Practice Prime & Sub-contracts (3.5) - General Principles of Contracts Management

Practice: Prime & Sub-contracts

Lesson 3.5General Principles of Contracts Management

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9 questions

Flashcard drill
4 cards from this section. Quick, good the night before a test.
Exercise
6 questions · about 4 min · pass mark 70%. Hints available.
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Quiz
3 questions · about 2 min · pass mark 70%. Hints available.
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6 sample questions

Question 1.
Define a prime contract.
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Think about the main relationships in contract management.
Question 2.
What is the purpose of a sub-contract?
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Consider why specialization is important in large projects.
3Question 3.
What is a prime contract?
- A contract between a subcontractor and a supplier
- The main contract between the owner and contractor
- An employment contract
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Think of the main relationship in a project.
4Question 4.
True or False: Sub-contractors are directly responsible to the project owner.
- True
- False
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Consider the chain of accountability.
Question 5.
A principal contractor faces significant delays caused by a subcontractor failing to meet deadlines. Discuss the implications this has on the prime contract and potential management strategies.
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Consider the consequences of contract obligations.
Question 6.
Analyze a scenario where two firms enter a joint venture to undertake a large project but later face conflicting commitments. How should they resolve their contractual obligations?
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Think about conflict management strategies.

5 more questions in this section. Enroll free to practise them all.