Answered: . True or False? A payment bond…

Structural Analysis

6th Edition

ISBN:9781337630931

Author:KASSIMALI, Aslam.

Publisher:KASSIMALI, Aslam.

Chapter2: Loads On Structures

Section: Chapter Questions

Problem 1P

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Question

1. True or False? A payment bond provides the construction contractor a guarantee that they will
receive timely payment for properly completed work

2. True or False? The terms price and cost are the same thing as it applies to a construction
estimate.

3. From the following list, which item is least governing when interpreting a contract requirement?
a. The Contract Agreement
b. Amendments to the Contract Agreement
c. Section view drawings
d. Specifications

Expert Solution

Step 1: Introduction

Construction works include demolition, erection and repair of structures and civil works. Construction relies on three sectors, including building infrastructure and industry. Every construction project is unique and varies in size and scale.

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