Test 4 Review questions

What type of Insurance covers severe weather damage?

• Public Liability

• Builder's Risk

• None, Owner will pay damages

• None, GC is responsible for severe weather damage.

A worker's strike not cause by GC or subcontractor is a(n)

• Excusable delay

• Compensable delay

• Excusable and compensable delay

• None of the alternatives

If GC was denied a extended time claim and need to still finish on time, they will do this type of acceleration.

• Constructive Acceleration

• Voluntary Accelaration

• Project Driven Accelaration

• Directed Acceleration

Statute of Repose starts when:

• The project is finished and owner takes possession of the building.

• When the alleged harm happens

• when the injured person reports the damage.

• When warranties expire.

A contractor commits a material breach when:

• Do not submit payment applications on time.

• Do not provide sufficient labor and equipment.

• Is behind schedule by 5 working days.

• Do not attend OAC meetings.

Statute of Repose is the same as Statute of Limitations

• Yes

• No

Which method is not legally binding

• Mediation

• Arbitration

• Litigation

Per AIA the ___________________ issues the certificate of substantial completion

• Contractor

• Owner

• Architect

• Municipality

Which dispute resolution method is cheaper?

• Arbitration

• Litigation

• Mediation

• All are very expensive

Substantial Completion requires the whole project to be habitable

• Yes

• No