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