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ARE 5.0 - PCM Exam > Contracts > Flashcards

Flashcards in Contracts Deck (20)
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1

What series of contracts cover the agreements between the OWNER and GENERAL CONTRACTOR?

A Series (General Contractors are A-holes)

2

What series of contracts cover the agreements between the OWNER and ARCHITECT

B Series (Why is this not the A??)

3

What series of contracts cover the agreements between the ARCHITECT and CONSULTANT

C Series (CONSULTANT)

4

What is covered in the D Series of AIA contracts?

Architect Industry Documents

5

What is covered in the E Series of AIA contracts?

Digital File Management

6

What is covered in the G Series of AIA contracts?

Contract & Office Administration Forms (bidding documents, change order forms, construction change directives)

7

Which AIA contract is used with larger projects?

B103

8

Which AIA contract is used with smaller scope projects?

B104

9

What is Fiduciary Duty?

a FIDUCIARY is a person entrusted to manage assets for someone else. Their duty is to act in their beneficiaries' interests, rather than their own.

10

What is indemnification?

also called the "Hold Harmless Clause" it's a contractual obligation whereby one party agrees to not sue another party against loss or damage.

11

What is Retainage?

the process by which the owner withholds money from the contractor as protection in case the contractor fails to complete the work.

12

What are Liquidated Damages?

an amount of money stipulated in the contract to be charged to the contractor as reimbursement for damages suffered by the owner because of the contractor's failure to fulfill contractual obligations.

13

What is the standard form of agreement between the OWNER and CONTRACTOR?

A101

14

What contract has the general conditions for contract for construction?

A201

15

What is the standard form of agreement between OWNER and ARCHITECT?

B101

16

What contract OWNER and ARCHITECT agreement without the predefined scope of architect's services?

B102 (Paired with B201 or B202)

17

What is the standard form of architect's services: Design and Construction Contract Administration?

B201 (Paired with B102)

18

What is the standard form of Architect's services: Programming?

B202 (Paired with B102)

19

What is the standard form of Architect's Services: Site Evaluation and Planning?

B203 (Paired with B102)

20

When is a building considered to have "substantial completion?"

When it is "up and running" aka. built enough to start functioning for its intended use.