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How to Highlight General Contract

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In this video tutorial, Neil from My Contractors License addresses how long it typically takes to prepare for the general contractor's exam. He notes that most individuals study at different paces, but on average, it takes about a month to complete the course. Daily study time is generally around 45 minutes to an hour, especially before reaching the practice exams. The majority of study time should focus on highlighting key materials in the textbooks. For example, the ACI book contains 519 pages with 41 questions, taking around half an hour to highlight, while the IBC book is larger at 725 pages with approximately 300 questions, requiring more extensive study.

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What are the 4 types of contracts?

Types of Contracts: Learn About the 13 Main Options Fixed-Price Contract. Cost-Reimbursement Contract. Cost-Plus Contract. Time and Materials Contract. Unit Price Contract. Bilateral Contract. Unilateral Contract. Implied Contract.

What are the general conditions of the contract?

And the general conditions section is the portion of the contract document in which the rights, responsibilities, and relationships of the parties involved are itemized. It defines each contracting partys duties and privileges, and the rules that will govern the relationship.

What is one purpose of the general conditions?

The general conditions are an integral part of the contract for construction for a large project and they are incorporated by reference into the owner/contractor agreement. They set forth the rights, responsibilities, and relationships of the owner, contractor, and architect.

What is the general contract method?

General Contract Method. Consists of a contract drawn up between the owner and a general contractor. Owner is represented by the firm that was responsible for drawing up the contract documents. The owner will enter into two separate contracts, one with the designer and one with the constructor.

What are general conditions examples?

An example of General Conditions would be if the overall project duration is 12 months, personnel costs for a superintendent, project manager and other management personnel then can be estimated.

What is the purpose of the general conditions of the contract?

And the general conditions section is the portion of the contract document in which the rights, responsibilities, and relationships of the parties involved are itemized. It defines each contracting partys duties and privileges, and the rules that will govern the relationship.

What are the different methods of contracting?

The eight types of construction contracts include: cost-plus construction contract. design and build contract. guaranteed maximum price contract. incentive construction contract. integrated project delivery contract. lump-sum contract. time and materials contract. unit price contract.

What are the 3 types of contracts?

Generally youll come across one of three types of contract on a project: fixed price, cost-reimbursable (also called costs-plus) or time and materials.

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Highlight General Contract