24 Questions
True or false: Contract administration and contract management are interchangeable terms.
False
What is the difference between contract administration and contract management?
Contract administration involves commercial handling of a contract until termination, while contract management involves the overall supervision of a contract.
True or false: Contract administration and contract management are two interchangeable terms.
False
What are the phases of construction contract management?
Pre-contract, bid evaluation, contract development, administration, and closeout.
True or false: Contract administration only involves handling a contract until it is signed.
False
True or false: Contract administration involves handling a contract only until it is signed.
False
Why is effective contract management important?
It is crucial for successful project completion.
True or false: Construction contract management includes only two phases: pre-contract and closeout.
False
True or false: Construction contract management involves five distinct phases.
True
True or false: Effective contract management is not important for project completion.
False
True or false: Effective contract management is not important for successful project completion.
False
Which of the following is NOT an important aspect of contract administration?
Invoices
True or false: Correspondence is not an important aspect of contract administration.
False
True or false: Correspondence is not an important aspect of contract administration.
False
What is the purpose of daily logs?
To document activities and progress on a construction site
True or false: Daily logs are not necessary for documenting the progress of a construction project.
False
True or false: Daily logs document the future plans for a construction site.
False
What do inspection reports document?
Results of inspections conducted during the contract.
True or false: Inspection reports are not necessary for recording the results of inspections conducted during the contract.
False
True or false: Inspection reports document the progress of a construction project.
False
What do change orders and payment requests document?
Modifications to the contract and payment for completed work.
True or false: Construction drawings are not necessary for contract administration.
False
True or false: Construction drawings are only useful during the pre-contract phase.
False
What are construction drawings?
Records of the final design of a project.
Study Notes
- Contract administration and contract management are different phases of the contract lifecycle.
- Contract administration involves commercial handling of a contract until termination.
- Construction contract management involves several phases: pre-contract, bid evaluation, contract development, administration, and closeout.
- Effective contract management is crucial for successful project completion.
- Daily logs, inspection reports, change orders, payment requests, construction drawings, and correspondence are important aspects of contract administration.
- Daily logs document activities and progress on a construction site.
- Inspection reports document results of inspections conducted during the contract.
- Change orders and payment requests document modifications to the contract and payment for completed work.
- Construction drawings are records of the final design of a project.
- Correspondence documents discussions or agreements during the contract.
Test your knowledge on contract administration and management with this informative quiz! Learn about the different phases of the contract lifecycle, important documentation needed for successful project completion, and the difference between contract administration and management. Brush up on your understanding of pre-contract evaluation, bid evaluation, contract development, and closeout procedures. This quiz will provide you with essential keywords and insights for effective contract management in the construction industry.
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