Practice CIPS L6M5 Exam Questions

Which of the following is true about Engineering, Procurement, and Construction (EPC) Contracts? (Select all that apply.) EPC contracts, commonly referred to as Turnkey Projects, are widely used in construction and infrastructure projects. These contracts require the contractor to design, procure materials, and construct the project to deliver a complete and operational facility to the client. Answer Options

Salvador Ltd is a manufacturer of batteries for domestic appliances and hand tools. The company recently expanded due to excellent sales and introduced new machinery for producing solar - powered batteries. They contracted Sunshine Ltd to build and install the machinery. The contract specified that the machine must produce 5 batteries per hour, but currently, it is producing only 4 batteries per hour. Salvador Ltd has agreed to work with Sunshine Ltd to resolve the issue within one month before liquidated damages apply. Q What stage is the project at? Answer Options

Which of the following is an advantage to the contractor in an EPC contract arrangement? EPC contracts provide several benefits to contractors, such as clear project scope, reduced risks, and better project management. Answer Options

Jerry is responsible for starting a new construction project. His company wants to build a new Water Park on the outskirts of town. He has prepared a Statement of Need, outlining requirements and benefits. Senior Management has approved the project to move forward. Q What should be Jerry's next task? Answer Options

Which of the following is NOT a benefit or function of a professional body? Professional bodies are established organizations that promote industry standards, ethical conduct, and professional development. Answer Options