Mock Questions Flashcards

1
Q

On what project would a GMP contract be best suited?

A
  • Early cost certainty with incomplete design
  • Collaboration between client and contractor
  • Complex projects needing flexibility (e.g. healthcare, refurbishment)
  • Open book procurement and transparent cost management preferred
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2
Q

On what project would a lump sum contract be best suited?

A
  • Fully designed and detailed before tender
  • Maximum cost certainty and minimal risk transfer
  • Simple projects where change is minimal
  • Competitive tendering is preferred to achieve best price
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3
Q

On what project would an approximate quantity contract be best suited?

A
  • Early-stage projects with incomplete design or scope
  • Projects with uncertain quantities where early cost certainty is not priority
  • Complex or large-scale works (e.g. infrastructure, redevelopment)
  • Projects where design evolves during construction but cost control is still needed
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