Exam IIA-CIA-Part2 topic 1 question 56 discussion

Actual exam question from IIA's IIA-CIA-Part2

Question #: 56
Topic #: 1

[All IIA-CIA-Part2 Questions]

What is the most important risk in determining the validity of construction delay claims?

A. Contractor claims may be submitted prior to completion of the work.
B. Contractor claims may include costs considered in the fixed-price portion of the work.
C. Contractor claims may include subcontractor estimates of balances due to the subcontractor.
D. Contractor claims may be understated.

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Suggested Answer: B 🗳️

by wiseminosse at Sept. 30, 2020, 4:15 p.m.

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JamalAli

3 months, 3 weeks ago

This is about contract types. In general delays are to be paid and in another case it should be fixed rate then payment for delays is not reasonable. So, there could be fixious or fraud payment.

upvoted 2 times

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