5/5

5 DAYS 10 QUESTIONS

Crack your
next QS
Interview
DAY 5
5/5
Questions:

1.What experience do you have in project closeout,

and what activities do you consider critical to a
successful closeout?

2. How do you manage project cash flow, and what

strategies do you use to mitigate financial risks?

3.What is a bill of quantities, and how does it differ

from a schedule of quantities?

4.What is the difference between a variation order and

a change order in construction projects?

5.What is a payment application, and what

information should be included in it?

6.What is the difference between retention and

liquidated damages in construction contracts?
DAY 5
5/5
Questions:

7.What is a cost-plus contract, and how does it differ

from a fixed-price contract?

8.What is a retention bond, and how does it differ from

a performance bond?

9.What experience do you have with contract

administration, and how do you ensure that contracts
are managed effectively?

10.Can you describe a situation where you had to

manage a change request, and how did you ensure
that the change was implemented without causing
delays or cost overruns?
DAY 5 5/5
Answers:

1 In my previous roles, I have been responsible for project

closeout activities such as final inspections, documentation
review, and turnover to the client. Critical activities for successful
closeout include ensuring all work is complete and meets
contract requirements, obtaining all necessary permits and
certifications, finalizing all financial transactions, and conducting
a lessons learned review to identify opportunities for process
improvement.

2.Cash flow management is critical in any construction project,

and I would manage it by tracking all incoming and outgoing
cash flows, establishing cash reserves for contingencies, and
forecasting future cash needs. To mitigate financial risks, I would
monitor project performance metrics closely, identify potential
issues.

3.A bill of quantities is a document that lists all the materials,

labor, and equipment needed to complete a construction
project, along with their associated costs. A schedule of
quantities, on the other hand, is a document that outlines the
quantities of each item required for the project, but does not
include pricing information.
DAY 5 5/5
Answers:

4.A variation order is a change to the scope of work or

materials specified in the original contract, while a change
order is a change to the terms or conditions of the contract,
such as a change in payment terms or deadlines

5.A payment application is a document submitted by a

contractor or subcontractor to request payment for work
completed on a construction project. It should include details
of the work completed, the amount requested for payment,
and any supporting documentation, such as invoices and
receipts.

6.Retention is a percentage of the contract price that is held

back by the client as security against defects or delays in the
project, while liquidated damages are a set amount of
money that the contractor must pay to the client for each
day that the project is delayed beyond the agreed-upon
completion date.
DAY 5 5/5
Answers:

7. A cost-plus contract is a type of contract in which the

client agrees to pay the contractor for all the costs
incurred in completing the project, plus an agreed-upon
fee or percentage. A fixed-price contract, on the other
hand, is a contract in which the contractor agrees to
complete the project for a set price, regardless of the
actual costs incurred.

8.A retention bond is a type of security that is provided by

the contractor to the client to cover the cost of any
defects or issues with the project after completion. A
performance bond, on the other hand, is a type of security
that is provided by the contractor to the client to ensure
that the project is completed according to the terms of
the contract.
DAY 5 5/5

Answers

9 I have extensive experience in contract administration

for construction projects. To ensure that contracts are
managed effectively, I closely monitor contract
compliance and work with the project team to identify
any potential issues. I also ensure that all stakeholders
are aware of their contractual obligations and work to
resolve any disputes in a timely and effective manner.

10.In a previous project, there was a change request from

the client to modify the scope of work. To manage this
change request, I carefully evaluated the impact on the
project schedule and budget and communicated this to
all stakeholders. I worked closely with the project team to
ensure that the change was implemented seamlessly
without causing delays or cost overruns
 5/5

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