10 Questions
Construction firms are commonly known as 'engineers'.
False
Contracts do not play a central role in construction.
False
Construction is primarily a service-oriented activity.
False
Construction firms are not involved in establishing agreements for construction projects.
False
The chapter explores only one contractual form for construction projects.
False
In construction, purchasing a finished product is similar to buying a lawn mower or living room furniture.
True
Competitively bid contracts involve asking multiple suppliers to submit bids for different goods or services.
False
Negotiated contracts are typically chosen by businesses that provide goods or services on a small scale.
False
The factors considered for contractor responsibility include technical competence, bonding capacity, and past history of claims litigation.
True
Stipulated-sum contracts involve the contractor quoting separate prices for different work and services required by the contract plans.
False
This quiz focuses on different types of construction contracts such as competitive bid contracts, stipulated-sum contracts, and negotiated contracts. Topics also include the process of purchasing construction and project delivery methods.
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