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1. Which one of the following is not a required document to be submitted by the Contractor if the Employer requests a proposal, prior to instructing a Variation, for FIDIC 2017 Yellow Book?
A) A description of the varied work.
B) A Programme for execution of the varied work.
C) Details of the resources and methods to be adopted by the Contractor.
D) A description of the proposed design.
2. Which one answer holds two statements that are both correct with regards to risks and key considerations regarding the Golden Principles?
A) " The Employer obtains the best value for money " AND " Disputes should be avoided to the extent achievable. "
B) " The Contractor should take advantage of its bargaining power every time possible " AND " Disputes are avoided to the extent achievable, minimised when they do arise, and resolved efficiently. "
C) " Only the Employer should be the one to obtain the best value for money " AND " The Contractor
/Subcontractor is paid adequately and timely in accordance with the Contract to maintain its cash flow. "
D) " The Contractor/Subcontractor is paid adequately and in a timely manner in accordance with the Contract to maintain its cash flow " AND " The terms of the Contract are comprehensive and fair to primarily the Employer " .
3. (Under the FIDIC Red, Yellow, and Silver Books (edition 1999), which of the following entitlements of the Employer can result in a deduction of the Contract Price and Payment Certificates subject to Sub-Clause 2.5?
(2 correct answers apply))
A) Delay Damages.
B) Compensation for the costs of the initial review of the Contractor ' s Documents.
C) Cost of using the Employer ' s materials.
D) Paying the Nominated Subcontractor directly.
4. The amount of an advance payment guarantee provided for pursuant to FIDIC Red and Yellow Books (both editions) may be reduced as of:
A) The date on which the entire advance payment is repaid as stated in the Payment Certificate
B) The date on which an amount is repaid by the Contractor as stated in the Payment Certificates
C) The Commencement Date
D) The date of the Taking Over Certificate
5. Under the FIDIC Silver Contract (edition 2017), which two of the answers provide for preconditions for certification and payment of the Interim Payment Certificate?
Choose all of the correct answers (multiple possibilities).
A) The appointment of the Contractor and receipt of the Advance Payment Guarantee, by the Employer, in the form, and issued by an entity, in accordance with Sub-Clause 14.2.1.
B) Receipt of a statement and supporting documents.
C) The appointment of the Contractor ' s Representative and receipt of the Performance Security, by the Employer, in the form, and issued by an entity, in accordance with Sub-Clause 4.2.1.
D) Receipt of a statement via a letter showing the amounts to which the Contractor considers itself to be entitled.
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: A | Question # 3 Answer: A,D | Question # 4 Answer: B | Question # 5 Answer: A,B |
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