What exactly is a subprocedure?

Q: What does retainage mean in construction, what are its purposes, and how much is the retainage…

A: Retainage, also known as retention, is a portion of the agreed upon contract price deliberately…

Q: What are claims and disputs?

A: Claim:

Q: what are five records searched in the abstraction of title in a real estate transaction?

A: In a real estate transaction, the abstraction of title is the process of reviewing all the documents…

Q: Explain the purpose and operation of liquidated damages.

A: Introduction: Liquidated damages are referred to as the amount of payment accepted by the parties at…

Q: How can a project become involved in litigation?

A: Litigation is the mechanism through which a lawsuit is taken to trial. The legal cycle is usually…

Q: How can we calculate depreciation of any equipment?

A: Depreciation- It is defined as a technique that allows an organization to list its asset value over…

Q: how is quality measured in real estate?

A: In real estate, quality refers to the degree of excellence or fitness for purpose in the design,…

Q: State the comparison between Immediate Settlement and consolidation settlement ?

A: Immediate settlement: It occur almost immediately after load is imposed as a result to distortion…

Q: What is the responsibility of real estate personnel to access, read, interpret and apply legislation…

A: ACCESS THE LEGISLATION : 1. Federal (Federal Register of Legislation) process: open…

Q: Explain the indirect design approach FOR SETTLEMENT ESTIMATES  ?

A: The indirect design approach is highly dependent upon the conclusions which have been calculated…

Q: Does the contractor have to accept partial possession?

A: The partial passion usually needs the approval of the contractor and provides the owner to use part…

Q: Discuss the group settlement ratio?

A: Group settlement ratio- For defining the settlement in case of a pile group, this term is widely…

Q: Explain the process of submitted a claim?

A: Claim generally comes in between the parties who are under the construction contract. These claims…

Q: What are Un-liquidated damages?

A: The damages that occur due to the breach of the contract can be classified into liquidated and…

Q: What are claims and disputes?

A: Claims and Disputes:

Q: Define Das (1983) -The general elastic expression for settlement ?

A: Das(1983) gives the settlement expression for the semi-infinite homogenous half-space surface.

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: The amount that the property would bring if sold or junk. Scrap value Depreciation Earning value…

A: Asked: To choose the correct option corresponding to the given statement.   Given statement: The…

Q: Why is the “straight-line method” not a satisfactory way to calculate depreciation?

A: Answer Straight-line methodThe straight-line method is generally used for calculating depreciation.…

Q: Explain about the corrections to be made for the Settlement due toConsolidation ?

A: When a saturated soil is loaded externally, the water is squeezed out of the soil, and the soil…

Q: What is an Advanced Payment Bond?

A: An advanced payment bond is also called an advanced payment guarantee, it is provided by the party…

Q: What are the typical values of a Performance bonds?

A: A performance bond is also called a contract bond, it is a guaranty bond issued by a bank or an…

Q: How do the owners collect the liquidated damages from the contractors during construction?

A: Liquidated damages are the method of sharing risk between the owner and the contractor and are…

Q: What are Prejob Agreements?

A: Pre-job agreements are the letter that contains information regarding company policies,…

Q: What should be included within interim valuations?

A: Interim valuation are defined as the detailed breakdown which prepared by the contractor and it is…

Q: What are the common forms of settlement of contractor claims?

A: A claim may be a request for compensation not anticipated within the terms of the initial contract.…

Q: Define the term Lien Waivers?

A: A lien waiver is defined as the term which is used for a written agreement between a payer and the…

Q: 5. An electronic balance costs P90,000 and has an estimated saivage value of P8,000 at the end of…

A: We will calculate per year depreciation and then find book value.

Q: What is the Annual Equivalent Worth Criterion?

A: When the equal payments on annual basis are determined for measuring investment worth then it is…

Q: What is necessary to form a contract?

A: These are the key elements of a contract: Contract Basics Agreements are lawful arrangements between…

Q: How would you go about presenting an extension of a claim in construction?

A: The extension of claim in construction is the amount of time added to the contract length at the…