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Questions and Answers
What happens if the Owner fails to pay the Contractor within thirty (30) days after the arbitration award?
What happens if the Owner fails to pay the Contractor within thirty (30) days after the arbitration award?
- The Contractor is compelled to suspend work.
- The Contract sum is increased by the Contractor's reasonable shutdown costs. (correct)
- The Owner must terminate the Contract immediately.
- The Contract sum is decreased by the amount owed.
Under what circumstances may the Owner terminate the Contract?
Under what circumstances may the Owner terminate the Contract?
- If the Contractor fails to hire a qualified architect.
- If the Contractor requests a change order.
- If the Contractor becomes insolvent or assigns assets for creditors. (correct)
- If the Contractor exceeds the agreed Schedule of Completion.
What action can the Owner take if the Contractor fails to provide competent workmen or subcontractors?
What action can the Owner take if the Contractor fails to provide competent workmen or subcontractors?
- Increase the project budget.
- Decrease the project scope.
- Assign a new Superintendent to oversee the project.
- Terminate the Contract after written notice. (correct)
When may 'sufficient cause' exist for terminating the Contract?
When may 'sufficient cause' exist for terminating the Contract?
What happens if the Contractor is compelled to suspend work due to hardships or difficulties?
What happens if the Contractor is compelled to suspend work due to hardships or difficulties?
How can the Owner finish the work if they terminate the Contract with the Contractor?
How can the Owner finish the work if they terminate the Contract with the Contractor?
What is the time limit for making claims for extra cost as per the Contract?
What is the time limit for making claims for extra cost as per the Contract?
In the matter of arbitration, what is NOT a condition precedent to arbitration according to the Contract?
In the matter of arbitration, what is NOT a condition precedent to arbitration according to the Contract?
Under what circumstances can the Contractor suspend work or terminate the Contract without penalty?
Under what circumstances can the Contractor suspend work or terminate the Contract without penalty?
What action can the Contractor take if an order of court causes work stoppage for over 90 days?
What action can the Contractor take if an order of court causes work stoppage for over 90 days?
What is the time frame given for the Architect to act upon a Request for Payment as per the General Conditions of the Contract?
What is the time frame given for the Architect to act upon a Request for Payment as per the General Conditions of the Contract?
In case of delay in payment from the Owner, what action can the Contractor take based on the Contract?
In case of delay in payment from the Owner, what action can the Contractor take based on the Contract?
What type of insurance is the Owner required to maintain to protect employees under his employ or services?
What type of insurance is the Owner required to maintain to protect employees under his employ or services?
Before the start of construction, who needs to provide a list of personnel assigned to the project for insurance coverage?
Before the start of construction, who needs to provide a list of personnel assigned to the project for insurance coverage?
What is an optional insurance that the Owner can choose to maintain for protection from contingent liability?
What is an optional insurance that the Owner can choose to maintain for protection from contingent liability?
When does the final payment become due according to the text?
When does the final payment become due according to the text?
What document must the Contractor provide to the Owner to release all liens before final payment?
What document must the Contractor provide to the Owner to release all liens before final payment?
What is a mechanism provided for resolving disputes between parties according to the text?
What is a mechanism provided for resolving disputes between parties according to the text?
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