What is Builder's risk insurance?a

Q: For the two lines of M20 bolts shown in the figure, determine the design tensile strength (kN) of…

A: given- a bolted section required- to calculate design strength.

Q: How is a contract executed?

A: An executed contract can be defined as an agreement that has been signed by all the concerned…

Q: How does the Legal system allocate most construction risks?

A: Risk can be defined in the context of project delivery as a set or an event of circumstances that,…

Q: What are Cole values

A: Solution: COLE stands for The Coefficient of linear Extensibility.  It is used to measures the soil…

Q: How is Standard Builder's Risk Insurance important?

A: In construction projects, builder's risk insurance is a type of property insurance that covers the…

Q: Write the advantages and disadvantages of the design-build contract?

A: The design-build contract is a type of contract in which the contractor has the sole responsibility…

Q: Name the four of the principal types of contractual relationships frequently encountered in…

A: Following are the four principal types of construction contracts: 1) Lump Sum Construction Contract:…

Q: What is the unconditional waiver?

A: The waiver of lien is a document from which is signed by a material supplier, subcontractor,…

Q: What is conditional waiver?

A: The lien waiver is a legal document that is executed when a person wants to give up their right to…

Q: Builders risk coverage is used to insure   A builder’s completed operations Property under…

A: Builders risk coverageis used to insure Property under construction

Q: What are the performance bonds?

A: Performance bond:

Q: Which is one of the insurance form usually recommended for construction?why?

A: Construction insurance is a wide category of insurance policies which provide security throughout…

Q: The contract definition

A: Solution: The correct option to above given question is option C.

Q: Discuss the safeguard measures of a contractor.

A: The contractor is a person who looks after the safety of people at construction site. The contractor…

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: Differentiate between the conditional waiver and nonconditional waiver?

A: A construction lien waiver is a legal document that states a party waives future lien rights against…

Q: Write the legal and risk plan for a building materials company

A: Followings are the risk faced by building materials companies: 1.Safety hazards that lead to work…

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: Is the written contract accurate?

A: A written contract is a printed agreement between two parties, one a borrower and one a lender. It…

Q: What are the relevant licensing arrangements? This is related to building and construction

A: A construction project will typically need a number of licenses, permits, approvals, certificates…

Q: Describe the Standard Builder's Risk Insurance?

A: Builder's risk insurance seems to be a specialised form of property insurance which helps cover…

Q: Explain the statement 'submittal of evidence insurance'?

A: The proof of valid insurance with an insurance company which is provided to another individual for…

Q: What is Contractors All Risk Insurance?

A: Contractors all risk insurance is defined as an insurance policy in which all the risks during…

Q: What is Employers Liability Insurance?

A: Employers' liability insurance is also known as employment practices liability insurance which used…

Q: Name the six categories of risk.

A: The term risk is an aspect of action which has been taken even with uncertainty. The risk can also…

Q: True or false? A builder’s risk “all-risk” policy of construction insurance covers all perils…

A: The insurance which covers the building value of the property of ongoing construction is called as…

Pricing Construction Equipment

Pricing construction equipment means estimating the cost of operation of all the construction equipment used in a construction project. The pricing is done based on two factors – ownership cost and operating cost of the equipment. Thorough knowledge of the ownership and operating costs is necessary for proper project management and executing profitable construction.