C4-KS51 Flashcards

Knowledge of procedures for monitoring construction costs and schedules (e.g., reviewing and certifying payments to contractor, reviewing lien releases).

1
Q

Contract Sum

A

-The Contract Sum is the total amount payable by the Owner to the Contractor for performance of the Work under the Contract Documents.

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2
Q

Schedule of Values

A
  • The Contractor submits a schedule of values allocating the entire Contract Sum to the various portions of the Work prior to submitting the first Application for Payment to the Architect.
  • The schedule of values shall be used by the Architect as a basis for reviewing Contractor’s Application for Payment.
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3
Q

Applications for Payment

A

-At least 10 days before the established date for each progress payment, the Contractor completes and submits AIA G702 Application and Certificate for Payment to the
Architect.

-Payments shall be made on account of materials and equipment delivered and stored on
site. If approved in advance by the Owner, payment may be made for materials and
equipment stored off the site.

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4
Q

Certificates For Payment

A
  • The Architect, within 7 days after receipt of the Contractor’s Application for Payment, shall either issue to the Owner a Certificate for Payment, with a copy to the Contractor, for such amount the Architect determines is properly due, or notify the Contractor and Owner in writing of the Architect’s reasons for withholding certification in whole or in part.
  • The issuance of a Certificate of Payment will constitute a representation by the Architect that the Work has progressed in accordance with the Contract Documents.
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5
Q

The issuance of a Certificate of Payment will not be a representation that the Architect
has;

A
  • made exhaustive or continuous on-site inspections
    reviewed construction means, methods, techniques, sequences, or procedures

-reviewed copies of requisitions received from subcontractors and material suppliers

-made examination to ascertain how the Contractor has used money previously
paid on account of the Contract Sum.

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6
Q

Decisions to Withhold Certification

If work on the Application does not match with work completed in the field, the Architect will…

A

… discuss with Contractor. If agreement cannot be reached, the Architect will issue the Application of Certificate of Payment to the Owner for the amount the Architect believes to be accurate.

-See Article 9.5 Decisions to Withhold Certification for more information.

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7
Q

Steps involved in certifying payment to the Contractor (overview)

A
  1. Contractor submits Application and Certificate for Payment (G702) to the Architect
  2. Architect reviews Application and Certificate for Payment and compares it against the Schedule of Values and site visits if necessary.
  3. If the Work completed in the field matches the Application, the Architect approves and signs the Application for Payment and sends to the Owner.
  4. If the Work completed in the field does not match the Application, the Architect will issue the Application for the amount he/she believes to be correct and send to Owner.
  5. Once the Owner receives the approved Application and Certificate of Payment, Owner makes payment to the Contractor.
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8
Q

The Contractor warrants upon submittal of an Application for Payment, …

A

…that all previous Work shall be free and clear of liens.

-The above statement essentially means that in order for the Contractor to be able to warrant that all previous Work is free and clear of liens, the Contractor would need to submit lien releases for previous work with the submittal of the new Application for Payment.

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9
Q

True or False

Per A201, One of the Architect’s responsibility is to review lien releases

A

False

There is no mention of the Architect’s responsibility to review lien releases in the General Conditions, so we would just need to make sure the lien releases are attached to the Application for Payment and forward all of that to the Owner when we approve the
Application for Payment.

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10
Q

Once an Application for Payment is approved, what is it then referred as. Who approves the Application for Payment?

A

Per A201, once approved the Application for Payment is then referred to as Certificate of Payment.

Architect has to approve application for payment

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11
Q

What final acts concludes the architect’s services?

A

Once the architect approves and issues the last application for payment, this concludes the architect’s services.

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