Question 1

According to the text, 1) read the contract, 2) understand the requirement, and 3) invoice for completed work are the three most important phases of Contract Administration

Accepted Answer

The three most important phases of Contract Administration typically include: 1) Pre-award phase (planning and defining requirements), 2) Award phase (selecting a vendor and forming the contract), and 3) Post-award phase (managing the contract and ensuring compliance). Reading the contract, understanding the requirement, and invoicing for completed work are important actions within these phases but not phases themselves.

Question 2

Good Contract Administration helps&#10;A) the Constructor to get paid early&#10;B) helps navigate and document your company's efforts in regard to the contract&#10;C) everyone agree on what and exactly how things are to be done&#10;D) levels the playing field

Accepted Answer

Good contract administration ensures that all efforts related to the contract are well-documented and navigated, which helps in managing the contract effectively.

Question 3

The contract is mostly about&#10;A) what we need to do for ourselves&#10;B) what will be required before we are paid&#10;C) what the other party needs us to do&#10;D) the level of quality expected

Accepted Answer

Contracts typically outline the obligations and duties that one party needs to fulfill for the other party, including services or actions that must be performed.

Question 4

When reading a Contract, we should pay particular attention to issues or items that affect&#10;A) schedule&#10;B) cost&#10;C) quality&#10;D) all of these

Accepted Answer

When reading a contract, it is important to pay attention to all the issues or items that affect the schedule, cost, and quality. These are the key factors that determine the success or failure of the project. By paying close attention to these issues, we can ensure that the project is delivered on time, within budget, and meets the desired quality standards. Therefore, D is the best choice.

Question 5

Developing good Contract Administration habits begins with&#10;A) knowing what you want&#10;B) being ready to do whatever it takes to get your way&#10;C) not allowing others to get in our way&#10;D) finding clients that will let us do what we do best

Accepted Answer

Developing good Contract Administration habits begins with knowing what you want. It is important to have a clear understanding of your goals and objectives, as well as the terms and conditions of the contract, in order to effectively administer it. Being prepared and knowledgeable about the contract will help to identify potential issues and ensure that both parties are meeting their obligations. Being ready to do whatever it takes to get your way, not allowing others to get in the way, or finding clients that will let you do what you do best are not effective or ethical ways to approach contract administration.

Question 6

Good Contract Administration depends on&#10;A) reading the contract&#10;B) understanding the contract&#10;C) executing the contract&#10;D) all of these

Accepted Answer

Good Contract Administration depends on reading, understanding, and executing the contract. All three steps are crucial to ensure that both parties fulfill their obligations and achieve the intended outcomes.

Question 7

We can only skim through certain parts of the contract if we have already read a similar contract before

Accepted Answer

It's important to read every contract in full, even if you've read similar contracts before, because each contract can contain unique clauses, terms, and conditions that could significantly impact your rights and obligations.

Question 8

Reapplying what was learned from one Contract Administration to the next is important

Accepted Answer

Reapplying what was learned from one Contract Administration to the next can help improve the process and avoid repeating past mistakes. It can also lead to increased efficiency and effectiveness in managing contracts.

Question 9

Good attorneys will rely upon the law rather than the documentation provided by the Contract Administrator

Accepted Answer

Good attorneys understand the importance of both the law and the documentation provided by the Contract Administrator, as the documentation often contains critical details about the contract's terms, performance, and any disputes or modifications that have occurred, which are essential for legal analysis and decision-making.

Question 10

Maintaining accurate records does not help to avoid disputes but it does provide an effective evidence trail

Accepted Answer

Maintaining accurate records helps to avoid disputes by providing clear documentation of transactions, agreements, and communications, and it also provides an effective evidence trail in case disputes arise.

Question 11

Understanding contract law improves one's ability to recognize when one needs help

Accepted Answer

The answer of Understanding contract law improves one's ability to...

Question 12

Understanding contract law helps to improve one's ability to navigate and document efforts related to contract obligations

Accepted Answer

The answer of Understanding contract law helps to improve one's...

Question 13

The Contract is more about what the other party needs to be done

Accepted Answer

The answer of The Contract is more about what the...

Question 14

According to the text, the Contract Administrator should look carefully for issues or items in the Contract related to cost, design, and quality

Accepted Answer

The answer of According to the text, the Contract Administrator...

Question 15

If the Contract is a preprinted and familiar one, the Contract Administrator does not need to read it

Accepted Answer

The answer of If the Contract is a preprinted and...

Question 16

Even if you have read and understood the Contract there will be many hazards between concept and reality

Accepted Answer

The answer of Even if you have read and understood...

Question 17

Reapplying what we have learned from one Contract Administration to the next is important for continuous Contract Administration improvement

Accepted Answer

The answer of Reapplying what we have learned from one...

Question 18

Boilerplate&#10;A) refers to parts of a Contract that appear to be the same in similar contracts&#10;B) is a mechanical requirement for most contracts&#10;C) is not as important as other parts of the contract&#10;D) is seldom required but has accumulated over years of use

Accepted Answer

The answer of Boilerplate&#10;A) refers to parts of a Contract...

Deck 1: Getting Started