27 Contracts & Claims questions from the Site & Project Mgmt bank, written for Indian campus drives and tech interviews. Every question has a verified answer and an AI-tutor explanation on placd.
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A.NHAI pays 40 percent of project cost during construction and the balance as annuities with interest over 15 years of operation, keeping toll risk with the authority
B.12 months after completion during which the contractor rectifies defects at own cost, after which the security deposit is released
C.payment on measured quantities at quoted BOQ rates, a fixed price for a defined scope, or single-point design-build responsibility against employer's requirements
D.Red for employer-designed measured works, Yellow for plant and design-build, Silver for EPC turnkey, with 2017 editions and 28-day claim notices
Answer + AI explanation with Pro
2. Which term means: "payment on measured quantities at quoted BOQ rates, a fixed price for a defined scope, or single-point design-build responsibility against employer's requirements"?
Junior
A.Item-rate vs lump-sum vs EPC
B.Hybrid annuity model
C.FIDIC books
D.Defect liability period
Answer + AI explanation with Pro
3. Which statement is correct?
Junior
A.Item-rate vs lump-sum vs EPC — pre-agreed compensation for delay, typically 1.5 percent of contract value per month capped at 10 percent under CPWD GCC, enforceable only as a genuine pre-estimate
B.Item-rate vs lump-sum vs EPC — NHAI pays 40 percent of project cost during construction and the balance as annuities with interest over 15 years of operation, keeping toll risk with the authority
C.Item-rate vs lump-sum vs EPC — grant of extra contract duration for employer-caused or excusable delay, preserving liquidated damages and given with or without prolongation cost
D.Item-rate vs lump-sum vs EPC — payment on measured quantities at quoted BOQ rates, a fixed price for a defined scope, or single-point design-build responsibility against employer's requirements
Answer + AI explanation with Pro
4. What is Hybrid annuity model?
Junior
A.Red for employer-designed measured works, Yellow for plant and design-build, Silver for EPC turnkey, with 2017 editions and 28-day claim notices
B.NHAI pays 40 percent of project cost during construction and the balance as annuities with interest over 15 years of operation, keeping toll risk with the authority
C.payment on measured quantities at quoted BOQ rates, a fixed price for a defined scope, or single-point design-build responsibility against employer's requirements
D.instructed change in scope, quantity or quality priced at contract rates within the deviation limit and at derived or market rates beyond it
Answer + AI explanation with Pro
5. Which term means: "NHAI pays 40 percent of project cost during construction and the balance as annuities with interest over 15 years of operation, keeping toll risk with the authority"?
Junior
A.Retention money
B.Hybrid annuity model
C.Dispute resolution ladder
D.FIDIC books
Answer + AI explanation with Pro
6. Which statement is correct?
Junior
A.Hybrid annuity model — NHAI pays 40 percent of project cost during construction and the balance as annuities with interest over 15 years of operation, keeping toll risk with the authority
B.Hybrid annuity model — payment on measured quantities at quoted BOQ rates, a fixed price for a defined scope, or single-point design-build responsibility against employer's requirements
C.Hybrid annuity model — grant of extra contract duration for employer-caused or excusable delay, preserving liquidated damages and given with or without prolongation cost
D.Hybrid annuity model — 12 months after completion during which the contractor rectifies defects at own cost, after which the security deposit is released
Answer + AI explanation with Pro
7. What is Retention money?
Junior
A.pre-agreed compensation for delay, typically 1.5 percent of contract value per month capped at 10 percent under CPWD GCC, enforceable only as a genuine pre-estimate
B.5 to 10 percent held back from each running bill as security, released partly at completion and the rest after the defect liability period or replaced by bank guarantee
C.Red for employer-designed measured works, Yellow for plant and design-build, Silver for EPC turnkey, with 2017 editions and 28-day claim notices
D.12 months after completion during which the contractor rectifies defects at own cost, after which the security deposit is released
Answer + AI explanation with Pro
8. Which term means: "5 to 10 percent held back from each running bill as security, released partly at completion and the rest after the defect liability period or replaced by bank guarantee"?
