How can the Rights of way minimize the loss in Risk Management?

Q: Which situation is NOT an ethical conflict? a. An engineer is asked to provide his insurance…

A: Two statements are given and finding out which one is not an ethical conflict.

Q: What discount rate should a corporation use in a life-cycle costing study when investing funds that…

A: This question deals with a corporation use in a life-cycle costing study when investing funds that…

Q: Discuss about the provision of workers compensation laws regarding to exclusivity and significant.

A:

Q: Smith’s advertisement for bids on the construction of a sewage-disposal plant stated: “$500 per day…

A: Given: Smith gave advertisement for bids on the construction of a sewage-disposal plant…

Q: What are the three major types of construction bonds? Whyare they required? Name three items that…

A: Construction bonds is a surety bond which is signed between developer firm and contractor firm. It…

Q: What ten questions should be considered regarding equipment rental rates?

A: When obtaining rental equipment rates to be use in construction estimate pricing. It is essential to…

Q: c uou Which of the following risk categories will be reduced or eliminated for the owner if the…

A:

Q: xplain on the total comparison analysis between workmen's compensation and contractor all risk…

A: Workers' compensation is a type of plan that offers pay substitution and healthcare benefits to…

Q: what is meant by the zone of risk test?

A: Answer given in the below attachment

Q: What are the principal issues that should be considered in the allocation and assumption of risk…

A: A basic principle of risk management is that owners and contractors should predict future project…

Q: When and under what conditions would the option to contract be executed

A: Contract: The term contract is defined as the agreement between the two (or) more parties. The…

Q: How can the problem of bid closing congestion associated with receiving subtrade bids be reduced?

A: Answer:- Construction bidding:- Construction bidding is a process of submitting a proposal to…

Q: What steps must be taken to set up a partnership? How cana partnership be dissolved?

A: A general partnership does not require any official documents to set up. It can be as simple as an…

Q: Dependent and independent factors of risk management in construction industry.

A:

Q: What concept is used by Risk management to deal primarily with risks?

A: Risk Management is explained as a proper means to inspect areas of risk in a certain project…

Q: What is the cost Reimbursable contract?

A: A constructional contract is defined as an agreement between two parties in which general and…

Q: Who can best assume the risk at the Risk  Management?

A: Risk is refers to the probability and the consequences of an event. Risk management is the method of…

Q: 1. What levels of risk are realistic to assume?

A: Risk and construction, both runs parallel or simultaneously. Even the most carefully planned…

Q: What are the different types of business disputes?

A: When a dispute occurs within a business is called as business dispute. The business dispute should…

Q: When do Finance Failure Risks occur?

A: The financial failure risk is the possibility of losing the money invested on a project or any work,…

Q: How is the Electronic Bid package provided?

A: Construction bidding is the process of submission of tender (proposal) by the contractor to the…

Q: What role does risk management play in the management of construction

A: Risk management is the process of identifying and analyzing the hazards that your company faces, as…

Q: List what to be included for a conceptual framework about risk management in construction

A: Risk management: Risk management is very important for any construction by helping risk management…

Q: Construct a conceptual framework abour risk management in construction

A: Risk management: risk management is very important for any type of construction because due to the…

Q: Which principles are essential to an effective risk management program?

A: Risk management is a term used for finding out the potential risks in advance, analyzing the risk,…

Q: Liquidated damages are intended to represent anticipated losses to the owner based upon…

A: Liquidated damages are shown in specific legal contracts as an evaluation of losses to one of the…

Q: You have recently completed construction on a project that was contracted under a CCDC2 contract.…

A:

Q: . What are the payment provisions under JCT?

A: JCT Standard Building Contract 2011 payment terms are relatively complex. The system relies on the…

Q: What is the consequence to the contractor of a government infrastructure project to the delay of…

A: Explanation- The construction industry is a driver of economic growth because it fosters development…

Q: Define the term Instant contract savings?

A: Instant contract saving:

Q: What is Bidder Prequalification?

A: Bidder Prequalification:

Q: What is the Assurance program at the federal project?

A: The federal projects are compulsory allied to the assurance program.The assurance program helps in…

Q: What is the purpose of a cost control system? |

A: Explanation:  The cost control system is a system in the project cost management that is to control…

Q: Why is there a need for a statement of the prospective bidder of all its ongoing government and…

A: Solution: There is the need for the statement as:

Q: True or False? One option for competitive bidding is a lump sum proposal; one option for negotiated…

A: Let's talk about the first statement "One option for competitive bidding is a lump sum proposal"

Q: Who is responsible of sharing the risk problems at construction projects?

A: The given question is to determine the responsibility of sharing risk problems at construction…

Q: At which point in the bid process are errors most likely to occur? Explain why.

A: The part of the process that is most likely to produce the most errors during the entire bidding…

Q: How is the allocation of indirect costs usually done?

A: Let's first understand what is indirect cost: Indirect prices area unit those that can't be fully…