Which of the following item is CORRECT？
A. Seasonality is not a risk source to construction.
B. Local condition is one of the major risk source that makes mgmt. procedure difficult to be implemented.
C. Most of the stakeholders in construction are fast in applying management procedures.
D. Employee turnover is low in construction.
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In general, ________ desires fixed price contracts rather than cost reimbursable contracts.
A. The owner
B. No one
C. The contractor
Which of the following is CORRECT?
A. DSC is unimportant to civil projects and therefore, related clauses are dispensable in the contract.
B. In a contract, conflicts between DSC clauses and other conflicts are impossible.
C. Type II DSC clauses are always shown in the contracts.
DSC clauses normally refer cost / time adjustment clauses.
Which of the following is incorrect about specifications?
A. The specifications involved a specific brand-identified product can be regarded as“open”.
B. The use of standard specifications has met with only limited acceptance because of uniqueness of the projects.
C. Specifications are one of the most critical components of contracts.
D. Standard specifications are mostly acceptable in highway projects.
Which of the following item is correct about an offer （bid）?
A. In construction, owners generally require bids submitted in a particular format.
B. An offer is always made to multiple entities.
C. An offer can always be practically comprehensive.
D. Offer period of the subs’ bids to the GC are ALWAYS consistent with the one in prime contract.
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