Short Quiz

It is the transfer of any monetary value in exchange of services and good in acceptable proportions that have been agreed upon by all parties involved.

• Advance Payment

• Payment

• Progress Payment

• Retention Money

This request for payment is made after issuance of Notice to Proceed and prior to execution of Works, Consulting Services or Goods.

• Advance Payment

• Payment

• Progress Payment

• Retention Money

“The procuring entity shall, upon written request of the contractor which shall be submitted as a contract document, make an advance payment to the contractor in an amount not exceeding ______percent of the total contract price,...."

“_______, the contractor may submit a statement of work accomplished (SWA) or progress billing and corresponding request for progress payment for work accomplished”.

• Every week

• Every 2 months

• Twice a month

• Once a month

The ___________ shall check the contractor’s monthly SWA and certify the amount to be paid to the contractor as progress payment.

• project engineer

• materials engineeer

• project inspector

• contractor

It is a document issued by the Head of Implementing office stating that the contractor satisfactorily completed the project in accordance with the approved plans and specifications.

• Certificate of Acceptance

• Certificate of Completion

• Certificate of Correction

• Certificate of Inspection

All sheets in the set of Conceptual Design, DED, "As-Staked", Revised and "As-Built" Plans for Highway, Bridge, Water Engineering and other related projects shall be uniform and of one standard ______ mylar paper.

• A-1 size

• A-2 size

• A-3 size

• 20 inches by 30 inches

Upon reaching __ percent physical accomplishment of the contractor’s contract, the Head of IO for PMO projects and the Chief of Office or Project Engineer for Region or District projects shall NOTIFY the JOINT INVENTORY TEAM that the supplied non-expendable items for the project are DUE FOR INVENTORY.

The total “____________” shall be due for release upon final acceptance of the works.

• final billing

• advance payment

• retention money

• first billing

Serves as the basis or signal for the start of warranty period.

• Certificate of Completion

• Certificate of Acceptance

• Certificate of Correction

• Certificate of Inspection