Contract Administration & Project Management Flashcards
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Read the first 7 Contract Administration & Project Management flashcards as text
Under Florida law, what is the maximum period a contractor can be held to a fixed-price contract before having the right to request a price adjustment due to material cost escalation?
Answer: The contract period itself governs unless a specific escalation clause exists
Florida statutes do not set a universal escalation trigger period; the contract terms and any express escalation clause control the parties' rights.
A subcontractor submits a claim for additional compensation due to differing site conditions. Which document should the general contractor review FIRST to evaluate the claim?
Answer: The original geotechnical report
The geotechnical report establishes the baseline subsurface conditions that the contractor relied upon at bid, making it the primary reference for a differing site conditions claim.
Florida Statute §713 (Construction Lien Law) requires a contractor to record a Claim of Lien within how many days after the last furnishing of labor, services, or materials?
Answer: 90 days
Under §713.08, a Claim of Lien must be recorded within 90 days after the claimant's last furnishing of labor, services, or materials.
When a Florida contractor receives a Notice to Owner from a materialman, what is the primary obligation triggered for the contractor?
Answer: Track payments to ensure the lienor is paid before final disbursement
A Notice to Owner alerts the contractor that a lienor has preserved lien rights, obligating the contractor to ensure that party is paid to protect the owner from double payment claims.
A project owner issues a unilateral change order reducing the contract scope. Under standard contract terms, the contractor's BEST immediate response is to:
Answer: Perform the reduced scope and reserve rights in writing
Continuing work under protest while formally reserving rights in writing protects the contractor's claim without breaching the contract.
Which scheduling method explicitly identifies ALL activities that, if delayed, will delay the project completion date?
Answer: Critical Path Method (CPM)
CPM identifies the longest sequence of dependent activities (the critical path), and any delay to a critical activity directly extends project completion.
A Florida licensed contractor is required to disclose a known latent defect in a structure to a prospective buyer. Failure to disclose can result in:
Answer: License revocation or suspension under Chapter 489
Under Chapter 489, concealing a known material defect is grounds for disciplinary action by the Florida Construction Industry Licensing Board, including revocation.