERS BREAKDOWN What is a toe in relationship to a Cofferdam? The vertical sheeting extended below the bottom of the excavation at least 2 feet According to the OSHA Construction Safety Standards, what is required for shoring systems more than 20 feet deep? The Registered Professional Engineer shall design the protection system What is another name for Sheeting? Uprights What does "close sheeting" mean in relationship to a shoring system? Th...

AIC 301 EXAM: LATEST A+ QUESTIONS AND ANSWERS BREAKDOWN What is the structural lumber grade used where straightness and strength are the most important consideration, such as in concrete formwork? Construction Grade What does the abbreviation of S2S stamp on a piece of lumber mean? Smooth Two Sides What is the moisture content percentage of the lumber stamp abbreviation of S-DRY? Less than 19 What does the B-B designation plyform refer to? The front and back surface plies have a solid s...

AIC 301 EXAM: LATEST A+ QUESTIONS AND ANSWERS BREAKDOWN Which of the following documents is utilized for correspondence between the A/E or Owner and the Contractor? Formal Business Letter Which of the following documents is used for correspondence between the home office and the job site? Memorandum What is the best time to distribute the Working Agenda to the Participants? About one day prior to the meeting Which document describes the Suggested Agenda for the Preconstruction Meeting? ...

AIC 301 EXAM: LATEST A+ QUESTIONS AND ANSWERS BREAKDOWN What are the elements of a legally binding contract? To be legally binding, contracts must: • Contain an agreement between all parties • Involve parties with the legal capacity to contract • Contain mutual assent • Involve consideration • Have a legal purpose • Be in the form prescribed by law What are the similarities and differences between bilateral and unilateral contracts? In bilateral contracts, each party promis...

AIC 301 EXAM: LATEST A+ QUESTIONS AND ANSWERS BREAKDOWN Assignment The transfer of rights or property. Assignor The party to a contract who makes an assignment. Assignee The individual or entity to whom property, rights, or interests have been transferred. Statute of frauds A law to prevent fraud and perjury by requiring that certain contracts be in writing and contain the signature of the party responsible for performing that contract. Privity of contract The relationship that exists ...

AIC 301 EXAM: LATEST A+ QUESTIONS AND ANSWERS BREAKDOWN What is a fundamental element of a contract? mutual acceptance Which of the following contract types is generally considered to have the most risk for the contractor? lump sum What contract type is best used if the scope is well defined but not the quantities of material? . unit price In which delivery method is the construction administrator most like a consultant? CM agency . Which statement is true about the design-build ...

AIC 301 EXAM: LATEST A+ QUESTIONS AND ANSWERS BREAKDOWN Procurement Process bid scope of work award contract submittals order material and equipment installation and invoicing collect on delivery COD payment of procurement at the time of delivery Fair Labor Standards Act establishes minimum wage, overtime pay, and youth employment standards Illegal Immigration Reform and Immigrant Responsibility Act (IIRAIRA) an act of Congress to strengthen existing immigration laws and ensure an ...

AIC 301 EXAM: LATEST A+ QUESTIONS AND ANSWERS BREAKDOWN A lawsuit by or on behalf of a child with birth defects, alleging that, but for the doctor-defendant's negligent advice, the parents would not have conceived the child or would have terminated the pregnancy so as to avoid the pain and suffering resulting from the child's defects. Wrongful-life action A lawsuit by a parent for damages resulting from a pregnancy following a failed sterilization. Wrongful-pregnancy action (wrongful-c...