Quiz - 2

Question 1

What is the purpose of a Bid Bond:

Answer 1

To ensure that the bid will be followed through

Question 2

What is the purpose of a performance bond:

Answer 2

Ensures that the contractor completes said work

Question 3

What is the purpose of a payment bond:

Answer 3

Ensures the contractors are paid

Question 4

Describe the Design-Bid-Build method of construction:

Answer 4

Program, Schematic Design, Bid, Construction Documents, Build

Question 5

Describe the Design-Build method of construction delivery:

Answer 5

The G.C is already selected so as soon as the design is complete the construction can begin

Question 6

Masterformat has been developed by the Construction Specifications Institute T/F:

Answer 6

True

Question 7

How many divisions make up Masterformat:

Answer 7

16 and or 50

Question 8

Name at least 4 divisions of the Masterformat:

Answer 8

Masonry
Metal
Wood
Concrete

Question 9

A project manual includes the project’s construction drawings T/F:

Answer 9

F

Question 10

The GC would usually require a performance bond from who:

Answer 10

The major subcontractors to ensure that the work was completed