BUILDING CONSTRUCTION CONTRACTS TYPE

Which of the following is NOT about Lump Sum with bills of quantities?

• Measures the quantities based on drawing

• Consider additional variation

• All the detail quantities are shown in BQ

• No additional variation

What type of contact for this statement?

“The contractor will be paid based on an actual fee basis of work and receives per increase or decrease of rate amount agreed of total cost between actual cost and adjustment target estimate “

• Cost Plus Fluctuating Fee Contract

• Target Cost Contract

• Cost Reimbursement Contract

  
  

• Measurement Contract

Which factors to be considered when deciding which type of contract?

• Period of performance

• Cost analysis

• Availability of supervision

• All above

The following are the methods of procurement in construction industry except

• Traditional method

• Turnkey method

• Short slender method

• Design and build method

What is the type of method so that it could be sold to any buyer as a complete product?

• Traditional method

• Design and build method

• Management method

• Turnkey method

The following are the participants in construction industry except

• Architect

• Engineer

• Contractor

• Security guard

Which are the advantages of the Standard Form of Contract except?

• Reduced cost

• Speedy bidding

• Increasing cost

• Higher confidence in contract terms

There are 3 part of sector in Standard Form of Contract except?

• Government/public sector

• Private sector

• International Sector

• Transportation Sector

Which is the Issues in Standard Form Contracts?

• Often benefit the party with the most bargaining power

• Speedy bidding

• High Cost

• Not familiarity

Which are the FACTORS IN CONSIDERING TYPE OF CONTRACT except?

• Types of Project

• Design

• Size of Project

• Quality of work required