Preview Questions Contract Administrator | Role Specific Skill

Question 1: What is the purpose of a construction lien waiver?

Which action should you take?

Choose only one option

To allow a contractor to start work without a signed contract

To protect contractors from environmental lawsuits

To release any claims against the property for unpaid work

To acknowledge completion of the project by all parties

Question 2: What is the best approach for negotiating termination clauses in a construction contract?

Which action should you take?

Choose only one option

Focus only on termination for non-payment, ignoring performance issues

Avoid specifying termination terms and address them as needed

Specify clear grounds for termination, including notice periods and penalties for both parties

Allow one party to unilaterally terminate without clear conditions

Question 3: How does a Contract Administrator balance the need for favorable contract terms with maintaining good relationships with contractors?

Which action should you take?

Choose only one option

Be flexible on terms but ensure that risks are appropriately allocated

Set only one-sided terms without consulting the contractor

Focus solely on strict terms to minimize risk

Agree to any terms proposed by the contractor to maintain relationships

Question 4: How can a contract administrator mitigate risks associated with vendor and subcontractor performance?

Which action should you take?

Choose only one option

By implementing detailed contracts and performance guarantees

By monitoring their financial status regularly

By avoiding any performance evaluations during the project

By delegating performance monitoring to the project manager

Question 5: How should a Contract Administrator handle the termination of a subcontractor during the construction phase?

Which action should you take?

Choose only one option

Terminate the subcontractor without documenting the issue

Review the contract terms, ensure that all legal and contractual obligations are met, and issue a formal termination notice

Terminate the subcontractor immediately without reviewing the contract

Wait until the project is complete and then address the issue

Question 6: What is the role of vendor performance evaluations in contract management?

Which action should you take?

Choose only one option

To assess whether vendors meet contract terms and quality standards, ensuring compliance

To maintain a record of payments made to vendors

To verify that vendors submit invoices on time

To document only positive performance feedback