Atlas Methods of Compensation 3

Question 1

Guarantee to enter into a contract if awarded

Answer 1

Proposal bond

Question 2

Guarantee to execute the work in accordance with the terms of the contract (15% of the contract amount, upon contract signing)

Answer 2

Performance bond

Question 3

Guarantee to pay all obligations arising from the contract (15% of contract amount upon contract signing)

Answer 3

Payment bond

Question 4

Guarantee workmanship and quality of materials and equipment for 1 year (30% of the contract amount)

Answer 4

Guarantee bond

Question 5

Change after the signing of the contract

Answer 5

Change order

Question 6

Shop drawings

Conditions in the preparation of shop drawings

Answer 6

At the contractor’s expense

Question 7

Shop drawings

Checking drawings of sub-contractors

Answer 7

Contractor to check

Question 8

Shop drawings

To be numbered and dated containing the name of the project, descriptive names of equipment/material, and location of installation

Answer 8

Identification

Question 9

Shop drawings

In duplicate

Answer 9

Letter of transmittal

Question 10

Shop drawings

Corrections, changes, and variations

Answer 10

Architect’s approval needed

Question 11

Shop drawings

Responsibility for accuracy

Answer 11

Contractor’s responsibility

Question 12

Protection of adjacent property and existing utilities

• Contractor’s sole responsibility
• Existing utilities

Answer 12

Art. 17

Question 13

• Proposal
• Tender documents
• Invitation to bid
• Bid bulletin
• Instruction to bidders

Answer 13

Bidding documents

Question 14

• Evaluate
• Review
• Recommend
• Notice to award

Answer 14

Architect

Question 15

• Approve
• Awarding
• Proceeding

Answer 15

Client

Question 16

Assist the owner in obtaining proposals from contractors, analyzes bid results, and prepare abstract of bids, notice of award, notice to proceed, and other construction contracts

Answer 16

AoR (SPP Doc. 202)

Question 17

Soil boring test price

Answer 17

Php 35k per hole

Question 18

Geodetic engineer price

Answer 18

Php 5k (simple residential/4 sides) or per ha.

Question 19

Construction stakes and reference mark

Answer 19

Owner’s responsibility (lot lines, easements, benchmarks)

Contractor (other grades, lines, levels, and benchmark)

Question 20

Services of a licensed surveyor

Answer 20

Contractor’s responsibility to check column centers, piers, walls, pits, trenches, pipework, culvert utility lines, etc.

Question 21

Changes in the work

Changes ordered by owner

Answer 21

In writing

Question 22

Changes in the work

Adjustments of contract

Answer 22

In cost and time; consent of sureties and additional performance bond

Question 23

Changes in the work

Value of extra work

Answer 23

By estimate in a lump sum; by unit prices not exceeding 25% of original work contract; by actual direct cost + 15% profit, overhead, and tax

Question 24

Notice to proceed

Answer 24

After execution of contract agreement

Question 25

Contract time

Answer 25

7th day from NTP receipt

Question 26

Contractor to submit a schedule of construction work in critical path method or other forms acceptable to architect; Architect can order the contractor to take steps to ensure completion within the timeframe.

Answer 26

Schedule of completion

Question 27

CARI

Answer 27

Contractor's All-Risk Insurance

Question 28

Contractor's insurance and bonds

Answer 28

Art. 31

Question 29

Contractor's insurance and bonds Protection for bodily injury, death, or property damage

Answer 29

Contractor's liability insurance

Question 30

Contractor's insurance and bonds From work performed by sub-con where guarantees are required; contractor to secure warranties from sub-con

Answer 30

Contractor's guaranty warranty

Question 31

- Contractor's liability insurance - Contractor's fire insurance - Contractor's performance and payment bonds - Contractor's guarantee bond - Contractor's guaranty warranty - Contractor warrants and/or guarantees for one year

Answer 31

Contractor's insurance and bonds

Question 32

CFEI

Answer 32

Certificate of Final Electrical Inspection

Question 33

Other requirements before final payment

Answer 33

- Cert. of Bldg. Occupancy - Cert. of Final Inspection - 3 copies of directory of panel boards and circuits - Original & 3 sets of as-built dwgs - 3 copies of manuals - 3 copies of keying schedule - Guarantee bond 30% of contract price good for one year (required only if owner releases performance and payment bond)

Question 34

Contractor's responsibility for accidents and damages

Answer 34

Art. 30

Question 35

- Safeguards to be undertaken by the contractor - Contractor's responsibility - Indemnity

Answer 35

Contractor's responsibility for accidents and damages