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Terminations Terminations – cessations is / terminations Force

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The following item is INCORRECT about suspension or termination.

A. In general, suspensions do not leads to waste of resources, such as crew idling
B. Suspensions mean temporal cessation of work
C. Terminations indicate permanent cessations of the work
D. Terminations can be resulted from owner’s default

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The specifications describe in writing the quality of the materials and the standards of required. These documents serve four important functions One of the most critical of the contract tools Describing the work to be accomplished and defining the of the participant's A __ for competitive bidding or contract negotiation

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Which of the following item concerning “contract type” is correct?

A fixed price contract contains the most risk for the buyer.
B. Cost reimbursable contracts potentially offer sellers the highest profit.
C. Lump sum contracts potentially offer sellers the highest profit.
D. Unit price contracts are illegal in many jurisdictions.

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To transfer most of the cost risks to the contractor, the client may use a ___________ contract.

A. cost plus award fee
B. cost plus incentive fee
C. cost plus fixed fee
D. fixed price

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Terminations Terminations – cessations is ______ ______ / ______ terminations Force ______

The following item is INCORRECT about suspension or termination.

Which of the following item concerning “contract type” is correct?

To transfer most of the cost risks to the contractor, the client may use a ___________ contract.

Terminations Terminations – cessations is / terminations Force