MENU
Which of the following statements about FIDIC Contracts are true? Select TWO:
Suggested Answer: D
Get Premium L5M2 Questions
as Interactive Web-Based Practice Test or PDF
Real Exam Format
Detailed Explanations
Instant Access
Get Your Practice Test
The correct answers are as follows:
The consequences of this risk are huge, therefore the risk should be terminated. This means the cause of the risk is taken away (i.e. the animal testing).
32 comments · newest first
JO
Josefa
11 months ago
Compensation Event is a classic term in FIDIC contracts!
SH
Sharan
11 months ago
Early warning notices are definitely a thing in FIDIC.
VA
Vallie
12 months ago
Wait, are they really more collaborative? I thought it was the other way around.
GA
Gayla
12 months ago
Totally agree, but I think NEC is more collaborative!
ER
Erasmo
1 year ago
They are used in the construction industry.
AN
An
1 year ago
I vaguely recall something about early warning notices, but I can't remember if that's specific to FIDIC or not.
JE
Jesus
1 year ago
I practiced a similar question where change control was mentioned. I think option E about 'Compensation Event' is correct.
CA
Catherin
1 year ago
I'm not sure about the collaboration aspect compared to NEC contracts. I feel like I need to double-check that one.
AS
Ashley
1 year ago
I remember FIDIC contracts are definitely used in construction, so I think option A is true.
AD
Adelina
1 year ago
This question seems straightforward, but I want to make sure I get the details right. I'll carefully read through each option and select the two that are most accurate.
MA
Malika
1 year ago
Ah, I remember learning about FIDIC contracts in class. I think the key is understanding the collaborative nature and the early warning system. I'll focus on those aspects.
CA
Catarina
1 year ago
Okay, I know FIDIC contracts are used in construction, but I'm not certain about the specifics on risk management and change control. I'll need to double-check those points.
GE
Georgeanna
1 year ago
Hmm, I'm not too sure about the differences between FIDIC and NEC contracts. I'll have to review those details.
GE
Gearldine
1 year ago
I'm pretty familiar with FIDIC contracts, so I think I can handle this one. Let me think it through.
MA
Maynard
1 year ago
Schedule seems like the most likely option that's not a trigger type. I'll go with that.
HO
Howard
1 year ago
I practiced a similar question, and I think A and D are true, but I'm hesitating on the third one.
EL
Elise
1 year ago
I feel like the FIDIC Contracts are a secret society or something. All these unique terms and procedures - it's like they have their own language. But hey, at least they're trying to keep things interesting in the construction world!
ER
Ernie
1 year ago
Ah, the age-old FIDIC vs. NEC debate. I'm just going to go with 'more collaborative' and hope for the best. As long as I don't have to worry about any 'Compensation Events' or early warning notices, I think I'll be alright.
BE
Bernardine
1 year ago
Hmm, managing risks separately? That sounds a bit outdated. I thought the whole point of FIDIC was to foster more collaboration between the parties. Maybe I'm missing something here.
CA
Caprice
1 year ago
Yes, FIDIC contracts are commonly used in construction projects and they do require early warning notices to be given when risks arise.
MA
Mariann
1 year ago
D) Early warning notices are given when risks arise
TR
Tracey
1 year ago
Hmm, managing risks separately? That sounds a bit outdated. I thought the whole point of FIDIC was to foster more collaboration between the parties. Maybe I'm missing something here.
MA
Marsha
1 year ago
A) They are used in the construction industry
RE
Ressie
1 year ago
D) Early warning notices are given when risks arise
AN
Antione
1 year ago
A) They are used in the construction industry
OW
Owen
2 years ago
Interesting that 'Early warning notices' are given when risks arise. That could really help project teams get ahead of potential issues. And 'Compensation Event' for change control - that's a clever way to handle it.
MA
Maybelle
1 year ago
D) Early warning notices are given when risks arise
LA
Lashaunda
1 year ago
A) They are used in the construction industry
MA
Marlon
2 years ago
FIDIC Contracts are definitely used in the construction industry, that's a no-brainer. But I'm not sure about the collaboration aspect compared to NEC contracts. Guess I'll have to do some more research on that one.
CH
Chara
2 years ago
I agree with Colby, A and D make sense because FIDIC Contracts are used in construction and early warning notices are given.
KR
Kristofer
2 years ago
I think B and E are the correct statements.
CO
Colby
2 years ago
A and D are true.