Deck 1: Getting Started

Question 1

According to the text, 1) read the contract, 2) understand the requirement, and 3) invoice for completed work are the three most important phases of Contract Administration

Answer 1

False

Question 2

Good Contract Administration helps

A) the Constructor to get paid early
B) helps navigate and document your company's efforts in regard to the contract
C) everyone agree on what and exactly how things are to be done
D) levels the playing field

Answer 2

B

Question 3

The contract is mostly about

A) what we need to do for ourselves
B) what will be required before we are paid
C) what the other party needs us to do
D) the level of quality expected

Answer 3

C

Question 4

When reading a Contract, we should pay particular attention to issues or items that affect

A) schedule
B) cost
C) quality
D) all of these

Question 5

Developing good Contract Administration habits begins with

A) knowing what you want
B) being ready to do whatever it takes to get your way
C) not allowing others to get in our way
D) finding clients that will let us do what we do best

Question 6

Good Contract Administration depends on

A) reading the contract
B) understanding the contract
C) executing the contract
D) all of these

Question 7

We can only skim through certain parts of the contract if we have already read a similar contract before

Question 8

Reapplying what was learned from one Contract Administration to the next is important

Question 9

Good attorneys will rely upon the law rather than the documentation provided by the Contract Administrator

Question 10

Maintaining accurate records does not help to avoid disputes but it does provide an effective evidence trail

Question 11

Understanding contract law improves one's ability to recognize when one needs help

Question 12

Understanding contract law helps to improve one's ability to navigate and document efforts related to contract obligations

Question 13

The Contract is more about what the other party needs to be done

Question 14

According to the text, the Contract Administrator should look carefully for issues or items in the Contract related to cost, design, and quality

Question 15

If the Contract is a preprinted and familiar one, the Contract Administrator does not need to read it

Question 16

Even if you have read and understood the Contract there will be many hazards between concept and reality

Question 17

Reapplying what we have learned from one Contract Administration to the next is important for continuous Contract Administration improvement

Question 18

Boilerplate

A) refers to parts of a Contract that appear to be the same in similar contracts
B) is a mechanical requirement for most contracts
C) is not as important as other parts of the contract
D) is seldom required but has accumulated over years of use