NCIDQ IDPX 2-6 Flashcards
Contract Administration
What is a performance bond?
This is a statement by a surety company that obligates the surety company to complete construction of the owner’s project if the contactor defaults,
What is the purpose of a labor and material payment bond?
This is used to guarantee payment for labor and materials on a project if the contractor defaults or otherwise fails to make payments.
At an owner’s request, a contractor may include alternates in the bid documents. What is an alternate?
This is a construction item that could, at the owner’s discretion, be substituted for a similar item in the base bid to reduce project costs.
What is a unit price?
This is a set cost for providing a portion of the construction work that is based on an individual quantity, such as per unit or per square foot.
What is allowance in interior design?
This is a set of amount of money that the interior designer estimates will cover cost of a particular item (construction or furnishing) when that cost cannot be determined precisely at the time of the bid or negotiated proposal.
Wrath are four types of written modifications that can be made after the execution of a contract?
- A change order
- An amendment to the contract
- A written order for minor changes in the work
- A written interpretation by the interior designer
What is retainage? (Also called holdback in Canada?)
An application for payment from is used for this.
In regards to interior design, what is sustainable completion?
In the construction project, this is the stage when the work, or a designated portion of it, is sufficiently complete according to the contract documents that the owner can occupy or use the site, even though a few minor items may yet need to be finished or corrected. T
Who has the authority to stop construction?
On a construction project, only owner can authorize this action
What is a change order?
This is a form used to authorize a change in contract time, contract cost or both made after the extension of the contract. It is generally prepared by the interior designer and must be signed by the designer, contractor and owner.
What are shops drawings?
These are detailed drawings, diagrams and other data prepared by a subcontractor or supplier that show exactly how the provider intend to supply and install work to meet the contract requirements. They are submitted to the contractor and interior designer for approval.
What is the basic process for getting approval on submittals from subcontractors or suppliers?
- The submittals is sent to the general contractor who review it and then sends it to the interior designer for approval
- If the submittal also require a review by one of the designer’s consultants, it is sent to the consultant for review.
- The submittal is then sent it to the contractor who returns it to who originally made the submittal.
What are the interior designer’s obligations during construction observation?
- Become generally familiar with the progress and quality of the work
- Keep the owner informed about the progress
- Endeavor to guard the owner against defects in the work
- Determine in general of the work is progressing in such a way that it is in accordance with the contract documents
Who has the authority to reject work that does not confirm to the contract sufficient?
The interior designer can reject work that does not conform to these
What is a claim in interior design?
This is a demand or assertion by the contractor or owner seeking payment of money, an extension of time or an adjustment or interpretation of the contract terms.