In this newly updated ARE 5.0 Construction and Evaluation Exam Prep course you will learn about the topics such as construction contract execution, construction support services, payment request processing, and project closeout. Our focused approach covers a comprehensive curriculum in less time, ensuring that the course covers each of the NCARB objectives for the ARE 5.0 Construction and Evaluation Exam. Instructor April Drake will discuss issues related to bidding and negotiation processes, support of the construction process, and evaluation of completed projects. The lesson format also includes new motion graphics and visual learning aids to enhance your studying and knowledge retention. When you are done with this course, you will have a thorough understanding of the content covered in the ARE 5.0 Construction and Evaluation Exam.
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The contractor will provide the architect with a final payment application, which will amount to the number of funds held back by the owner for completion of the punch list. In our previous example for substantial completion, the contractor would be submitting an application for payment for $40,000 which was twice the estimated cost to complete the punch list, to ensure that the contractor completed the project to his full extent. Section 9.10 further notes the architect's final inspection along with their previous site visits and inspections determines that to the best of their knowledge, the work is acceptable under the contract documents and that the contractor has fully performed their contractual obligations.
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From the course:
ARE 5.0 Construction & Evaluation Exam Prep
Duration: 5h 19m
Author: April Drake