Contracts Management (3160614) MCQs

MCQs of Construction Contracts

Showing 1 to 10 out of 26 Questions
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1.

Which of this is not an advantage of Material Supply Contract?

(a)

Quick Delivery & Payment
(b)

Comparative Cheap Rates
(c)

No hassle of damage & theft during transportatio
(d)

Quality Checking Required
Answer:

Option (d)

2.

When contractor is only supplying materials then such contracts are called as ________

(a)

Turn Key Contract
(b)

Item Rate Contract
(c)

Material Supply Contract
(d)

Labour Contract
Answer:

Option (c)

3.

Which of the following is a disadvantage of Labour Contract?

(a)

Greater Co-ordination is required
(b)

Large Material Storage Required
(c)

Material Stock Record and Security Required
(d)

All of the above
Answer:

Option (d)

4.

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)

5.

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)

6.

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)

7.

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 (b)

8.

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)

9.

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)

10.

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)

Showing 1 to 10 out of 26 Questions
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