Subcontractor & Vendor Management Flashcards
7 cards from real CPE practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 Subcontractor & Vendor Management flashcards as text
A specialty subcontractor notifies the estimator that a specified product is discontinued. The best course of action is to:
Answer: Identify an equivalent product and obtain pricing for an owner-approved substitution
The estimator should proactively source an approved equivalent, obtain updated pricing, and formally request owner approval for the substitution.
The purpose of requiring subcontractors to submit a schedule of values is to:
Answer: Provide a basis for evaluating monthly payment applications
A schedule of values breaks the subcontract amount into line items tied to work completion, enabling accurate assessment of payment application amounts.
When a subcontractor is awarded work below their stated capacity, which risk is most likely?
Answer: The subcontractor may not staff the project adequately, causing schedule delays
When subcontractors are overcommitted relative to capacity, they often under-resource individual projects, resulting in schedule slippage.
In a unit-price subcontract, the final payment to the subcontractor is based on:
Answer: Actual field-measured quantities multiplied by the agreed unit prices
Unit-price contracts compensate subcontractors for the actual quantities installed in the field, verified by field measurement.
A subcontractor requests an equitable adjustment due to differing site conditions. The estimator should first:
Answer: Review the contract, original site data, and actual conditions to evaluate the claim merit
The estimator must analyze the contract language, geotechnical data provided at bid, and actual conditions encountered before assessing the validity of a DSC claim.
Which practice helps ensure subcontractor bids are received on time and are complete?
Answer: Providing a detailed scope package with a firm bid due date and pre-bid conference
Comprehensive scope packages, firm deadlines, and pre-bid conferences give subcontractors sufficient time and information to prepare complete, responsive bids.
Retainage withheld from subcontractor payments is typically released when:
Answer: The subcontractor's work is substantially complete and all punch-list items are closed
Retainage is held until the subcontractor achieves substantial completion and resolves all punch-list deficiencies to protect the GC against incomplete or defective work.