Questions on Contracts Management

1. What remedies are in place when a contractor defaults on a contract 2. What is a bond? 3. What is a parent company guarantee? 4. What is the difference between a bond and a C!? ". What is C#M and whose responsibility is it? $. What is the difference between a principle and main contractor? %. What role does a planning super&isor underta'e during the construction phase of a pro(ect? ). What is the difference between &alue engineering and &alue management? *. What is ris' management and gi&e an e+ample of what you would do to manage ris'? 1,. -ou are wor'ing for a client and a contractor contacts you on the morning of the return date and states he can not ma'e the deadline. what do you do? 11. /e returns his tender and it is 01,,.,,, less than the nearest competitor. what do you do? 12. 1fter completing a tender analysis you realise that you ha&e made an arithmetical error. and the tender you thought was cheapest is not the case. what do you do? 13. What would you do if a contract was returned to you from a client and the 21#s section was left blan'? 14. -ou get a certificate bac' from the clients Q3 and it has been o&er&alued by 01,,.,,,. what do you do? 1". 4he internet and telephone connections are down on site. you need to source a subcontractor how do you do it? 1$. /ow did you go about procuring the earthwor's subcontractor? 1%. 5f a subcontractor is procured and needs an early start on site. what would you do? 1). What would you e+pect in a letter of intent? 1*. 5s a letter of intent a binding contract? 2,. What are the en&ironmental impacts of crushing concrete on site?