CCDC 2 - Stipulated Price Contract

Home
ExAC Exam Quiz
Flash Cards
- CHOP Part 1.0 Flash Cards
Resources
Article
About
Shop

If the website helps you, please consider donating to the site for future quiz takers by buying me coffee.

CCDC 2:

Stipulated Price Contract

Top Score Leaderboard

Pos.	Name	Score	Points
1	alain	71 %	17
2	Cass	69 %	18.43
3	wws	66 %	19
4	al	65.5 %	17
5	m	64 %	16.33
6	alain	63 %	15
7	ck	62.33 %	15.67
8	L	59.8 %	16.4
9	melo	59 %	17
10	JD	59 %	17

/35

CCDC-2 2008 Part 1

This quiz is in Testing mode. DO NOT BUY YET. Thanks

/24

CCDC-2 2008 Part 2

Please fill out the form to start the quiz. Good luck!

1 / 24

According to the text, what does the GC 4.2.3 provision state about the contingency allowance?

It states that the Contract Price includes the contingency allowance.

It adjusts the Contract Price to provide for any difference between the authorized expenditures and the contingency allowance.

It authorizes and values the expenditures under the contingency allowance.

It includes the Contractor's overhead and profit in connection with the contingency allowance.

2 / 24

Which expenses are included in the cost of tools and construction equipment used in the performance of the Work?

Equipment and services required for the Contractor's field office

All tools and construction equipment

Materials, supplies, construction equipment, and hand tools not owned by the workers

Cost of transportation of all products

3 / 24

What is the purpose of the GC 5.3.1 provision?

To make payment to the Contractor on account as provided in Article A-5 of the Agreement - PAYMENT.

To authorize and value the expenditures under the contingency allowance.

To inform the Owner of the date of receipt of the Contractor's application for payment.

To adjust the Contract Price based on the contingency allowance.

4 / 24

What is the basis for determining the cost of performing the work attributable to the Change Directive?

Actual cost of the Contractor's actual expenditures and savings plus the Contractor's percentage fee

Actual cost of the Contractor's actual expenditures and savings

Contributions, assessments, or taxes incurred for items such as employment insurance and workers' compensation

Salaries, wages, and benefits paid to personnel in the direct employ of the Contractor

5 / 24

What is the purpose of the GC 5.1 provision?

To provide evidence of the Owner's financial arrangements to fulfill their obligations under the Contract.

To facilitate evaluation of applications for payment.

To inform the Owner of the date of receipt of the Contractor's application for payment.

To adjust the Contract Price based on the contingency allowance.

6 / 24

Which of the following statements about cash allowances is true?

The value of the work performed under a cash allowance is not eligible to be included in progress payments.

The actual cost of the Work under any cash allowance is always less than the amount of the allowance.

The Contractor and the Consultant jointly prepare a schedule for ordering items under cash allowances.

The cash allowances include the Contractor's overhead and profit.

7 / 24

When should the Contractor submit an application for payment of the holdback amount?

After the receipt of an application for payment from the Consultant

Before the receipt of an application for payment from the Consultant

Before the issuance of the certificate of substantial performance of the Work

After the issuance of the certificate of substantial performance of the Work

8 / 24

what is the purpose of the GC 5.2.4 provision?

To facilitate evaluation of applications for payment.

To adjust the Contract Price based on the contingency allowance.

To authorize and value the expenditures under the contingency allowance.

To provide evidence of the Contractor's schedule of values.

9 / 24

When is the holdback amount authorized by the certificate for payment of the holdback amount due and payable in the Province of Quebec?

On the first calendar day following the issuance of the certificate

On the first calendar day following the expiration of the holdback period

10 calendar days after the expiry of the holdback period

30 calendar days after the issuance of the certificate

10 / 24

What is the cost of transportation included in the Contractor's expenses?

