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Unformatted text preview: 13) What are change conditions? =>unforeseen condition of the soil Chapter 3 Questionnaire 14) What is VECP? =>Value Engineering Cost Proposal 15) Can you use VE during design phase? =>Yes 16) Which contract document can you find the clause for suspension, delay or interruption? =>General Conditions 17) What are the consequences of suspension, delay or interruption? => Money 18) What are LDS? => Liquidated damages 19) Are LDS actual damages or punitive damages? =>Actual Damages 20) What are progress payments? =>Periodic Payments 21) What is the purpose of retainage? =>Incentive for the contractor to finish job properly 22) How is progress reported? =>S-Curve, Bar-chart 23) When is the project accepted? =>Punch list is done 24) When is the retainage released? =>after 100 % completion...
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- Spring '09
- Judicial remedies, NTP, punch list, actual damages