30 Questions
Which method can the Contractor use to propose a change in Contract Price?
Lump sum price
What is a Change Directive?
A document issued by the Consultant
What should the Contractor's percentage fee for Change Directives reflect?
The current industry practice
When are changes given by means of a Change Directive?
When changes have an impact on cost or time
What happens when the Contractor comes across concealed or unknown conditions at the Place of the Work?
The Consultant investigates the situation
According to the text, what is the purpose of a Change Order or a Change Directive?
To order changes within the general scope of the Contract Documents
According to the text, when can a Change Order be used?
To order changes within the general scope of the Contract Documents
According to the text, what is the role of the Consultant in the change process?
To notify the Contractor of proposed changes
According to the text, what should the submission from the Contractor include when describing the effect of the change?
A cost breakdown and identification of delays
According to the text, when should the Owner consult with legal counsel and insurance and surety advisors?
Before handling changes near the end of the Work
Which document provides a standard format for the financial information required of the Owner?
CCDC 12 - PROJECT FINANCIAL INFORMATION
What is the purpose of a contingency allowance?
To cover increases in cost for changes in the Work
What evidence can the Contractor ask the Owner to furnish to ensure the Owner has financing in place to complete the construction?
A construction loan commitment, a lender’s ‘set aside’ letter, a credit report, a corporate resolution or governmental appropriation, or other similarly positive documentation
What happens if the Consultant fails to issue a certificate indicating amounts due within 10 calendar days after the receipt of the original application?
The Contractor can terminate the Contract
When can the Owner require the Contractor to issue a Statutory Declaration stating that all accounts have been paid in full?
Upon payment of the first progress payment
According to the text, when does a dispute occur?
When one party disputes a claim made by the other party
What is the purpose of the claims process mentioned in the text?
To act upon notices in a timely manner
According to the text, what is an important aspect of the general condition mentioned?
The ability to take steps to mitigate the effects of a claim
Which part of the contract deals with dispute resolution?
Part 8 - DISPUTE RESOLUTION
According to the text, why is it important to act upon notices related to claims in a timely manner?
To mitigate the effects of a claim
According to the text, what is considered to be 'differing materially from those ordinarily found to exist' in relation to evaluating the Work prior to bid closing?
Conditions that may affect the Work
According to the text, what may be a basis for an extension to the Contract Time?
Abnormally adverse weather conditions
According to the text, what is the intent of equitably allocating risk in relation to weather-related delays?
Owner assumes weather-related risk from abnormally adverse weather conditions
According to the text, what should the Contractor do if they experience conditions that could not reasonably have been contemplated in setting the completion date of the Work?
Submit a detailed report in support of any claim for extension
According to the text, what must be confirmed in writing by a Change Order if there is a change or extension of the Contract Time?
The Contractor's termination of the Contract
Which of the following is true about cash allowances in bidding for a construction project?
Cash allowances are included in the bid price to cover unknown portions of the work.
What is the purpose of carefully defining the scope of work and the method of determining costs associated with each specified cash allowance?
To ensure no overlap occurs between the specified work and the cash allowance work.
Which of the following is NOT covered by cash allowances in bidding for a construction project?
Contractor's cost to provide (supply and install) a Product.
What happens when the actual cost of a specified cash allowance becomes known during the course of the Work?
The Contract Price must be adjusted by a separate Change Order for each cash allowance.
What is included in the Contract Price for cash allowances in bidding for a construction project?
Overhead and profit for all the specified allowances.
Learn about the methods of proposing a change in contract price according to CCDC 20-2008. This quiz covers the process of submitting a lump sum quotation with cost breakdown and negotiating for an acceptable amount. Test your knowledge on contract pricing methods now!
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