Deposits lost

Materials, supplies, construction equipment, and hand tools not owned by the workers

Amounts of all subcontract

Cost of transportation of all products

11 / 24

Which items remain the property of the Contractor and have a salvage value?

Materials, supplies, construction equipment, and hand tools not owned by the workers

Deposits lost

Equipment and services required for the Contractor's field office

All tools and construction equipment

12 / 24

What do the expenses of the Contractor's field office include?

Equipment and services required for the Contractor's field office

All tools and construction equipment

Cost of transportation of all products

Materials, supplies, construction equipment, and hand tools not owned by the workers

13 / 24

when does the Owner have to pay the Contractor the holdback amount for subcontract work or products supplied by a Supplier in the Province of Quebec?

On the first calendar day following the expiration of the holdback period

30 calendar days after certification by the Consultant

No later than 5 calendar days after the issuance of a final certificate for payment

No later than 10 calendar days after the receipt of an application for final payment

14 / 24

Which of the following is NOT a factor considered in valuing Change Directives?

Net increase in the Contractor's cost

Cost of the Contractor's actual expenditures and savings

Substitutions related to each other

Net decrease in the Contractor's cost

15 / 24

When does the Contractor need to deliver a list of items to be completed or corrected, along with a written application for review by the Consultant?

Within 20 calendar days of receiving the certificate of substantial performance of the Work

Within one working day of receiving the certificate of substantial performance of the Work

Within 20 calendar days of substantial performance of the Work

Within one working day of substantial performance of the Work

16 / 24

When does the Owner have to pay the contractor the holdback amount for subcontract work or products supplied by a Supplier in common law jurisdictions?

On the first calendar day following the expiration of the holdback period

30 calendar days after certification by the Consultant

No later than 5 calendar days after the issuance of a final certificate for payment

No later than 10 calendar days after the receipt of an application for final payment

17 / 24

What happens if the actual cost of the Work under any cash allowance exceeds the amount of the allowance?

The Owner is credited for the unexpended portion of the cash allowance.

The Owner is not credited for the unexpended portion of the cash allowance.

The Contractor is compensated for the excess incurred plus an amount for overhead and profit.

The Contractor is not compensated for the excess incurred.

18 / 24

When does the Consultant need to issue a certificate stating the date of substantial performance of the Work?

Within 20 calendar days of receiving the Contractor's list and application

Within one working day of substantial performance of the Work

Within 20 calendar days of substantial performance of the Work

Within one working day of receiving the Contractor's list and application

19 / 24

According to the text, when is a Change Order or a Change Directive required for a change in the Work?

When the Owner requires the Contractor to proceed with a change in the Work

When the Owner and Contractor agree to the adjustments in the Contract Price and Contract Time

When the Contractor shall promptly present a method of adjustment or an amount of adjustment for the Contract Price and Contract Time

When a change in the Work is proposed or required

20 / 24

What can the Owner retain out of the holdback amount in common law jurisdictions?

Any sums required by law to satisfy any liens against the Work or, if permitted by the lien legislation, other third party monetary claims against the Contractor

Any sums required by law to satisfy any legal hypothecs that have been taken against the Work or could be taken against the Work

Any sums required by law to satisfy any legal hypothecs that have been taken against the Work or other third party monetary claims against the Contractor

Any sums required by law to satisfy any liens against the Work or other third party monetary claims against the Contractor

21 / 24

Which of the following expenses are included in the Contractor's personnel travel and subsistence expenses?

Materials, supplies, construction equipment, and hand tools not owned by the workers

Deposits lost

Amounts of all subcontract

Cost of transportation of all products

22 / 24

Can multiple cash allowances be combined for the purpose of calculating the excess cost?

It depends on the type of work.

No, multiple cash allowances cannot be combined.

It depends on the amount of the allowances.

Yes, multiple cash allowances can be combined.

23 / 24

What is the basis for determining the adjustment in the Contract Price for a change carried out by way of a Change Directive?

