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DBIA EXAM 3 NEWEST EXAM | QUESTIONS AND CORRECT ANSWERS | GRADED A+ | VERIFIED ANSWERS | JUST RELEASED (LATEST VERSION)
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Which of the following terms may be found contrary to public policy? a.) Indemnity b.) Limitations of Liability c.) Advanced waivers of lien rights. d.) No damages for delay. e.) All of the above. ---------CORRECT ANSWER-----------------e.) All of the above. _____ _____: Means of protecting a party who is reliant on someone's actions. ---------CORRECT ANSWER-----------------Promissory Estoppel What are 2 common examples of Promissory Estoppel? ---------CORRECT ANSWER-----------------1. Subcontractor bids
_____ Damages: Award what was reasonably expected from the contract. - --------CORRECT ANSWER-----------------Expectation _____ _____: When expectation damages not available, award what party would have had if contract had not existed. ---------CORRECT ANSWER---- -------------Rescission Damages _____ ______ & _____ _____: If contract's subject is unique, a court may order that the breaching party perform its obligations under that contract (specific performance) or stop doing something (injunction). --------- CORRECT ANSWER-----------------Specific Performance & Injunctive Relief _____ _____: Award of a reasonable sum of money (i.e., "what the claimant deserved") ---------CORRECT ANSWER-----------------Quantum Meruit Damages cannot be speculative, and must be proven to a _____ degree of certainty. ---------CORRECT ANSWER-----------------reasonable The contract may NOT impose limitations on what can be claimed. True or False? ---------CORRECT ANSWER-----------------False
Direct Damages or Consequential Damages? "Rental of temporary generator to meet power needs on project" --------- CORRECT ANSWER-----------------Direct Damages The _____ assumes risk of non-negligent design defects when it has separate contracts with the builder and designer. ---------CORRECT ANSWER-----------------Owner _____ _____: Provides the following implied warranties-- Plans and specs furnished are accurate and are suitable for intended purpose. --------- CORRECT ANSWER-----------------Spearin Doctrine The Spearin Doctrine is judicially recognized at both state and federal level. True or False? ---------CORRECT ANSWER-----------------True What case is this?
Owner causes performance of work beyond _____ _____ _____ but does not recognize contractor's entitlement to a change order. ---------CORRECT ANSWER-----------------Scope of Contract Which Constructive Changes Step is this? "Contractor has time or cost impact for something it did not anticipate." ----- ----CORRECT ANSWER-----------------Step 1 Which Constructive Changes Step is this? "Files request for change order." ---------CORRECT ANSWER----------------- Step 2 Which Constructive Changes Step is this? "Request is denied by owner." ---------CORRECT ANSWER----------------- Step 3 Which Constructive Changes Step is this? "Contractor follows process in Changes Clause to submit its claim for relief." ---------CORRECT ANSWER-----------------Step 4
_____ _____ _____: the use of a word in a specific industry. a.) Course of Performance b.) Course of Conduct c.) Terms of Art ---------CORRECT ANSWER-----------------c.) Terms of Art
_____ _____ _____: Unknown physical conditions at the site, of an unusual nature that differ materially from those ordinarily encountered and generally recognized as inhering in the work of the character provided for in the contract. ---------CORRECT ANSWER-----------------Differing Site Conditions _____ clauses frequently get in the way of efficient implementation of the DSC remedy. ---------CORRECT ANSWER-----------------Exculpatory Element of Constructive Acceleration: Contractor is entitled to a(n) _____ delay. ---------CORRECT ANSWER------ -----------excusable Element of Constructive Acceleration: Contractor gives Owner _____ _____ of the delay and a proper request for a time extension. ---------CORRECT ANSWER-----------------timely notice Element of Constructive Acceleration: Time extension _____ or _____. ---------CORRECT ANSWER------------------ postponed
What are 3 remedies if the Design-Builder fails to meet performance requirements? ---------CORRECT ANSWER-----------------1. Actual Damages
______ for Teaming Agreement: every party must ensure that they have the requisite qualifications and personnel to perform the Work. --------- CORRECT ANSWER-----------------Qualifications What 3 categories are the Best Practices organized into? --------- CORRECT ANSWER-----------------1. Procurement
Contracts used on DB projects should be _____, _____, and _____ and should promote the _____ aspects inherent in the DB process. --------- CORRECT ANSWER------------------ fair
Offers must demonstrate an expression of _____ to contract on certain terms. ---------CORRECT ANSWER-----------------willingness The response to an RFP is an example of a(n) _____. ---------CORRECT ANSWER-----------------Offer What 2 things can nullify an offer? ---------CORRECT ANSWER----------------
What is an example of a contract that the Statute of Frauds mandates to be written? ---------CORRECT ANSWER-----------------contracts that are impossible to complete within one year "Where a contract does not fix a definite price, there must be a definite method for _____ it." ---------CORRECT ANSWER-----------------ascertaining What case is this?
Ordinary _____ _____ _____: Exercise of that skill and judgement which can reasonably be expected from similarly situated professionals. --------- CORRECT ANSWER-----------------Standard of Care Expert testimony is needed to prove the Standard of Care "_____" --------- CORRECT ANSWER-----------------baseline What are 2 examples of privity of contract needed to sue a party for economic losses? ---------CORRECT ANSWER-----------------1. delay damages
_____ for Teaming Agreement: parties must have the insurance required for the Subsequent Agreement in place. ---------CORRECT ANSWER-------- ---------Insurance _____ _____ _____: defines who is responsible for what portion of the deliverables for the RFQ/RFP. ---------CORRECT ANSWER----------------- Matrix of Responsibilities Compensation for subsequent agreements can be any form of compensation including fixed sum, cost plus, hourly rates, etc. True or False? ---------CORRECT ANSWER-----------------True What case is this?