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Questions and Answers
What is the primary requirement for a project to be viable in a BOT contract?
What is the main purpose of the operation period in a BOT project?
Why is a defect liability period included in some BOT contracts?
What is one of the advantages of the BOT delivery system?
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Why do operators in a BOT project may decrease operating and maintenance expenditures towards the end of the concession period?
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What is a necessary step in a BOT project according to the text?
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What is the main reason for the failure of most BOT projects?
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What is the primary benefit of using a private entity in a BOT project?
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What is the role of a construction management consultancy firm in a delivery system?
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What is the main difference between Construction Management Consultancy and Facility Management Consultancy?
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What is the purpose of using a consortium of contractors in BOT projects?
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What is the significance of FIDIC Yellow Book in BOT projects?
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What should be done when addenda are issued within five days of bid opening?
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What is the correct order of priority of the contractual documents?
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What is typically included in the contract document?
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What is the typical composition of a construction agreement?
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What is typically included in the articles of the agreement?
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What is the correct order of the documents in the contract?
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What is the basis of payment to the contractor in a unit price contract?
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Why are unit price contracts commonly used for heavy/highway work?
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What happens when the actual quantity of an item varies from the estimated quantity by more than 15 or 20%?
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What is the purpose of the Bill of Quantity (BOQ) in a unit price contract?
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Who is responsible for estimating the quantities of work in a unit price contract?
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What is the characteristic of a project that makes it suitable for a unit price contract?
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What is the primary outcome of the Contract Formulation process?
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What is included in a Construction Contract Document?
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What is the purpose of Contract Administration?
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What is the outcome of the Negotiation process in Contract Formulation?
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What is the role of the Project Owners in the Negotiation process?
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What is the significance of the Contract Agreement in Contract Formulation?
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