Protect themselves from failure of low-bid contractor

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Reference no: EM131714019

1. Owners can protect themselves from a failure of the low-bid contractor to live up to quoted construction cost in their bid by obtaining a _______________. A. performance bond B. bid bond C. payment bond D. lien waiver

2. It is a good idea for an owner’s representative to get ____________ from the contractor when there is a good possibility that additional work will be needed or desirable. It is done to prevent haggling over the costs associated with this extra work. A. estimates from other contractors B. unit prices C. budget data from construction cost data books D. a performance bond

3. To prevent future issues with items not shown as they were actually constructed, it is a good idea to collect ___________________ and using them to have a final set of plans drawn up by the architect. A. a last set of construction plans B. the first set of construction plans without revisions C. a last set of construction plans showing all previous revisions and red-line drawings D. a list of plan modifications obtained from building inspection personnel

4. Shortening the length of time to complete a construction task that lies along the critical path _____ _____________________________________________. A. has no effect on the project’s duration B. reduces the project’s overall duration C. provides more float time, but overall project duration is the same D. none of these

5. The construction superintendent works for the _________________________. A. general contractor B. subcontractor C. owner’s representative D. architect

Reference no: EM131714019

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