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In regard to use of float


A) the Owner or Designers might use it first
B) the contract generally prevents anyone but the Constructor from using it
C) the Contractor can always prevent the Owner from using it
D) no one should use it without first getting the Owner's permission

E) C) and D)
F) B) and C)

Correct Answer

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A Contractor knows the schedule is important to


A) negotiating changes in how the work is done
B) keep the crews happy
C) prevent a drain on profits due to schedule overruns
D) keep from making safety mistakes

E) B) and C)
F) C) and D)

Correct Answer

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Trade stacking usually occurs at the beginning of the project before everyone understands the full scope of work

A) True
B) False

Correct Answer

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The extra costs related to directed acceleration will be paid for

A) True
B) False

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If the Owner cannot extend the completion date after a delay


A) the Contractor will need to perform some sort of acceleration
B) the project will have to be canceled
C) the General will have to hold Subcontractors accountable for the delay
D) the Contractor has no recourse but to sue the Owner and the Design Professional

E) A) and B)
F) B) and C)

Correct Answer

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A compensable delay has to affect the critical path

A) True
B) False

Correct Answer

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Liquidated damages are


A) no longer legal
B) agreed to by the Contractor when the Contract is signed
C) inflated costs for not finishing on time
D) seldom enforced

E) A) and B)
F) A) and C)

Correct Answer

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A critical delay will affect the schedule for completion

A) True
B) False

Correct Answer

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Liquidated damages are


A) seldom enforced
B) always enforced
C) capable of being challenged, but requiring good documentation
D) not capable of being challenged if the Contractor has missed the completion date

E) C) and D)
F) A) and D)

Correct Answer

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Once a contract is signed, usually the most important issue for the Owner is


A) cost
B) schedule
C) quality
D) safety

E) A) and C)
F) B) and D)

Correct Answer

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Float is often seen as belonging to


A) the Owner to distribute as needed
B) whoever uses it first
C) the Design Professional
D) whoever needs it most

E) A) and D)
F) B) and C)

Correct Answer

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An excusable delay will involve additional compensation by the Owner

A) True
B) False

Correct Answer

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Liquidated damages are usually covered by flood insurance

A) True
B) False

Correct Answer

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Delays along any part of the schedule that contains float are considered


A) non-critical delays
B) critical delays
C) critical but inconsequential delays
D) floating delays

E) C) and D)
F) None of the above

Correct Answer

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In a non-compensable delay, the Contractor is not entitled to a time extension or more money

A) True
B) False

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False

""Construed against the drafter"" is


A) no longer a legal principle
B) the first issue a Constructor might raise regarding an error in the plans
C) negated by the Spearin Doctrine
D) the reason an Owner is not responsible for design changes

E) All of the above
F) A) and C)

Correct Answer

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Float on a schedule is not found on the critical path

A) True
B) False

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True

Acts of God are compensable delays

A) True
B) False

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False

An Act of God will automatically increase contract completion time

A) True
B) False

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A concurrent delay is when two or more delays overlap each other

A) True
B) False

Correct Answer

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