Contract Practice - Level 2 Flashcards

(17 cards)

1
Q

How have you produced contract documentation?

A

Prepared and issued tender documents including scope of work, drawings, specifications, BoQ, and draft AIA contract terms; coordinated with legal to incorporate project-specific amendments.

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2
Q

How have you carried out contractual mechanisms and procedures relevant to the financial management aspects of your project, such as change procedures, valuations, loss and expense and final accounts?

A

Issued change order logs, assessed contractor proposals, certified monthly payment applications, and negotiated the final account in line with contract provisions.

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3
Q

How have you advised on general contractual provisions such as letters of intent, insurances, retention, bonds, liquidated damages, early possession, practical completion and other common contractual mechanisms?

A

Provided written recommendations to the client on appropriate retention %, LD rates, insurance cover, and security instruments; advised on early possession implications and practical completion procedures.

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4
Q

Explain how you have selected a suitable contract based on the procurement route.

A

Recommended AIA A102 GMP with A201 General Conditions for the negotiated GMP procurement route, offering cost transparency and risk allocation suitable for a fast-track data centre.

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5
Q

Explain how you have dealt with post contract cost control.

A

Tracked committed vs. forecast costs, updated cashflow, managed contingency drawdowns, and issued monthly cost reports with variance analysis.

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6
Q

How have you managed change on a project?

A

Used structured change order process: scope verification, cost/time impact assessment, client approval, and formal issuance via AIA change order form (G701).

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7
Q

How have you produced a cashflow for a project?

A

Prepared cost-loaded schedule with contractor input, and reconciled monthly with actual progress and updated forecasts.

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8
Q

How have you implemented risk management?

A

Facilitated risk workshops, maintained a live risk register, quantified cost/schedule impacts, and incorporated mitigation strategies into cost plans.

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9
Q

How have you reported change to the risk register in cost reports?

A

Flagged emerging risks in monthly cost reports, updated risk register values, and re-forecasted cost exposure against contingency.

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10
Q

Explain your use of a bespoke form of contract. Why was this used?

A

I’ve never used a bespoke contract; however, I know the AIA form of contract clauses can be modified to include bespoke clauses.

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11
Q

Please outline the documents that made up the contract on this project.

A

Executed AIA A102 Agreement, A201 General Conditions, drawings/specifications, GMP schedule of values, addenda, and negotiated amendments.

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12
Q

What is an AIA contract?

A

A standard form agreement issued by the American Institute of Architects, widely used in the US, defining rights, responsibilities, and procedures for construction projects.

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13
Q

What were the project specific requirements that you aligned contract clauses to?

A

Fast-track schedule, modular building integration, restricted site access, data security protocols, and phased turnover for commissioning.

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14
Q

Did the contract include any amendments to standard clauses? If so, provide details of some.

A

No, there were no amendments to the standard clauses.

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15
Q

What was the default dispute resolution mechanism within this contract?

A

Mediation under the AIA process, followed by binding arbitration if unresolved.

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16
Q

What were the payment terms under this contract?

A

Monthly progress payments, net 14 days after architect certification, 5% retainage held until substantial completion.

17
Q

How did the change order process operate under this contract?

A

Changes initiated via RFI or CCD, cost/time impact submitted by contractor, reviewed and negotiated, then formalized through AIA G701 Change Order signed by all parties.