3. Construction Contracts

Contract Documents — Quiz

Test your understanding of contract documents with 5 practice questions.

Practice Questions

Question 1

A contract includes a liquidated damages clause of $1\,000$ per day. If the contractor achieves substantial completion 15 days late, what is the total liquidated damages owed?

Question 2

If the contract sum is $1\,200\,000$ and the General Conditions specify a retainage of 5% to be withheld from progress payments, how much retainage is withheld initially?

Question 3

Which document is issued by the architect to authorize minor changes in the work that do not alter the contract sum or time?

Question 4

Which of the following documents is part of the Bidding Requirements in the Project Manual?

Question 5

In the hierarchy of contract documents, if a clause in the Supplementary Conditions conflicts with the Standard General Conditions, which document governs?