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CIPS Commercial Contracting L4M3 Question # 69 Topic 7 Discussion

CIPS Commercial Contracting L4M3 Question # 69 Topic 7 Discussion

L4M3 Exam Topic 7 Question 69 Discussion:
Question #: 69
Topic #: 7

EAC Facilities Management is planning for a new construction project in the suburban area. They decide to use NEC or FIDIC model form of contract for this project. Is this a right course of action?


A.

Yes, these forms aim at balanced risk/reward allocation between the parties


B.

No, the buyer will bear all the risks derived from the contract


C.

Yes, using these forms will eliminate all the risks


D.

No, the contractor won't understand the legal terminology in the contract forms


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