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44 Cards in this Set

  • Front
  • Back
A general contract method is the only method in which the owner knows the total cost prior to construction.
True
To be called a prime contractor you must have a contract with the owner
True
The Owner/contractor agreement typically used by the owner.
AIA 101
The General Contitions document typically used by the owner
AIA 201
The General contractor/Subcontractor agreement typically used by the GC.
AIA 401
What is a Contract? 3 things
Between two parties, enforceable by law, an agreement
Statutory law is written law
True
Acontract is executed when it has been signed by both parties.
False
When both parties to the agreement have fully performed in accordance with the contract's terms the contract has been ______
Executed
An implied Contract is one in which the terms of the agreement are clear, concise, explicit, and definite.
False
In an ______ contract the terms of agreement, whether written or verbal, are clear, concise, explicit and definite
Express
All Contracts must have ________. 5 things
An offer and acceptance
A meeting of the minds
Consideration
Lawful subject matter
Competent Parties
The only types of contracts that must be written are related to real estate
True
Real property should be thought of as a bundle of rights.
True
_________ is the power of the state to take private property for public use with payment of compensation to the owner
Eminent Domain
_________ is a right created by law that permits a worker to place a claim on land on which improvemtnts have been made
Mechanics Lien
restrictions placed on land usage to assure orderly growth and development in a municipal area is called ______
Zoning
A _________ permits a worker, materials supplier, or subcontractor to notify the owner that the gerneral contractor has failed to make payments for labor and/or materials
Stop notice
AIC stands for........
American Institute of Constructors
Criminal suits are violations of the law against anyone.
True
3 types of surety bonds
Payment, Performance and Bid
The ________ states that the contractor must provied a Performance and Payment bond on federal and federally assisted projects
Miller Act
Liquidated Damages-
Sum charged to the contractor by the owner for delay of project completion
Project manuel includes...4 things
Bidding Requirements
Contract Forms
Conditions of the Contract
Specifications
Contract Documents...6 of them
Contract Forms
Conditions of the Contract
Specificatoins Contract Drawings
Addenda
Modifications
Bidding Documents...7 things
Bidding REquirements
Contract Forms
Conditions of the Contract
Specifications
Contract Drawings
Resource Drawings
Addenda
Bid Requirements.....4 things
Bid Solicitation
Instructions to Bidders
Informatin Available to Biddders
Bid Forms and Supplements
Contract Forms.....4 tings
Agreement
Performance Bond
Payment Bond
Certificates
The working Drawings...6 of them
Civil
Architectural
Structural
Plumbing
Mechanical
Electrical
A Payment Bond ensure the the surety will pay the Contractor's bills for labor and materials in the event of the contractor's Default
True
If a subcontractor does not provide workers' compensation for its workers, the GC is often held responsible
True
A bid form is the required offer for the owner to accept as the first part of a developing contract
True
____________ are changes made during the bidding process
Addenda
_________ are changes made during the Construction process
Modifications
The bidding documents are part of the project manual
True
What do owners and their agents use for the prequalification of the contractors who intend to bid on the project
BID BONDS
The general contractor should require each of its subs to have surety bonds
True
The general conditions are also known as "Boilerplate"
True
Surety agents are paid as base salary regardless of whether a bond is issued
True
Under performance specifications, the specific methods and materials used to construct the product are specified by the Owner
False
Unit Price Contracs are the most common type of contract used in the contruction Industry
False
Most construction contracts are not assignable unless expressly allosed in the contract itself
False
Although the subcontractor has no direct link to the owner for the receipt of payment, he does have a direct lik with regard to matters of acceptance of work.
False
What is it that makes a Front-End Document different from a Contract Document?
Front= End Documents deal specifically with bidding