Which of the following is INCORRECT about the concept “delay?”
A. The critical path is a path of work activities that contains no float.
B. Compensable delays refer to delays that do not result from the defaults of neither the owner nor the GC.
C. An as-planned schedule network reflects the planned progress and the deadline for accomplishment of the project.
D. A schedule update network is used to reflect the competition status of the project at the points in time of the periodic updates.
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The following item(s) is / are CORRECT about arbitration.
A. This is a private decision- making process involving a third party.
B. Its decisions are almost always final and binding.
C. Duration of this approach is normally far shorter than court trials.
D. Arbitration awards are normally appealable.
Which of the following is INCORRECT about alternative dispute resolution?
A. In mediation, parties engage a neutral person to serve as a mediator.
B. A mini-trial normally engages a jury.
C. The parties normally form a three-members dispute adjudication board according to the contract.
D. The mediator’s recommendation to the dispute is final and binding.
_______refers to the situation where there is a common understanding of the formation of the contract.
A. “Meeting of the minds”
B. “Bid shopping”
C. “Unbalanced bids”
D. “An offer”
_____ is a project delivery method in which the owner contracts with separate entities for the design and construction of a project.
A. Design-Bid-Build (DBB)
B. Design-Build (DB)
C. Engineering-Procurement-Construction
Design-Build-Operate-Maintain (DBOM)
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