Chapter 5: Contracts

Question 1

The architect confirms information in the ____ to certify progress payment.

Answer 1

partial payment estimate

Question 2

What elements are necessary to have a binding contract?

Answer 2

Offer and acceptance
Competent parties
Legal purpose

Question 3

What document is delivered to the owner upon substantial completion?

Answer 3

Final project drawings (as-builts)

Question 4

Clauses that outline the terms of the contract are called:

Answer 4

contract provisions

Question 5

A valid offer requires all of the following EXCEPT:

Compensation to be paid

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Scope of work

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Obligations of the contract

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Time frame for owner to accept offer

Answer 5

time frame for owner to accept offer

Question 6

The intent of a general contractor’s contract is to do all of the following EXCEPT:

Prevent disagreements

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Outline payment terms

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Limit liability of the contractor

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Enforce obligations of the parties

Answer 6

enforce obligations of the parties

Question 7

The obligations of the parties in the contract are referred to as:

Answer 7

contract conditions

Question 8

Who issues a certificate of substantial completion?

Answer 8

architect

Question 9

When is acceptance generally made?

Answer 9

When offer is signed

Question 10

All of the following are true about supplemental conditions EXCEPT:

They are project-specific

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They are often found in a separate document

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They are a boilerplate provision

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They modify the general conditions

Answer 10

They are boilerplate provisions

Question 11

Consideration, as it applies to a legally enforceable contract, is:

Answer 11

something of value