Engineering Economics, Estimation and Costing (3170615) MCQs

MCQs of Contract

Showing 11 to 20 out of 23 Questions
11.

In which type of contract there is a possibility of unbalanced tender ?

(a)

Percentage Rate Contract

(b)

Lump-Sum Contract

(c)

Item Rate Contract

(d)

Turn Key Contract

Answer:

Option (c)

12.

In which type of contract, bidders are allowed to quote rate in percentage of tender amount?

(a)

Iteam Rate Contract

(b)

Percentage Rate Contract

(c)

Measured Contract

(d)

BOT Contract

Answer:

Option (b)

13.

In which type of contract among listed below has the highest chances of ring formation?

(a)

Turn Key Contract

(b)

Item Rate Contract

(c)

Percentage Rate Contract

(d)

BOT Contract

Answer:

Option (c)

14.

In Percentage Rate contract, bidders can bid their rate at ________ rates indicated in bill of quanities.

(a)

At Par With

(b)

% Above

(c)

% Below

(d)

All of the above

Answer:

Option (d)

15.

In which type of contract measurment of executed items are not required to keep ?

(a)

Item Rate Contract

(b)

Lump-Sum Contract

(c)

Percentage Rate Contract

(d)

Cost Plus Contract

Answer:

Option (b)

16.

In lumpsum contract, If contractor abondones work he or she is liable to ________

(a)

To 10% penalty of total amount

(b)

To a 0.1% penalty per day of total amount

(c)

To get their terminated and receive work done amount

(d)

To be not eligible to get any amount of work done

Answer:

Option (d)

17.

A lump-sum contract is also a type of ________ Contract

(a)

Percentage Rate Contract

(b)

Turn Key Contract

(c)

Entire Contract

(d)

Cost Plus Contract

Answer:

Option (c)

18.

Which of this is not an advantage of Lump-Sum Contract?

(a)

Owner does not require funds to start project

(b)

Detailed measurement not required

(c)

Project cost is already know

(d)

Speed in construction

Answer:

Option (a)

19.

When owner of the project only performs duty of promoter and delegates duty of design and construction of project to large consortium or firm then such contract is called as ________.

(a)

Item Rate Contract

(b)

All In Contract

(c)

Cost Plus Contract

(d)

Lump-Sum Contract

Answer:

Option (b)

20.

When owner is supplying materials and bidder needs to complete all item through supplying labour then such contracts are known as ________.

(a)

Labour Contract

(b)

Material Supply Contract

(c)

Entire Contract

(d)

BOT Contract

Answer:

Option (a)

Showing 11 to 20 out of 23 Questions