Podcast
Questions and Answers
Which form is used to obtain information on capacity, skill, and experience of contractors bidding on construction projects?
Which form is used to obtain information on capacity, skill, and experience of contractors bidding on construction projects?
- Contractor's Prequalification Statement
- Contractor's Evaluation Statement
- Contractor's Qualification Statement (correct)
- Contractor's Selection Statement
What should be considered when determining prequalification criteria?
What should be considered when determining prequalification criteria?
- Requesting additional qualifications not specified in the Contractor's Qualification Statement
- Investigating qualifications based on a predetermined set of criteria (correct)
- Requesting information irrelevant to the preselection review
- Indicating certified qualifications of the Owner
What can the Owner do to suit specific Project requirements?
What can the Owner do to suit specific Project requirements?
- Specify certified qualifications of the Contractor
- Request additional qualifications (correct)
- Request irrelevant information
- Insert additional qualifications in the Contractor's Qualification Statement
What are examples of certified qualifications that can be indicated in the Contractor's Qualification Statement?
What are examples of certified qualifications that can be indicated in the Contractor's Qualification Statement?
Which of the following is NOT included in the completed Contractor's Qualification Statement Standard Form?
Which of the following is NOT included in the completed Contractor's Qualification Statement Standard Form?
According to the text, what is the purpose of the Contractor's Qualification Statement Standard Form?
According to the text, what is the purpose of the Contractor's Qualification Statement Standard Form?
According to the text, when can the Contractor request the Owner to furnish reasonable evidence of financial arrangements?
According to the text, when can the Contractor request the Owner to furnish reasonable evidence of financial arrangements?
According to the text, what must the Contractor do before suspending the Work or terminating the Contract?
According to the text, what must the Contractor do before suspending the Work or terminating the Contract?
According to the text, what can a Contractor do if there is no financial arrangement in the Contract for contingencies?
According to the text, what can a Contractor do if there is no financial arrangement in the Contract for contingencies?
According to the text, what types of information may the Contractor require from the Owner?
According to the text, what types of information may the Contractor require from the Owner?
According to the text, what should be included in the completed Project Financial Information Standard Form?
According to the text, what should be included in the completed Project Financial Information Standard Form?
According to the text, when should the Owner make progress payments to the Contractor?
According to the text, when should the Owner make progress payments to the Contractor?
Which form should include the total value of work performed and products delivered to the Place of the Work at the end of the period covered by the application?
Which form should include the total value of work performed and products delivered to the Place of the Work at the end of the period covered by the application?
When should the Contractor submit the Schedule of Values Form to the Consultant?
When should the Contractor submit the Schedule of Values Form to the Consultant?
What is the purpose of the Schedule of Values Form?
What is the purpose of the Schedule of Values Form?
What should the Contractor include with each application for payment based on the Schedule of Values?
What should the Contractor include with each application for payment based on the Schedule of Values?
According to the text, when should the applications for progress payment be dated?
According to the text, when should the applications for progress payment be dated?
What is the purpose of the schedule of values in the application for payment?
What is the purpose of the schedule of values in the application for payment?
What must the Contractor submit together with an application for payment for the release of holdback monies?
What must the Contractor submit together with an application for payment for the release of holdback monies?
What does the Contractor need to do before submitting the application for payment?
What does the Contractor need to do before submitting the application for payment?
Which form should include a list of items and their numbers that form the Work?
Which form should include a list of items and their numbers that form the Work?
According to the text, which form should provide information as to the status of the Contract Price?
According to the text, which form should provide information as to the status of the Contract Price?
What does the Contract Price include, as described in GC 4.2?
What does the Contract Price include, as described in GC 4.2?
Who is responsible for reviewing the Contractor's applications for payment and issuing a certificate for payment?
Who is responsible for reviewing the Contractor's applications for payment and issuing a certificate for payment?
What is the formula to calculate the value of changes less the contingency allowance?
What is the formula to calculate the value of changes less the contingency allowance?
True or false: The completed Schedule of Values Form should include the name and address of the Contractor?
True or false: The completed Schedule of Values Form should include the name and address of the Contractor?
True or false: The completed Schedule of Values and Work Performed Form should include the Contractor's name and address?
True or false: The completed Schedule of Values and Work Performed Form should include the Contractor's name and address?
True or false: The Certificate For Payment Form should provide information as to the status of the Contract Price?
True or false: The Certificate For Payment Form should provide information as to the status of the Contract Price?
True or false: The Contract Price may include a contingency allowance as described in GC 4.2?
True or false: The Contract Price may include a contingency allowance as described in GC 4.2?
True or false: The Consultant forwards the completed Certificate for Payment Form to the Owner?
True or false: The Consultant forwards the completed Certificate for Payment Form to the Owner?
Flashcards are hidden until you start studying