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NEW QUESTION 49
Which of the following FIDIC Contracts would be suitable for a contract for offshore wind projects?
- A. Construction Contract
- B. Minor Works Contract
- C. Measured Term Contract
- D. Yellow Book Contract
This is the Yellow Book. This is briefly mentioned on p.74 and can often be missed by students. There is a question in the exam about which type of FIDIC contract can be used for construction projects and this is NOT explained in the study guide - so here is a link to FIDIC so you can revise this before the exam:
NEW QUESTION 50
Which of the following will you put into box 1?
- A. terminate
- B. treat
- C. transfer
- D. tolerate
The correct answers are as follows:
Table Description automatically generated
Nothing can be done to change this risk (you can't stop an earthquake from happening), so you therefore need to transfer the risk to another party, or include for this within a contract.
NEW QUESTION 51
Which of the following stages would come first within a risk assessment?
- A. treat risk
- B. analyse risk
- C. evaluate risk
- D. monitor risk
analyse is the correct answer. The full process is: establish context- identify- analyse - evaluate - treat - monitor and review. This is from p.122
NEW QUESTION 52