Building permit and bond costs

Circle the most appropriate answer to the questions listed below.

1. A proposed change-order log will be produced to track the following:
   a) A job progress schedule
   b) Project alternates and allowances
   c) The submission and disposition of any requests for changes that might occur
   d) None of the above
2. “As-built” drawings can be paper or electronic & document the following:
   a) Location of concealed items
   b) Records all changes
   c) Elevations & dimensions
   d) All of the above
3. An amount stated in a bid that can be added or deducted by an owner if the defined
   changes are made to the plans or specifications of the base bid:
   a) Addenda
   b) Alternates
   c) Allowances
   d) Bulletin
4. AIA Document G701 pertains to the following:
   a) Contract time
   b) Contract cost
   c) Overhead and profit
   d) Building permit and bond costs
5. The process of forecasting or approximating the time and cost of completing project
   deliverables is:
   a) Benchmarking
   b) Scheduling
   c) Estimating
   d) Buyout
6. Record drawings include:
   a) Structural changes
   b) Record of all changes
   c) The location of concealed items
   d) All of the above

Sample Solution