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Day 10 - DL MRCO - Lessons 34-37 Flashcards | StudBud
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Day 10 - DL MRCO - Lessons 34-37
Day 10 - DL MRCO - Lessons 34-37
8 terms
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StudBud Administration
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ID/IQ and Other Contract Types Construction / A&E Price Analysis Cost Analysis
Flashcards
8 cards
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Practice quiz
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Questions
8
Answers
1
A ________ is any cost that can be identified specifically with a final cost objective.
standard
direct cost
price
capital cost
2
____________ means combining design and construction in a single contract.
Design-build
Alteration
Construction
Design-bid-build
3
_____________ always involves some form of comparison with other prices.
Price estimating
Competition
Price analysis
Reasonableness
4
T/F: The prime contractor must conduct cost/price analyses to establish reasonableness of proposed subcontract prices
False
True
5
Changes in supply and demand that might impact price are called ______.
price adjustments
technology
fluctuations
market conditions
6
A ____________ is a simplified method of filling anticipated repetitive needs.
contract
undefinitized contract action
blanket purchase agreement
delivery order
7
If a payment bond is required it must equal ____% of the original contract price.
100
50
25
75
8
A __________ contract requires designated purchases from one contractor.
indefinite
time and materials
requirements
definite-delivery