Junior
A.Dispute resolution ladder
B.Hybrid annuity model
C.Extension of time
D.Retention money
Answer + AI explanation with Pro
9. Which statement is correct?
Junior
A.Retention money — NHAI pays 40 percent of project cost during construction and the balance as annuities with interest over 15 years of operation, keeping toll risk with the authority
B.Retention money — instructed change in scope, quantity or quality priced at contract rates within the deviation limit and at derived or market rates beyond it
C.Retention money — 5 to 10 percent held back from each running bill as security, released partly at completion and the rest after the defect liability period or replaced by bank guarantee
D.Retention money — grant of extra contract duration for employer-caused or excusable delay, preserving liquidated damages and given with or without prolongation cost
Answer + AI explanation with Pro
10. What is FIDIC books?
Mid
A.instructed change in scope, quantity or quality priced at contract rates within the deviation limit and at derived or market rates beyond it
B.Red for employer-designed measured works, Yellow for plant and design-build, Silver for EPC turnkey, with 2017 editions and 28-day claim notices
C.NHAI pays 40 percent of project cost during construction and the balance as annuities with interest over 15 years of operation, keeping toll risk with the authority
D.12 months after completion during which the contractor rectifies defects at own cost, after which the security deposit is released
Answer + AI explanation with Pro
11. Which term means: "Red for employer-designed measured works, Yellow for plant and design-build, Silver for EPC turnkey, with 2017 editions and 28-day claim notices"?
Mid
A.Item-rate vs lump-sum vs EPC
B.FIDIC books
C.Defect liability period
D.Variation
Answer + AI explanation with Pro
12. Which statement is correct?
Mid
A.FIDIC books — Red for employer-designed measured works, Yellow for plant and design-build, Silver for EPC turnkey, with 2017 editions and 28-day claim notices
B.FIDIC books — Engineer's decision, then dispute board or conciliation, then arbitration under the Arbitration and Conciliation Act 1996 with awards due within 12 months of pleadings
C.FIDIC books — payment on measured quantities at quoted BOQ rates, a fixed price for a defined scope, or single-point design-build responsibility against employer's requirements
D.FIDIC books — grant of extra contract duration for employer-caused or excusable delay, preserving liquidated damages and given with or without prolongation cost
Answer + AI explanation with Pro
13. What is Variation?
Mid
A.12 months after completion during which the contractor rectifies defects at own cost, after which the security deposit is released
B.pre-agreed compensation for delay, typically 1.5 percent of contract value per month capped at 10 percent under CPWD GCC, enforceable only as a genuine pre-estimate
C.Engineer's decision, then dispute board or conciliation, then arbitration under the Arbitration and Conciliation Act 1996 with awards due within 12 months of pleadings
D.instructed change in scope, quantity or quality priced at contract rates within the deviation limit and at derived or market rates beyond it
Answer + AI explanation with Pro
14. Which term means: "instructed change in scope, quantity or quality priced at contract rates within the deviation limit and at derived or market rates beyond it"?
Mid
A.Retention money
B.Variation
C.Defect liability period
D.Hybrid annuity model
Answer + AI explanation with Pro
15. Which statement is correct?
Mid
A.Variation — instructed change in scope, quantity or quality priced at contract rates within the deviation limit and at derived or market rates beyond it
B.Variation — Red for employer-designed measured works, Yellow for plant and design-build, Silver for EPC turnkey, with 2017 editions and 28-day claim notices
C.Variation — grant of extra contract duration for employer-caused or excusable delay, preserving liquidated damages and given with or without prolongation cost
D.Variation — 12 months after completion during which the contractor rectifies defects at own cost, after which the security deposit is released
Answer + AI explanation with Pro
16. What is Extension of time?
Mid
A.5 to 10 percent held back from each running bill as security, released partly at completion and the rest after the defect liability period or replaced by bank guarantee
B.pre-agreed compensation for delay, typically 1.5 percent of contract value per month capped at 10 percent under CPWD GCC, enforceable only as a genuine pre-estimate
C.grant of extra contract duration for employer-caused or excusable delay, preserving liquidated damages and given with or without prolongation cost
D.Engineer's decision, then dispute board or conciliation, then arbitration under the Arbitration and Conciliation Act 1996 with awards due within 12 months of pleadings
Answer + AI explanation with Pro
17. Which term means: "grant of extra contract duration for employer-caused or excusable delay, preserving liquidated damages and given with or without prolongation cost"?
Mid
A.Dispute resolution ladder
B.Extension of time
C.Liquidated damages
D.Defect liability period
Answer + AI explanation with Pro
18. Which statement is correct?
Mid
A.Extension of time — payment on measured quantities at quoted BOQ rates, a fixed price for a defined scope, or single-point design-build responsibility against employer's requirements
B.Extension of time — 12 months after completion during which the contractor rectifies defects at own cost, after which the security deposit is released
C.Extension of time — instructed change in scope, quantity or quality priced at contract rates within the deviation limit and at derived or market rates beyond it
D.Extension of time — grant of extra contract duration for employer-caused or excusable delay, preserving liquidated damages and given with or without prolongation cost
