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3. Answer whether the following statements are True/False (0.5 marks each, in total 3 marks): 1. There are no contingencies to be covered by the
3. Answer whether the following statements are True/False (0.5 marks each, in total 3 marks): 1. There are no contingencies to be covered by the contractor in a Cost Plus contract. 2. Alliance Contract (ALC) is part of the JCT suite of contracts. 3. In calculating the Prime Cost, the amount of costs and expenses arising from the contractor's right to suspend performance can be included. 4. The Schedule Variance is the best way to get an accurate assessment of schedule performance. 5. If the cost of labor and materials has not been separated there is additional analysis required to determine the cause of the calculated variance. 6. A project manager would be glad to see a TCPI of 1.07
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