Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Who is to inspect work done by subcontractors - the engineer or the contractor? Does the owner have any
direct contact with the subcontractors? Give one example.
Expert Solution
Step 1
A general contractor is the person who is appointed by the owner. He is responsible for carrying out the smooth running of the day-to-day operations. He should ensure the management, communication and the effective utilisation of the resources.
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