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Codes > Atlas Methods of Compensation 3 > Flashcards

Atlas Methods of Compensation 3 Flashcards

1
Q

Guarantee to enter into a contract if awarded

A

Proposal bond

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2
Q

Guarantee to execute the work in accordance with the terms of the contract (15% of the contract amount, upon contract signing)

A

Performance bond

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3
Q

Guarantee to pay all obligations arising from the contract (15% of contract amount upon contract signing)

A

Payment bond

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4
Q

Guarantee workmanship and quality of materials and equipment for 1 year (30% of the contract amount)

A

Guarantee bond

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5
Q

Change after the signing of the contract

A

Change order

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6
Q

Shop drawings

Conditions in the preparation of shop drawings

A

At the contractor’s expense

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7
Q

Shop drawings

Checking drawings of sub-contractors

A

Contractor to check

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8
Q

Shop drawings

To be numbered and dated containing the name of the project, descriptive names of equipment/material, and location of installation

A

Identification

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9
Q

Shop drawings

In duplicate

A

Letter of transmittal

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10
Q

Shop drawings

Corrections, changes, and variations

A

Architect’s approval needed

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11
Q

Shop drawings

Responsibility for accuracy

A

Contractor’s responsibility

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12
Q

Protection of adjacent property and existing utilities

  • Contractor’s sole responsibility
  • Existing utilities
A

Art. 17

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13
Q
  • Proposal
  • Tender documents
  • Invitation to bid
  • Bid bulletin
  • Instruction to bidders
A

Bidding documents

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14
Q
  • Evaluate
  • Review
  • Recommend
  • Notice to award
A

Architect

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15
Q
  • Approve
  • Awarding
  • Proceeding
A

Client

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16
Q

Assist the owner in obtaining proposals from contractors, analyzes bid results, and prepare abstract of bids, notice of award, notice to proceed, and other construction contracts

A

AoR (SPP Doc. 202)

17
Q

Soil boring test price

A

Php 35k per hole

18
Q

Geodetic engineer price

A

Php 5k (simple residential/4 sides) or per ha.

19
Q

Construction stakes and reference mark

A

Owner’s responsibility (lot lines, easements, benchmarks)

Contractor (other grades, lines, levels, and benchmark)

20
Q

Services of a licensed surveyor

A

Contractor’s responsibility to check column centers, piers, walls, pits, trenches, pipework, culvert utility lines, etc.

21
Q

Changes in the work

Changes ordered by owner

A

In writing

22
Q

Changes in the work

Adjustments of contract

A

In cost and time; consent of sureties and additional performance bond

23
Q

Changes in the work

Value of extra work

A

By estimate in a lump sum; by unit prices not exceeding 25% of original work contract; by actual direct cost + 15% profit, overhead, and tax

24
Q

Notice to proceed

A

After execution of contract agreement

25
Q

Contract time

A

7th day from NTP receipt

26
Q

Contractor to submit a schedule of construction work in critical path method or other forms acceptable to architect; Architect can order the contractor to take steps to ensure completion within the timeframe.

A

Schedule of completion

27
Q

CARI

A

Contractor’s All-Risk Insurance

28
Q

Contractor’s insurance and bonds

A

Art. 31

29
Q

Contractor’s insurance and bonds

Protection for bodily injury, death, or property damage

A

Contractor’s liability insurance

30
Q

Contractor’s insurance and bonds

From work performed by sub-con where guarantees are required; contractor to secure warranties from sub-con

A

Contractor’s guaranty warranty

31
Q
  • Contractor’s liability insurance
  • Contractor’s fire insurance
  • Contractor’s performance and payment bonds
  • Contractor’s guarantee bond
  • Contractor’s guaranty warranty
  • Contractor warrants and/or guarantees for one year
A

Contractor’s insurance and bonds

32
Q

CFEI

A

Certificate of Final Electrical Inspection

33
Q

Other requirements before final payment

A
  • Cert. of Bldg. Occupancy
  • Cert. of Final Inspection
  • 3 copies of directory of panel boards and circuits
  • Original & 3 sets of as-built dwgs
  • 3 copies of manuals
  • 3 copies of keying schedule
  • Guarantee bond 30% of contract price good for one year (required only if owner releases performance and payment bond)
34
Q

Contractor’s responsibility for accidents and damages

A

Art. 30

35
Q
  • Safeguards to be undertaken by the contractor
  • Contractor’s responsibility
  • Indemnity
A

Contractor’s responsibility for accidents and damages

Codes (21 decks)

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