38003 is a Level IV Special work element.
Interpret contractual requirements and the specific effects of various clauses on the contractor's performance. Understand the element of "liability" and its application to performance and payment bonds, liquidated damages, "hold harmless" phrases, and insurance coverage. Establish procedures to report on and conform to the requirements of federal and state regulations, including affirmative action, Copeland and Davis-Bacon, payroll affidavits, minority subcontracting, Executive Orders 11246 subsequent 11375, Small Business programs, women-owned business programs, OSHA, and tax considerations. Meet the obligations of contract administration, including preparation of project cost breakout for billing purposes, equipment submittals, purchase orders, project meetings, and coordination requirements. Prepare timely and accurate requisitions. Consider revenue factors, including retention and progress payments. Review punch list items and final job completion with consideration of release of liens. (Building Professional's Guide to Contract Documents)
Building Professional's Guide to Contract Documents
NICET TEST PREPARATION HANDBOOKS are now available for this element and for every element in level 1 through level 4.