1.What is the point at which an owner can begin to occupy a building or use it for its intended purpose?

At the end of the warranty period

After final completion

When the payment bond is terminated

After substantial completion

2.What is used to determine periodic payment amounts on unit price contracts?

Submitted invoices, receipts, and timesheets plus the contractor's fee.

A fixed, monthly installment negotiated at the start of the project.

Schedule of Values and percentage completion on each pay item

Unit prices originally bid and quantities measured.