Answer + AI explanation with Pro
19. What is Liquidated damages?
Senior
A.NHAI pays 40 percent of project cost during construction and the balance as annuities with interest over 15 years of operation, keeping toll risk with the authority
B.Red for employer-designed measured works, Yellow for plant and design-build, Silver for EPC turnkey, with 2017 editions and 28-day claim notices
C.instructed change in scope, quantity or quality priced at contract rates within the deviation limit and at derived or market rates beyond it
D.pre-agreed compensation for delay, typically 1.5 percent of contract value per month capped at 10 percent under CPWD GCC, enforceable only as a genuine pre-estimate
Answer + AI explanation with Pro
20. Which term means: "pre-agreed compensation for delay, typically 1.5 percent of contract value per month capped at 10 percent under CPWD GCC, enforceable only as a genuine pre-estimate"?
Senior
A.Dispute resolution ladder
B.Defect liability period
C.Liquidated damages
D.FIDIC books
Answer + AI explanation with Pro
21. Which statement is correct?
Senior
A.Liquidated damages — payment on measured quantities at quoted BOQ rates, a fixed price for a defined scope, or single-point design-build responsibility against employer's requirements
B.Liquidated damages — pre-agreed compensation for delay, typically 1.5 percent of contract value per month capped at 10 percent under CPWD GCC, enforceable only as a genuine pre-estimate
C.Liquidated damages — grant of extra contract duration for employer-caused or excusable delay, preserving liquidated damages and given with or without prolongation cost
D.Liquidated damages — 5 to 10 percent held back from each running bill as security, released partly at completion and the rest after the defect liability period or replaced by bank guarantee
Answer + AI explanation with Pro
22. What is Defect liability period?
Mid
A.instructed change in scope, quantity or quality priced at contract rates within the deviation limit and at derived or market rates beyond it
B.grant of extra contract duration for employer-caused or excusable delay, preserving liquidated damages and given with or without prolongation cost
C.12 months after completion during which the contractor rectifies defects at own cost, after which the security deposit is released
D.Red for employer-designed measured works, Yellow for plant and design-build, Silver for EPC turnkey, with 2017 editions and 28-day claim notices
Answer + AI explanation with Pro
23. Which term means: "12 months after completion during which the contractor rectifies defects at own cost, after which the security deposit is released"?
Mid
A.FIDIC books
B.Dispute resolution ladder
C.Variation
D.Defect liability period
Answer + AI explanation with Pro
24. Which statement is correct?
Mid
A.Defect liability period — NHAI pays 40 percent of project cost during construction and the balance as annuities with interest over 15 years of operation, keeping toll risk with the authority
B.Defect liability period — 12 months after completion during which the contractor rectifies defects at own cost, after which the security deposit is released
C.Defect liability period — pre-agreed compensation for delay, typically 1.5 percent of contract value per month capped at 10 percent under CPWD GCC, enforceable only as a genuine pre-estimate
D.Defect liability period — Red for employer-designed measured works, Yellow for plant and design-build, Silver for EPC turnkey, with 2017 editions and 28-day claim notices
Answer + AI explanation with Pro
25. What is Dispute resolution ladder?
Senior
A.NHAI pays 40 percent of project cost during construction and the balance as annuities with interest over 15 years of operation, keeping toll risk with the authority
B.instructed change in scope, quantity or quality priced at contract rates within the deviation limit and at derived or market rates beyond it
C.Engineer's decision, then dispute board or conciliation, then arbitration under the Arbitration and Conciliation Act 1996 with awards due within 12 months of pleadings
D.grant of extra contract duration for employer-caused or excusable delay, preserving liquidated damages and given with or without prolongation cost
Answer + AI explanation with Pro
26. Which term means: "Engineer's decision, then dispute board or conciliation, then arbitration under the Arbitration and Conciliation Act 1996 with awards due within 12 months of pleadings"?
Senior
A.Liquidated damages
B.Hybrid annuity model
C.Dispute resolution ladder
D.Retention money
Answer + AI explanation with Pro
27. Which statement is correct?
Senior
A.Dispute resolution ladder — pre-agreed compensation for delay, typically 1.5 percent of contract value per month capped at 10 percent under CPWD GCC, enforceable only as a genuine pre-estimate
B.Dispute resolution ladder — grant of extra contract duration for employer-caused or excusable delay, preserving liquidated damages and given with or without prolongation cost
C.Dispute resolution ladder — Engineer's decision, then dispute board or conciliation, then arbitration under the Arbitration and Conciliation Act 1996 with awards due within 12 months of pleadings
D.Dispute resolution ladder — instructed change in scope, quantity or quality priced at contract rates within the deviation limit and at derived or market rates beyond it
Answer + AI explanation with Pro
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