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11) Actions by the owner that actively interfere with and delay work progress are typically covered by the protection provided to the owner by a

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11) Actions by the owner that actively interfere with and delay work progress are typically covered by the protection provided to the owner by a no-damage-for-delay clause. A. Ture B. False 12) A new dormitory building is initially planned to be completed by September 1 to provide space for incoming students in the Fall term. However, midway through the construction, the university decides that it would like to open the dormitory up early in order to house students during the Summer term also. The university contacts contractor and directs the firm to complete the project earlier than planned. The acceleration of the project in order to finish it earlier than originally planned would be considered construction acceleration A. Ture B. False 13) What are the types of surety bonds used in the construction industry? A. Design, bid, and construction B. Bid, performance, and payment C. Surety, insurance, and bonding D. Performance and payment E. Preconstruction and construction14) A surety bond works just like insurance - it only covers specific losses during a construction project A. True B. False 15) What happen when the contractor defaults on a bonded project? A. The contractor must complete the project without compensation B. The surety will ensure the project is completed according to the contract terms C. The surety and contractor are freed of their obligations D. The owner must assume responsibility for finishing the project 16) It is the surety's best financial interest for a contractor to default on a project A. Ture B. False 17) The principle by which an insurance company paying a claim can sue another party responsible for the damage is A. Transference B. Indemnification C. Subrogation D. Liability E. Compensation18) When considering construction warranties coverage, deviations from what is shown in the set of plans and specifications approved for the project A. Are not defects B. Are defects 19) A contractor's warrant typically covers flaws in the design and defects in the construction workmanship A. Ture B. False 20) Which statement about patent defects in NOT correct? A. They are clearly visible to an inspector B. Once accepted, an owner cannot late claim damages under the defective item's warranty C. They are different from latent defects D. Claims on a patent defect can generally be made even after the warranty period expires E. They are commonly listed on a punchlist

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