18 Questions
What type of specifications are used when only one specific product can be used for an installation?
Proprietary specifications
Which element of organizational structures focuses on how functions are divided among different parts of an organization?
Distribution of functions
What is the driving force behind every organization?
Management team
Which type of contract involves a situation where the final cost is determined after completion based on the actual costs incurred during the project?
Cost Plus Variable Percentage Contract
What is the primary purpose of an organization in terms of administration?
To direct and coordinate activities
Which type of structure in an organization focuses on coordinating activities to implement a given strategy?
Structural organization
What are some key components found in a construction specification document?
Materials, Workmanship, and Performance Standards
Which of the following is NOT typically included in a simple contract agreement document?
Detailed Construction Specifications
What does a construction specification document primarily outline?
Quality and Performance Criteria
Which type of specification provides details on both the types of materials needed and how to measure installations?
Prescriptive Specification
In a construction agreement, what element describes the operational requirements in a project?
Performance Description
Which document type includes Owner General Contractor License number in a contract agreement?
Simple Document
What type of contract is a Lump Sum Contract also known as?
Stipulated sum contract
Under a Unit Price Contract, how is the contractor paid?
For the actual quantity of each line item performed
What does a Cost Plus Fixed Fee Contract involve?
Paying a fee based on the actual costs plus a fixed fee
What does a Target Estimate Contract specify?
An estimate that may change during construction
Which element is typically outlined in a Construction Agreement?
Rights of both parties involved
What is Guaranteed Maximum Cost Contract synonymous with?
Cost Plus Variable Percentage Contract
Explore the essential elements and documents included in a contract agreement, such as owner details, work description, contract price, materials, and completion dates. Understand the significance of construction specifications in defining materials, workmanship standards, and warranties.
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