In transferring risks to sub-contractors, should the bonding capability of the sub-contractor be a factor? O a. No. It only increases the cost O b. Yes. You can charge the owner more money. Oc. No. Sub-contractors are fully responsible O d. Yes. Bonding protects from a default by the sub-contractor

Q: What are Bidders Prequalifications?

A: - The motive of  prequalification process is to examine a contractor and to determine its…

Q: T or F The Owner's level of risk, as well as their level of control, is highest on a…

A: Note:- Hi! Thank you for the question, As per the honor code, we are allowed to answer three…

Q: Do the contractors have the right to file claims?

A: Yes, the contractors have the right to file claims.

Q: What are the several factors to chose a contract?

A: A contract is a legally enforceable file that identifies and regulates the rights and…

Q: Can the contractor, attempt to interpret the strict orders of specifications to prepare the bid?

A: Bidding is the process in a tender and the one who put the highest bid will get the contract.

Q: . True or False? A payment bond provides the construction contractor a guarantee that they will…

A: Construction works include demolition, erection and repair of structures and civil works.…

Q: Which of the following statements are valid reasons for the owner to terminate the work for cause?…

A: There are different reasons for an owner to terminate a construction contract for cause. The owner…

Q: What is Bidder Prequalification?

A: Bidder Prequalification:

Q: Under which conventional contract is the Representative involved?

A: The Representative is involved in the traditional procurement route contract which is commonly…

Q: True or false? All risk belongs to the owner unless transferred by contract.

A: The given statement is  "All risk belongs to the owner unless transferred by contract." It is true.

Q: 41. The amount of money paid to the contractor by the client after the agreement and before the…

A: Advance Payment- It is the amount of money paid by the client to contractor after agreement and…

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: Which of the following is NOT a method of termination? Rectification Agreement Frustration Breach

A: Answer:- Rectification is not a method of Termination  Explaination:-  Rectification in contract law…

Q: a. the bank that holds the mortgage has to approve of the selling price b. the bank that holds the…

A: Hi! Thank you for the question As per the honor code, We’ll answer the first question since 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: An engineer serves as the sole point contact with a state agency accepting bids for an upcoming…

A: Answer - C - Report the company , return the tickets and reject the bid.

Q: 2. Which of the fundamental ASCE canons below requires honesty (circle the canon(s) that require…

A: Solution Answer and explanation of above question is in second step

Q: What are the rules under which a contractor must rightfully operate?

A: A contractor is a person or a firm that performs work on a contract basis. A contractor undertakes a…

Q: Question 8 What is the contract delivery method called where the prime consultant is responsible to…

A: Brief concept introduction- Project delivery system- It is a system that gives permission to an…

Q: Why is it important to understand how to choose the correct type of consruction contract to issue?

A: Answer:- Construction contract:- It is a mutual or legally binding agreement between two parties…

Q: Do the project records define contractual parameters within which the parties should function?

A: Let's first understand "what is project record" Managing project records is a crucial responsibility…

Q: True or False? Litigation would be the only recourse for an Owner to recoup losses from incorrectly…

A: Given- True or False? Litigation would be the only recourse for an Owner to recoup losses from…

Q: What are the disadvantages of the written contracts?

A: Written contract: A written contract could be a written agreement between 2 parties, one a borrower…

Q: In preparing to bring a dispute to some kind of resolution,what measures should be taken by the…

A: In a construction project disputes arises when the contract parties disagree with each other. This…

Q: What questions should the owner consider before giving the responsibilities to the contractor?

A: The owner of the project should ask the following questions to the contractor before signing the…

Q: Does the arbitrator have the authority to take final decision?

A: Arbitration is a personal procedure in which the arguing parties decide that after obtaining…

Q: 6. Match the following terms with the most correct explanation Term Explanation Payment Bond…

A: 1) Payment bond:-  A payment bond is indeed a surety bond that somehow a contractor posts to ensure…

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.