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1. (Under the FIDIC Red, Yellow, and Silver Books (edition 1999), which of the following entitlements of the Employer can result in a deduction of the Contract Price and Payment Certificates subject to Sub-Clause 2.5?
(2 correct answers apply))
A) Compensation for the costs of the initial review of the Contractor ' s Documents.
B) Paying the Nominated Subcontractor directly.
C) Cost of using the Employer ' s materials.
D) Delay Damages.
2. The Contractor is entitled to an advance payment. Applying FIDIC Red Book (edition 1999), which two of the following statements are correct?
Choose all of the correct answers (multiple possibilities):
A) The advance payment is to help the Contractor to finance some of its early cost and expenditure until it becomes entitled to first (non-interim) payment.
B) Under the General Conditions, the advance payment will be repaid by deducting all amounts from invoices until the entire advance payment is repaid.
C) Under the General Conditions, the amount of advance payment is to be paid in full by the Employer through one instalment.
D) The advance payment reflects the amount of works the Contractor has already performed up to the moment such advance payment is performed.
3. Under the FIDIC Red Book (edition 1999): the Contractor submitted Final Statement in accordance with the Contract and the Contractor wants to correct it. Can the Contractor correct the Final Statement?
A) Yes
B) No
4. (Under FIDIC Red and Yellow Books (both editions) the Engineer must have received technical education. Is this statement true or false?)
A) True
B) False
5. For the FIDIC Red Book (both editions), the Contractor is required to submit a progress report monthly.
When does the Contractor ' s reporting requirement end?
A) After issuance of the Performance Certificate.
B) After issuance of the Taking-Over Certificate.
C) Until all outstanding works as stated in the Taking-Over Certificate are completed.
D) At the Date of Completion of the Works (irrespective of whether there is minor outstanding work to be performed).
Solutions:
| Question # 1 Answer: B,D | Question # 2 Answer: A,B | Question # 3 Answer: A | Question # 4 Answer: B | Question # 5 Answer: C |
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