26 Questions
What is the main responsibility of contract administration according to the text?
Enforcing provisions of the contract
Which of the following best describes the role of managing the parties to the contract?
Ensuring fulfillment of their roles and duties
What does 'putting contract in place' mean in the context of contract administration?
Formulating the legal framework for future performance
What is the primary focus of managing the contract according to the text?
Managing the legal aspects of the agreement
In contract administration, what is the significance of enforcing provisions/procedures of the contract?
Ensuring compliance with the contract's terms
How does planning for the contract differ from managing the contract in contract administration?
Planning happens before entering a contract, while managing occurs after contract execution
What type of contract is suitable when the extent of work is uncertain?
Lump-sum contract
When does a lump-sum contract with bills of quantities become restricted in use?
When substantial variations are expected
Under what circumstances are measurement contracts considered necessary?
When improvements to the design are expected
What factor makes a cost-reimbursement contract potentially beneficial for a client?
Client requiring early project start
Which type of contract is primarily based on competitive unit rates?
Schedule of rate contract
When are bills of quantities restricted in a lump-sum contract?
In cases of substantial expected variations
In which contract type does the procurement process mainly depend on the client's requirements?
Lump-sum contract
What circumstance necessitates a full comprehensive design in a lump-sum contract with bills of quantities?
Uncertainty in the extent of work
What leads to the restriction of using bills of quantities in a lump-sum contract?
Anticipation of substantial variations
When might a lump-sum contract be favored despite client's intention to change the design later?
Client desires early work commencement
What are the three traditional roles involved in a Design-Bid-Build system according to the text?
Owner, consultant, builder
What type of contracts are typically used in the traditional system based on the information provided?
Lump sum construction contracts
What is a disadvantage of the traditional procurement method according to the text?
Difficult to reduce the time required for design and construction
Which of the following is considered an advantage of the traditional method in relation to cost overruns?
Contractual protection for the owner
In a traditional Design-Bid-Build system, when does the construction professional typically enter the process?
Once design is complete
What competitive characteristic is associated with the traditional method based on the information provided?
Open market competition
One of the disadvantages of the traditional method is that it is challenging to reduce the time required for which phase of the project?
Design
In the Design-Bid-Build system, which party typically takes on the responsibilities for the contract according to the text?
Builder
What characteristic defines the owner's involvement in a Design-Bid-Build system when it comes to project risks?
Insulated from some cost overruns
What feature of the traditional procurement process makes it hard to shorten the overall project timeline?
Design and construction are done in parallel
Explore the concepts of contract administration in the context of building construction. Learn about the responsibilities involved in administering legally binding agreements between parties. This quiz covers topics from understanding definitions to practical responsibilities.
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