Landscape Architect Registration Examination (LARE) Practice Exam

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What is the total value of a construction contract after three approved changes to a $1,000,000 contract?

$1,150,000

$1,100,000

The total value of a construction contract can be calculated by taking the original contract amount and adding the approved changes to it. In this case, the original contract is valued at $1,000,000.

To reach the answer of $1,100,000, three approved changes to the contract must total $100,000. This can be distributed in various amounts among the three changes, but the cumulative increase must equal $100,000. Therefore, adding $100,000 to the original contract results in a new total of $1,100,000.

The other options represent miscalculations or misunderstandings of the contract change process. For example, $1,150,000 could be the result of larger change orders, while $800,000 suggests there were deductions or reductions not accounted for. The base contract amount remains the same unless explicitly altered by the approved changes.

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$1,000,000

$800,000

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