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Contract Administration & Project Management Flashcards

7 cards from real FCC practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.

Read the first 7 Contract Administration & Project Management flashcards as text
  1. In Florida, a Notice of Commencement must be recorded BEFORE the contractor:

    Answer: Begins actual construction

    Florida §713.13 requires the Notice of Commencement to be recorded before the first furnishing of materials or labor to prevent priority disputes among lienors.

  2. Under the AIA A201 General Conditions, the Architect's authority to reject nonconforming work is BEST described as:

    Answer: Authority to require removal or correction, but not to terminate the contract

    AIA A201 grants the Architect authority to reject work that does not conform to the Contract Documents and require its correction, but contract termination is an owner action.

  3. Which type of contract places the GREATEST financial risk on the owner for cost overruns?

    Answer: Cost-plus percentage of cost with no GMP

    A cost-plus percentage contract with no GMP means the owner pays all actual costs plus a percentage fee with no ceiling, leaving the owner fully exposed to cost growth.

  4. A contractor's project manager discovers that a subcontractor has installed incorrect pipe diameter. The FIRST step the PM should take is:

    Answer: Issue a written nonconformance notice and request a corrective action plan

    A written nonconformance notice documents the deficiency and triggers the subcontractor's obligation to respond with a corrective action plan before financial remedies are applied.

  5. Florida statute requires that a contractor's license number appear on all of the following EXCEPT:

    Answer: Payroll records

    Florida §489.119 requires the license number on proposals, contracts, and permit applications, but internal payroll records are not required to display it.

  6. Earned Value Management (EVM) uses which formula to calculate Schedule Variance (SV)?

    Answer: SV = Earned Value − Planned Value

    Schedule Variance = Earned Value (BCWP) minus Planned Value (BCWS); a negative SV means the project is behind schedule.

  7. Under Florida's Prompt Payment Act (§255.073 for public projects), what is the required payment period from the date the owner receives a proper pay request?

    Answer: 20 days

    Florida §255.073 requires state agencies to pay a proper invoice within 20 days; penalties and interest accrue after that deadline.