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1. Expenses associated with running a business that can’t be linked to creating or producing a product or
service
2. In this form of contract, the contractor cannot profit by any increase in cost.
3. works constructed for governmental agencies
4. Are passed whereby means are provided for a compulsory review of the contractor’s profits
5. Works constructed by private parties, partnership or corporations
Multiple Choice
1. Contractor has to be paid with the actual cost of the construction work with a specified percentage.
a. Cost plus percentage b. Cost plus fixed percentage c. Cost Plus Overhead d. Cost by Increase
2. If the cost of the work increases above that of estimate, _____ of the additional cost is paid by the owner
a. Half b. all c. none d. one fourth
3. If the work is completed behind the time, a corresponding _____ is made in the premium paid.
a. Deduction b. Addition c. Completion d. Loan
4. No departure from the contract requirements can be legally permitted.
a. Private Works b. Public Works c. Bidding d. Law Contract
5. Verbal acceptance of a proposal may consummate the contract.
a. Private Works b. Public Works c. Bidding d. Law Contract
True or False
1. In cost plus overhead, every increase in cost increases the amount payable to the contractor
2. If the cost of the work increases above that of estimate, all the additional cost is paid by the owner
3. Contracts for Cost Plus a Fixed Sum will secure the greatest returns to himself by the most expenditure of
time and money for the owner
4. Contractors also sometimes agree among themselves on the party to whom the award shall be made.
5. The negotiations which are important prior to the awarding of a construction contract will vary
Matching Type
Identification
1. Overhead expenses
2. Contracts for Cost Plus a Fixed Sum
3. Public works
4. Renegotiation Laws
5. Private Works
Multiple Choice
1. A
2. A
3. A
4. B
5. A
True or False
1.False
2.False
3. False
4. True
5. True
Matching Type
1. Public Works
2. Private Works
3. Contracts for COst Plus a Fixed Sum
4. Contracts for Cost Plus a Variable Premium
5. Letter of Intent
Identification
Multiple Choice
True or False
1. “Kw” refers to the installed capacity of a alternating current (A.C) electric plant.
2. Board members should be at least thirty (30) years of age for electrical engineers.
3. The passing general weighted average rating shall be seventy percent (70%) with no grade below fifty
percent (50%) in any group of subjects
4. RA 554 was signed Feb 24, 1995.
5. March 21, 2011, Estrada passed Senate Bill 2765.
Matching Type
Identification
1. RA 7920
2. Power Plant Design
3. watercraft
4. Board of Electrical ENgineering
5.Civil Engineering law
Multiple Choice
1.A
2.A
3.C
4.A
5.B
True or false
1.False
2.False
3. True
4. False
5.False
Matching Type
1.Electric Plant
2.Substation
3.Electrical System Design
4.Kva
5. kw