Podcast Beta
Questions and Answers
True or false: All provisions in construction contracts have been validated by courts.
False
True or false: All construction contracts have the same types of provisions.
False
True or false: Contractors should only analyze the contract language after winning the bid for the project.
False
True or false: Courts have invalidated all contract provisions.
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True or false: Using standard contract forms is not important in the construction industry.
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True or false: Contractors should not analyze contract language before bidding on a project.
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True or false: Using standard contract forms is not important.
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True or false: Only the contractor has obligations under a construction contract.
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Study Notes
- Construction contracts have different types and provisions.
- The lecture will discuss common terminology, provisions, and obligations.
- Contracts can transfer risk and uncertainty to the contractor.
- Some provisions have been invalidated by courts, but not all.
- Contractors should analyze all contract language before bidding on a project.
- Standard contract forms (e.g. AIA, federal government, AGCA, ASCE) are well-established and legally interpreted.
- Using standard forms is important.
- Contracts can protect the owner.
- Contractors cannot assume unfair contract language will not be enforceable.
- Various parties have obligations under a contract.
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Description
Test your knowledge of construction contracts with this informative quiz! From the different types of provisions to analyzing contract language, this quiz covers it all. Learn about common terminology and obligations, and how contracts can transfer risk and uncertainty to the contractor. Discover the importance of using standard contract forms and how contracts can protect the owner. Don't assume unfair contract language won't be enforceable - take this quiz to understand the obligations of various parties involved in construction contracts!
