Contract Administration L1-3 Flashcards
1
Q
WHAT IS A PRICED ACTIVITY SCHEDULE?
A
Relates to a programme where each activity is allocated a price, interim payments are made against completion of each activity.
Submitted during tender stage with a programme.
Simplifies the administration / monitoring process of the interim payments.
Client’s consultant must ensure this is not unduly front-loaded and reflects normal cash flow rates.
Found within JCT and NEC Contracts.
2
Q
WHAT IS A RELEVANT MATTER?
A
3
Q
GIVE EXAMPLES OF A RELEVANT MATTER? INCLUDING YOUR DIRECT INVOLVEMENT
A
4
Q
WHAT IS A RELEVANT EVENT?
A
5
Q
GIVE EXAMPLES OF A RELEVANT EVENT? INCLUDING YOUR DIRECT INVOLVEMENT
A
6
Q
WHAT IS LOSS & EXPENSE?
A
7
Q
A
