HG Construction has recently won a contract for $1million dollars. Upon being award contract, HG contacts its subcontractors and asks them to lower their initial bid amou unethical action is known as:

Q: machine has a life of 30 years, costs $244300, and has a salvage value of $10880 using straight-line…

A: Given the cost price of a machine and its salvage value after the period of 30 years.  To find :…

Q: Smith’s advertisement for bids on the construction of a sewage-disposal plant stated: “$500 per day…

A: Given: Smith gave advertisement for bids on the construction of a sewage-disposal plant…

Q: In the execution of any project, the contractor's role and responsibility is to: Oa. maintain safety…

A: Explaination : The Contractor has to control the work environment of the project. Contractor makes…

Q: Why do some contractors include “bid clarifications” with their bid even when they risk having their…

A: Solution: Despite the risk of having their bid rejected, contractors will still, on occasion,…

Q: Do the task according to the given instructions. Show solutions.

A: The objective of the question is to evaluate the profitability of an investment in a new enterprise…

Q: If a contractor built in a project contingency of $100,000 on a job and this was not itemized in the…

A: Contingency- It is an amount that is added to the estimate to cover any unexpected expenditure. I is…

Q: ucture and building foundations for Short’s new factory for a stated percentage of the contract…

A: The design and construction of super structure depends on the type of foundation used. Planning and…

Q: What payments are typically linked to Substantial Completion? And to Final Completion?

A: In any construction project, the owner must make monthly or regular payments to the general…

Q: 3. Negotiations is one of the methods for tendering procedures in selecting the main contractor to…

A:

Q: What actions can be taken to collect liquidated damages for the failure of a contractor to meet…

A: Liquidated damages are penalties the value to which the parties assign as reimbursement for a…

Q: A practice related to construction finance that can be interpreted as unethical is: A. front-loading…

A: There are many practices in the construction which are interpreted as unethical  Bribing…

Q: What can be the result of the contractor’s failure to follow mandated government claims procedures?

A: A contractor is a self-employed person that carries out work for the construction company. The…

Q: Question 14: What is a key characteristic of the preconstruction stage? o walkdown of the site o…

A: 14)  procurement  15) False  The wrong judged prices will be equally shared by both contractor and…

Q: What is the difference in between of bid bond and face value in bidding process ? (or in real…

A: A bid bond is a kind of a construction bond that safeguards a developer or an owner in a…

Q: how much money should be included in the overall bid price

A: Unit price contract is contract based on quoted price. So, unit price will be fixed.

Q: Define the term long lead purchases?

A: Long lead purchase:

Bid Package

A bid package is a set of all documents, often known as bid documents necessary to be submitted by a general contractor before participating in a competitive construction bid to receive tender of execution of any construction project.