Contracts Management (3160614) MCQs

MCQs of Contract Administration

Showing 11 to 20 out of 32 Questions
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11.

To protect project and stakeholders a special ________ is required.

(a)

Specific stakeholder agreement
(b)

Stakeholder Tender
(c)

Contract document
(d)

Contractual Framwork
Answer:

Option (a)

12.

Goal of the stakeholder agreement is ________

(a)

All parties are liable for damage
(b)

Only contractor is liable to delay
(c)

To distribute contractual risk evenly
(d)

All parties have clear understanding of their roles and responsibilities
Answer:

Option (d)

13.

The key mistake often made while drafting an agreement is ________

(a)

All parties are not included in agreement
(b)

Agreement is made without consent of some parties
(c)

Assuming that all parties understands their responsibilities
(d)

Agreement is made focusing view of client only
Answer:

Option (c)

14.

Detailed written agreement can avoid _________

(a)

Loss of important point during discussion
(b)

Memory difference of stakeholders
(c)

Any assumptions made by stakeholders
(d)

All of the above
Answer:

Option (d)

15.

A project progress report should include ________

(a)

Highlight of significant accomplishment
(b)

Current status of work
(c)

Explaination of deviation from original plan if any
(d)

All of the above
Answer:

Option (d)

16.

A progress report does not include actual versus planned progress for ________

(a)

Detailed Engineering
(b)

Materials Commitment
(c)

Labour accomodation
(d)

Field construction
Answer:

Option (c)

17.

A project progress report should not include ________

(a)

Photographs of the site progress
(b)

City development report
(c)

Site safety report
(d)

Status of subcontractors
Answer:

Option (b)

18.

Minimization of potential loss can be achieved by ________

(a)

Contract Administration
(b)

Contract Agreement
(c)

Contract Risk Management
(d)

All of the above
Answer:

Option (c)

19.

Which of the following is not a key benefit of contract risk management?

(a)

Maximum benifit to contractor
(b)

Understanding of contractual liabilities
(c)

Identification of process improvements
(d)

Enhanced corporate governance
Answer:

Option (a)

20.

Which of the following is key benefit of contract risk management?

(a)

Direct and tengible cost saving
(b)

Proactive response to address risk and insurance
(c)

Aids to decision making on risk transfer
(d)

All of the above
Answer:

Option (d)

Showing 11 to 20 out of 32 Questions
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