Preview Questions Contract Administrator | Role Specific Skill

Question 1: How can a Contract Administrator ensure that the contract terms remain fair while protecting the company's interests?

Which action should you take?

Choose only one option

Include vague terms that allow flexibility in interpretation

Focus solely on risk management clauses without considering other terms

Prioritize minimizing costs over clear contract language

Clearly define each party's responsibilities, deliverables, and timelines

Question 2: What is the primary purpose of the "warranty period" in construction contracts?

Which action should you take?

Choose only one option

To ensure that the owner receives all necessary documents

To limit the contractor's liability for defects in the construction

To provide time for the contractor to make improvements after the project is completed

To guarantee that the contractor will return for all future work

Question 3: What is the role of a compliance audit in managing construction contracts?

Which action should you take?

Choose only one option

To assess financial expenditures on the project

To verify that the project complies with contractual and legal obligations

To ensure that all stakeholders have signed the necessary documentation

To evaluate the progress of the construction project

Question 4: When selecting a subcontractor for a construction project, what is the most important factor to consider?

Which action should you take?

Choose only one option

The subcontractor's reputation, experience, and ability to meet project requirements

The lowest bid

The subcontractor's willingness to negotiate project timelines

The subcontractor's preference for payment terms

Question 5: How does a Contract Administrator manage multiple revisions of a single project document?

Which action should you take?

Choose only one option

By only storing the final version and ignoring previous drafts

By using a version control system that clearly labels and tracks each revision

By allowing the project team to store documents independently without tracking versions

By keeping all versions and discarding older ones

Question 6: How can a Contract Administrator ensure compliance with tax laws in construction contracts?

Which action should you take?

Choose only one option

Leave tax responsibilities to the contractor without specifying them

Include clauses that address tax responsibilities, including sales taxes, property taxes, and other applicable levies

Focus only on payment terms and ignore tax-related clauses

Exclude tax clauses to avoid potential disputes