Contract Clauses Quiz

Which of the following is NOT listed as an excusable delay?

• Force Majeure

• Owner's delays

• Compensation

• Contractor's delays

Which of the following is NOT a reason for which the Contract Time may be extended?

• An act or neglect by the Owner or Architect

• Changes orders in the Work

• Gc's or sub's caused delays

• Adverse weather conditions documented in accordance with Section 15.1.6.2

What should be confirmed about the impact of a storm on a project's timeline?

• It is shorter than the direct impact of the storm.

• It is equal to the direct impact of the storm.

• It is likely to be longer than the direct impact of the storm.

• It has no effect on the project's timeline.

What is a consequence of failing to complete before the Contract Time?

• Penalty in the amount of the retainage.

• No consequences.

• Liquidated Damages

• Extension of the Contract Time.

Which of the following is NOT a reason for default termination of work?

• Contractor is far behind

• Work fails to meet quality requirements

• Contractor is financially insolvent

• Contractor completes the work ahead of schedule

What is a convenience termination?

• Termination due to contractor's failure to meet deadlines

• Termination for no specific reason and includes final payment to contractor

• Termination due to contractor's financial insolvency

• Termination due to work not meeting the quality requirements

What clause do the Contractor and Owner contract waives claims against each other for non-direct costs?

• Waiver of compensatory damages

• Waiver of consequential damages

• Waiver of incidental damages

• Waiver of punitive damages

The indemnification by the Contractor to the Owner clause is limited to damages caused by what?

• Any act of the Owner or Architect

• The negligent acts or omissions of the Contractor or anyone directly or indirectly employed by them

• All damages regardless of the cause

• Acts of God or natural disasters

What constitutes a significant price increase according to escalation clauses studied in class?

• A) A price increase of 5% of the original line item amount

• B) A price increase of 10% of the original line item amount

• C) A price increase of 2% of the original line item amount

• D) A price increase of 20% of the original line item amount

Which clause pertains to the penalties for delays in a project?

• Time provisions

• Exculpatory clauses

• Insurance and bond provisions

• Indemnification clauses