CAC CAC Contract Administration 1

Question 1

What document formally establishes the relationship between an owner and a contractor?

Accepted Answer

Construction contract

Answer

A construction contract is the binding legal agreement that defines the scope, price, schedule, and obligations between the owner and contractor.

Question 2

Which AIA contract document is most commonly used for a stipulated sum agreement between owner and contractor?

Accepted Answer

AIA A101

Answer

AIA A101 is the standard form of agreement between owner and contractor for a stipulated (fixed) sum.

Question 3

A Change Order in construction contract administration is used to:

Accepted Answer

Modify contract scope, price, or schedule with owner and contractor agreement

Answer

A Change Order is a written agreement signed by the owner, architect, and contractor that modifies the contract's scope, cost, or time.

Question 4

What is a Contractor's Schedule of Values used for?

Accepted Answer

Allocating contract value to work items for progress payment purposes

Answer

A Schedule of Values breaks the contract sum into line items so that progress payments can be calculated proportionally as work is completed.

Question 5

Which document is submitted by the contractor to request periodic payment during construction?

Accepted Answer

Application for Payment (AIA G702)

Answer

AIA G702, the Application and Certificate for Payment, is submitted by the contractor and certified by the architect to authorize owner payments.

(CAC) Certified Associate Constructor Practice Test