Question 1

Which of the following statements about the Critical Path are true? Select all that apply

Options :

A : the critical path is calculated by combining the expected duration of each activity which needs to be completed in order for the project to achieve its objectives

B : the critical path shows activities which have no slack

C : the critical path shows dependencies between activities

D : the critical path is often depicted pictorially with activities in boxes and arrows between the activities

Answer: A,B,C,D

Question 2

Under what circumstances can Specific Performance be used to compensate an innocent party for a contractual breach? Select All that apply

Options :

A : The innocent party did not fulfil their contractual obligations under the contract

B : Adequate remedies are not available

C : Money cannot remedy the situation such as in the case of sale of rare goods

D : When the innocent party wishes to avoid going to court

E : A contract has a liquidated damages clause

Answer: B,C

Question 3

Giant Construction Company is working on 5 large scale projects. Below are details of each project.

Project 1: Giant is working closely with the client to construct a hospital. The client has provided an estimate of what they think the construction will cost, and any savings will be shared between the parties. This form of contract is popular in the public sector and is being used due to its flexibility.

Project 2: This suite of contracts is known collectively as ‘the rainbow suite’ and is very rigid, not allowing for changes later down the line. The price of the construction was set on the date the contract was signed.

Project 3: This project is for the construction of wind turbines and is an international project. The pricing mechanism accounts for the cost of construction of each individual turbine.

Project 4: This is the most popular form of contract used in the construction industry and uses a Contract Administrator role who is responsible for the timely flow of information to all parties. The scope of the project was not clearly defined at the onset, so Giant is working with the client by sharing their costs incurred plus a small profit margin.

Project 5: This project is for the provision of ICT services and software provision. Giant is paid when certain milestones are met in the implementation of the project.

For each project, select the type of contract and pricing mechanism being used. Complete the table below by listing the type of contract and pricing mechanism being used for each project; CIPS, FIDIC, IMechE, JCT, Joint Venture Contract, NEC, Bill of Quantities, Cost Reimbursable, Cost plus award fee, Fixed Lump Sum, Activity Based Pricing, Target Costing.

Which of the following will you put into box 4?

2022-05-29-11-22-44-c059dc7bcc71482152bf6f13382bf03d

Options :

A : CIPS

B : FIDIC

C : IMechE

D : JCT

E : Joint Venture Contract

F : NEC

Answer: D

Question 4

Which of the following processes for managing change is the most passive?

Options :

A : coercion

B : bribery

C : persuasion

D : education

Answer: D

Question 5

Manchester City Council is looking to construct a new hospital and will be using a EPC style of contract. Which two of the following are the greatest risks to the Council?

Options :

A : ensuring the specification is correct

B : setting an accurate budget before the contract is signed

C : accurately communicating the requirements to the contractor

D : including a time-is-of-the-essence clause within the contract

E : ensuring the contractor limits the use of subcontractors

Answer: A,C