The actual cost of performing the work attributable to the Change Directive

The net increase in the Contractor's cost plus the Contractor's percentage fee

The cost of the Contractor's actual expenditures and savings attributable to the Change Directive

The net decrease in the Contractor's cost without adjustment for the Contractor's percentage fee

24 / 24

How are cash allowances authorized?

By the Contractor directly.

By the Owner directly.

By the Owner through the Consultant.

By the Contractor through the Consultant.

Your score is

The average score is 52%

/29

CCDC 2 -2008 Part 3

Please fill out the form to start the quiz. Good luck!

1 / 29

True or false: The Owner has the right to terminate the Contractor's right to continue with the Work if they neglect to comply with the requirements of the Contract.

True

False

2 / 29

If the Contractor terminates the Contract under the conditions set out above, what is the Contractor entitled to?

Payment for all work performed including reasonable profit

Payment for loss sustained upon Products and Construction Equipment

Payment for damages sustained as a result of the termination of the Contract

All of the above

3 / 29

True or false: The Contractor is not responsible for reimbursing the Owner for any costs incurred in relation to the toxic or hazardous substances.

True

False

4 / 29

What is the Contractor's obligation under the Contract after termination?

To continue with the Work and correct any defaults

To finish the Work by whatever method the Contractor may consider expedient

To take possession of the Work and Products at the Place of the Work

To provide an acceptable schedule for correction

5 / 29

What should the Contractor reimburse the Owner for?

The cost of indicating the presence of the substances

The cost of safely removing and disposing the substances

The cost of repairing damage to the Work and adjacent property

The cost of any necessary steps

6 / 29

If the Contractor neglects to prosecute the Work properly or otherwise fails to comply with the requirements of the Contract to a substantial degree, what action can the Owner take?

Terminate the Contract

Terminate the Contractor's right to continue with the Work

Give a Notice in Writing to the Consultant

Appoint a receiver for the Contractor

7 / 29

When can the Owner terminate the Contractor's right to continue with the Work?

If the Contractor makes a general assignment for the benefit of creditors

If the Contractor neglects to prosecute the Work properly

If the Contractor is adjudged bankrupt

If the Contractor fails to comply with the requirements of the Contract

8 / 29

what does the Contractor need to do if toxic or hazardous substances are brought onto the place of the Work?

Repair any damage to the Work and adjacent property

Indicate the presence of the substances

Reimburse the Owner for reasonable costs incurred

Take all necessary steps to safely remove and dispose the substances

9 / 29

If the Contractor is responsible for bringing toxic or hazardous substances onto the place of the Work, what is the Contractor required to do?

Reimburse the Owner for reasonable costs incurred

Indicate the presence of the substances

Repair any damage to the Work and adjacent property

Take all necessary steps to safely remove and dispose the substances

10 / 29

What should the Contractor do if damage occurs to the Work or adjacent property as a result of the toxic or hazardous substances?

Repair any damage to the Work and adjacent property

Indicate the presence of the substances

Take all necessary steps to safely remove and dispose the substances

Reimburse the Owner for reasonable costs incurred

11 / 29

what should the Owner do if the Contractor encounters toxic or hazardous substances at the Place of the Work?

Take all necessary steps to dispose of, store or otherwise render harmless the substances

Reimburse the Contractor for the costs of all steps taken

Extend the Contract time and reimburse the Contractor for reasonable costs incurred as a result of the delay

All of the above

12 / 29

If a dispute arises under the Contract in respect of a matter in which the Consultant has no authority, what procedures apply?

Procedures set out in GC 8.2 - NEGOTIATION, MEDIATION AND ARBITRATION

Procedures set out in GC 2.2 - ROLE OF THE CONSULTANT

Procedures set out in GC 8.3 - RETENTION OF RIGHTS

Procedures set out in GC 8.1 - AUTHORITY OF THE CONSULTANT

13 / 29

Which of the following actions can the Owner take if the Contractor is adjudged bankrupt?

