3. Negotiations is one of the methods for tendering procedures in selecting the main contractor to execute of the proposed construction project. a. Briefly explain the criteria, advantages and disadvantages of this method. b. Explain the following: ii. iii. iv. Advance payment Interim payment Final payment Give ONE (1) example of interim payment by using percentage work done.

3. Negotiations is one of the methods for tendering procedures in selecting the main contractor to execute of the proposed construction project. a. Briefly explain the criteria, advantages and disadvantages of this method. b. Explain the following: ii. iii. iv. Advance payment Interim payment Final payment Give ONE (1) example of interim payment by using percentage work done.

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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Concept explainers

Types of Contracts

A verbal or written agreement between a person and a firm, for undertaking construction, material supply, maintenance, and repair work which is enforceable by law is termed as a contract. The person who undertakes the contract for execution of the work is termed as a contractor. The contracts are classified into different types depending on the nature of the contract.

Question

3.. Negotiations is one of the methods for tendering procedures in selecting the main contractor
to execute of the proposed construction project.
a. Briefly explain the criteria, advantages and disadvantages of this method.
b. Explain the following:
i.
ii.
iv.
Advance payment
Interim payment
Final payment
Give ONE (1) example of interim payment by using percentage work done.

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