CPE Contract Management and Project Documentation 2

Question 1

A contractor submits a Request for Information (RFI) when:

Accepted Answer

Clarification is needed on ambiguous contract documents

Answer

An RFI is used to seek clarification from the design team when contract documents are unclear or contradictory.

Question 2

Which document formally authorizes a change in contract scope, cost, or schedule?

Accepted Answer

Change order

Answer

A change order is the executed agreement between owner and contractor that modifies the original contract terms.

Question 3

What is the primary purpose of a schedule of values on a construction project?

Accepted Answer

To allocate contract value across work activities for progress billing

Answer

The schedule of values breaks the contract sum into line items so that monthly pay applications can be processed proportionally.

Question 4

Liquidated damages in a construction contract are best described as:

Accepted Answer

A pre-agreed daily sum the contractor pays for late completion

Answer

Liquidated damages represent a reasonable pre-estimate of the owner's daily loss if the contractor fails to complete on time.

Question 5

A contractor's 'as-built' drawings differ from the original construction documents because they:

Accepted Answer

Reflect actual field conditions and deviations made during construction

Answer

As-built drawings record the actual installed locations and dimensions of all work, capturing field changes made during construction.

(CPE) Certified Professional Estimator Practice Test