If a contractor has to quit a project due to a lack of funds what would be the best way to handle the breach of contract?
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If a contractor has to quit a project due to a lack of funds what would be the best way to handle the breach of contract?
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- Why is it critical for a prospective construction project manager to grasp the terms and conditions included in contracts and specifications? Give at least one rationale. Justify your response.If the specifications are silent on the subject, but a contractor asks you, as the Resident Project Representative or inspector, how to perform the work, which of the following is the recommended procedure? a. Be ready to help by telling the contractor your opinions,because as a member of the construction team,it is your responsibility. b. Politely decline because construction means andmethods are the sole prerogative of the contractor.c. Direct the contractor how to perform the workbecause you know that if the contractor asked you,it meant that he or she did not know how to execute the work, and the project may otherwise suffer delays or failures.. Are some of the tasks in the construction project dependent upon the completion schedule of another contractor schedule?
- What is the Main Contractor responsible for?If you were a contractor, would you respond to any and all Requests for Proposals you come across? Why would you pass on some of them or why would you bid on every single one?Why are there instances where two or more contractors form themselves into joint venture agreement to participate in the bidding for a project?
- The two major constraints that can hamper a construction project are time and resources. What actions can a project manager undertake to overcome these constraints?Many contracts require that the contractor prepare and present the construction schedule and receive the owner's approval before any contract payments are made.Explain in detail what are the three elements of the contractor 's schedule that the owner will typically be interested in?Describe the kind of risk involved, if any, where the engineer,the inspector, or the Resident Project Representative is contractually given the right to stop the work.
- Describe steps the project manager can take to protect the contractor’s interests in a change order situation.If the Contractor incorporates used material into a project without the Owner’s and/or Architect’s consent, the Contractor may be in breach of what obligation under the AIA General Conditions of Contract?Time and resources are the two primary obstacles that might derail a building project. How can a project manager overcome these constraints?