ECM578 Contract Administration Learning Outcomes

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What is the main responsibility of contract administration according to the text?

Enforcing provisions of the contract (correct)

Planning for the legal framework

Managing the parties to the contract

Arranging the formal agreement

Which of the following best describes the role of managing the parties to the contract?

Ensuring fulfillment of their roles and duties (correct)

Legal interpretation of the contract terms

Overseeing the physical construction work

Managing the financial aspects

What does 'putting contract in place' mean in the context of contract administration?

Managing the conflict resolution procedures

Formulating the legal framework for future performance (correct)

Negotiating the contract terms

Executing construction tasks

What is the primary focus of managing the contract according to the text?

Managing the legal aspects of the agreement Signup and view all the answers

In contract administration, what is the significance of enforcing provisions/procedures of the contract?

Ensuring compliance with the contract's terms Signup and view all the answers

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 Signup and view all the answers

What type of contract is suitable when the extent of work is uncertain?

Lump-sum contract Signup and view all the answers

When does a lump-sum contract with bills of quantities become restricted in use?

When substantial variations are expected Signup and view all the answers

Under what circumstances are measurement contracts considered necessary?

When improvements to the design are expected Signup and view all the answers

What factor makes a cost-reimbursement contract potentially beneficial for a client?

Client requiring early project start Signup and view all the answers

Which type of contract is primarily based on competitive unit rates?

Schedule of rate contract Signup and view all the answers

When are bills of quantities restricted in a lump-sum contract?

In cases of substantial expected variations Signup and view all the answers

In which contract type does the procurement process mainly depend on the client's requirements?

Lump-sum contract Signup and view all the answers

What circumstance necessitates a full comprehensive design in a lump-sum contract with bills of quantities?

Uncertainty in the extent of work Signup and view all the answers

What leads to the restriction of using bills of quantities in a lump-sum contract?

Anticipation of substantial variations Signup and view all the answers

When might a lump-sum contract be favored despite client's intention to change the design later?

Client desires early work commencement Signup and view all the answers

What are the three traditional roles involved in a Design-Bid-Build system according to the text?

Owner, consultant, builder Signup and view all the answers

What type of contracts are typically used in the traditional system based on the information provided?

Lump sum construction contracts Signup and view all the answers

What is a disadvantage of the traditional procurement method according to the text?

Difficult to reduce the time required for design and construction Signup and view all the answers

Which of the following is considered an advantage of the traditional method in relation to cost overruns?

Contractual protection for the owner Signup and view all the answers

In a traditional Design-Bid-Build system, when does the construction professional typically enter the process?

Once design is complete Signup and view all the answers

What competitive characteristic is associated with the traditional method based on the information provided?

Open market competition Signup and view all the answers

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 Signup and view all the answers

In the Design-Bid-Build system, which party typically takes on the responsibilities for the contract according to the text?

Builder Signup and view all the answers

What characteristic defines the owner's involvement in a Design-Bid-Build system when it comes to project risks?

Insulated from some cost overruns Signup and view all the answers

What feature of the traditional procurement process makes it hard to shorten the overall project timeline?

Design and construction are done in parallel Signup and view all the answers