Terminate the Contract

Give Notice in Writing to the Consultant

Terminate the Contractor's right to continue with the Work

Appoint a receiver for the Contractor

14 / 29

What circumstances can the Owner terminate the Contractor's right to continue with the Work?

If the Contractor fails to correct the default in accordance with the Contract terms

If the Contractor fails to correct the default in the time specified

If the Contractor fails to commence the correction of the default within the specified time

If the Contractor fails to provide an acceptable schedule for correction

15 / 29

When can a dispute be referred to arbitration?

After the dispute has been resolved within 10 Working Days

After the Consultant gives Notice in Writing

After the parties reach agreement on the dispute

After the Project Mediator terminates the mediated negotiations

16 / 29

What happens if a dispute is not resolved within 10 Working Days after the Project Mediator was requested?

The Project Mediator terminates the mediated negotiations

The dispute is automatically referred to arbitration

The parties may refer the dispute to the courts

The parties continue with the mediated negotiations

17 / 29

True or false: If damage occurs to the Work or adjacent property due to the toxic or hazardous substances, the Contractor is not obligated to make any repairs.

True

False

18 / 29

What is the purpose of the Contractor's obligation to reimburse the Owner?

To indicate the presence of the substances

To compensate for any damage to the Work and adjacent property

To cover the cost of safely removing and disposing the substances

To cover the cost of any necessary steps

19 / 29

How should disputes between the parties be settled?

By negotiation, mediation, and arbitration

By amicable negotiations

By termination of the Contract

By findings of the Consultant

20 / 29

True or false: If the Contractor brings toxic or hazardous substances onto the place of the Work, they are responsible for safely removing and disposing of them.

True

False

21 / 29

If the Owner terminates the Contractor's right to continue with the Work, what actions can the Owner take?

Finish the Work by whatever method the Owner may consider expedient

Withhold further payment to the Contractor until a final certificate for payment is issued

Utilize the Construction Equipment at the Place of the Work

Take possession of the Work and Products at the Place of the Work

22 / 29

What must the Consultant provide in order for the Owner to take action against the Contractor's default?

A written statement to the Contractor and receiver

A Notice in Writing to the Consultant

A Notice in Writing to the Contractor

A written statement to the Owner and Contractor

23 / 29

True or false: If the Contractor encounters toxic or hazardous substances at the Place of the Work, they are not required to take any necessary steps to dispose of them.

True

False

24 / 29

Who is responsible for taking all necessary steps to dispose of, store or otherwise render harmless toxic or hazardous substances which were present at the Place of the Work prior to the Contractor commencing the Work?

The Consultant

The Owner

The Expert

The Contractor

25 / 29

What happens if neither party requires immediate arbitration after a Notice in Writing is given?

The dispute is automatically resolved

The parties continue with the mediated negotiations

The parties may refer the dispute to the courts

The dispute is held in abeyance

26 / 29

What happens if the cost of finishing the Work is less than the unpaid balance of the Contract Price?

The Contractor shall not receive any payment

The Owner shall not receive any payment

The Contractor shall pay the Owner the difference

The Owner shall pay the Contractor the difference

27 / 29

Who is responsible for determining the existence, significance, and origin of toxic or hazardous substances at the Place of the Work if the Owner and Contractor do not agree?

The Consultant

The Expert

The Contractor

The Owner

28 / 29

Who is responsible for protecting the Work and the Owner's property from damage?

The Owner

Other contractors

The Consultant

The Contractor

29 / 29

what should the Contractor do if they encounter toxic or hazardous substances at the Place of the Work?

Report the circumstances to the Expert

Take all reasonable steps to ensure no person's exposure to any toxic or hazardous substances exceeds the prescribed levels

Inform the Consultant and the Owner in writing

Continue working as normal

Your score is

The average score is 58%