Which of the following description is correct?
A. The definition of “principal structure” is unclear in China.
B. Parties in item JV participate in common profits or losses.
Chinese Law regulates that GC may subcontract part of its work without consent of the owner.
Which of the following description is correct?
A. In practice, FDL makes applicable provisions of the prime contract also applicable to the PO.
B. “Free on board (FOB) construction jobsite” means the buyer would have bear risk of loss during transit.
C. GCs can always reject payment to the subcontractors when the “No pay until paid” provision exists in the subcontracts.
D. If an agreement involves a high volume of on-site labor activities, this agreement is normally regarded as “purchase order.”
Which of the following description is correct about labor agreements?
A. The purpose of“Lockout provisions” is protecting labors’ rights (to be paid timely and safety).
B. The union may cease the work as long as any dispute is being settled.
C. “Hiring hall provisions” indicate that the union is NOT the exclusive source of labor for job openings.
Which of the following item is CORRECT?
A. During contract auditing, if a provision “A/E’s decision is binding”, GC should agree with this provision since any problem can be resolved through amicable settlement.
B. In a construction contract, the governing law can be other than host-country law.
C. Understanding the governing law is less significant since the owner can always negotiate with GC.
D. The multi-tier dispute resolution provision aims at addressing various approaches that help the parties settle their disputes.
Which item(s) is / are CORRECT?
A. The purpose of change clauses is to limit the owner’s right to change the contract unilaterally.
B. Change Clauses establish the contractor’s right to be paid and their duty to be performed in the variation situation.
C. Most of the changes do not involve extra cost and time.
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