Question

3. If a contract has a value engineering clause and a con- tractor suggests to the owner that a feature or method be used to reduce the annual maintenance cost of the finished project, what will be the most likely outcome? A The contractor will be able to share one time in the owner's expected cost savings. B The contractor will be paid a fixed amount (specified by the contract) for making a sugges- tion, but only if the suggestion is accepted. C The contract amount will be increased by some amount specified in the contract. D The contractor will receive an annuity payment over some time period specified in the contract.

          3. If a contract has a value engineering clause and a con-
tractor suggests to the owner that a feature or method
be used to reduce the annual maintenance cost of the
finished project, what will be the most likely outcome?
A
The contractor will be able to share one time in
the owner's expected cost savings.
B
The contractor will be paid a fixed amount
(specified by the contract) for making a sugges-
tion, but only if the suggestion is accepted.
C
The contract amount will be increased by some
amount specified in the contract.
D
The contractor will receive an annuity payment
over some time period specified in the contract.

3. If a contract has a value engineering clause and a con-
tractor suggests to the owner that a feature or method
be used to reduce the annual maintenance cost of the
finished project, what will be the most likely outcome?
A
The contractor will be able to share one time in
the owner's expected cost savings.
B
The contractor will be paid a fixed amount
(specified by the contract) for making a sugges-
tion, but only if the suggestion is accepted.
C
The contract amount will be increased by some
amount specified in the contract.
D
The contractor will receive an annuity payment
over some time period specified in the contract.

Added by Chelsea H.

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