Florida General Contractor Construction Project Management 3

Question 1

A liquidated damages clause in a construction contract is intended to:

Accepted Answer

Set a predetermined daily amount owed by the contractor for late completion

Answer

Liquidated damages fix a daily sum the contractor pays if the project finishes late.

Question 2

The primary function of a project's contingency budget is to:

Accepted Answer

Cover unforeseen costs and unexpected conditions during construction

Answer

Contingency funds absorb unanticipated costs such as hidden conditions or errors.

Question 3

Which delivery method places design and construction under a single contract with the owner?

Accepted Answer

Design-build

Answer

Design-build gives the owner one entity responsible for both design and construction.

Question 4

A resource-leveled schedule is created primarily to:

Accepted Answer

Reduce peaks and valleys in resource demand over the project duration

Answer

Resource leveling smooths labor and equipment demand to avoid overloads and idle time.

Question 5

In earned value management, a Cost Performance Index (CPI) less than 1.0 indicates:

Accepted Answer

The project is over budget for the work performed

Answer

A CPI below 1.0 means actual costs exceed the earned value, signaling a cost overrun.

Florida General Contractor Practice Test