51 Professional Practice Flashcards

1
Q

What must be proven for damages to be collected from a strict liability in tort?

A

It must be shown that a product defect caused an injury. Negligence need not be proven nor must the manufacturer know about the defect before release

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2
Q

A tort is?

A

Civil wrong committed against a person or his/her property which results in some form of damages. Torts are normally resolved through lawsuits

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3
Q

What is a boilerplate clause?

A

Clauses that have specific wording that normally would not be changed

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4
Q

Lump sum fee

A

Fee agreed between owner and contractor, typically used for small projects where the scope of work is clearly defined

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5
Q

Unit price

A

Fees based on quantities and unit pricing. Works best when materials can be accurately identified and estimated before the contract is finalized.

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6
Q

Cost plus fixed fee

A

All costs incurred by engineer is paid for by owner/client. Client also pays predetermined fee as profit to contractor. Has advantage when scope cannot be accurately determined in advance.

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7
Q

Per diem

A

Engineer paid a specific sum for each day spent on job. Travel fees are included on top of the sum as well

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8
Q

Salary plus

A

Client pays the employees on engineer’s payroll plus an additional percentage to cover indirect overhead and profit plus certain direct expenses

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9
Q

Retainer

A

Minimum amount paid by the client for a normal amount or work expected during an agreed-upon period. Nonreturnable even is engineer performs little work.

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10
Q

Incentive

A

Based on established target costs and fees and lists min/max fees and an adjustment formula.

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11
Q

Percentage of construction

A

Pays engineer a percentage of the final total cost of the project.

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