What is one of the most common causes of contractor claims?

Q: Describe steps the project manager can take to protect the contractor’s interests in a change order…

A: A change order within the construction industry is a written record of a contract to add or remove…

Q: What are the advantages and disadvantages of using a bid depository to (a) a general contractor and…

A: Bid depository It is a set up whose work is to assemble bids from a subtrades and subsequently…

Q: Does the work covered in a construction contract include a stated gaurantee period?

A: The contract is a legal agreement which is signed between two or more parties. The limitation period…

Q: What are Bidders Prequalifications?

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

Q: Explain the tender procedures?

A: Tendering is the process of making an offer, bid or proposal, or expressing interest in response to…

Q: How can Some of the risks be transferred to others by contract?

A: The risk management technique in which the risk in a contract for project is transferred from one to…

Q: What are the side effects of change orders on the  the contractor's cost?

A: The nature of construction projects is complex and unpredictable, where lots of factors and…

Q: Why do some contractors include “bid clarifications” with their bid even when they risk having their…

A: Solution: Despite the risk of having their bid rejected, contractors will still, on occasion,…

Q: What factors should be considered by the contractor who is deciding whether to rent or buy…

A: Being a contractor, the requirement of construction equipment is necessary on every site. If a…

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: How is liens law beneficial for sub-contractor?

A: The liens law is a law that is used for protecting the rights of the professionals of getting paid…

Q: What are the four principal methods available for the resolution of construction claims?

A: The four principal methods for the resolution of construction claims are given as following:

Q: How is recording of Bids done?

A: Project bidding is the mechanism whereby the contractor submits a offer to the customer as a request…

Q: who submit them for the bidders ? who receives the pre-qualification files from the contractors?…

A: Tendering : Tendering is a process of inviting a number of contractor to execute a project through…

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: 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: Why is the contractor normally required to submit a bidbond when making a proposal to an owner on a…

A: A bid bond is indeed a form of building bond which, in such a building bidding phase, covers the…

Q: What is the cost Reimbursable contract?

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

Q: Determine the criteria for the selection of a contract. Time  Cost  Quality  Risk

A: Brief concept introduction- Contract- A contract is an agreement between two parties that is…

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: How are the bidder's errors interpreted?

A: The Bidder's Error are interpreted in following ways : 1. When the the rates of the bidder's…

Q: If safety requirements are not specified in the contract,is the contractor relieved of its safety…

A: The one of the main responsibility of the contractor is to ensure the safety measures of the…

Q: When a claim or dispute arises, what steps should be taken by the contractor?

A: In the construction project, the dispute arises due to disagreements between the parties on a…

Q: How do you think the government would select a contractor or vendor if they are entering uncharted…

A: The choice of contractor would become a crucial instrument for controlling contractor security in…

Q: What are the advantages and disadvantages to the contractor of renting rather than buying equipment?

A: Renting equipment increases the cost activity in the project if the quantum of work performed using…

Q: Describe the procedure of how partial payments to the contractor is done?

A: Partial payment is also called as progress payments. These payments are based on the percentage of…

Q: What is the Contractor payment? I don't understand what it means in the question's note.

A: contractor in a person which provide different types of services to the owner for example:- In…

Q: What factors influence the rate assigned to a contractor forWorkmen’s Compensation insurance?

A: Employers are legally obligated to take reasonable care to assure that their workplaces are safe.…

Q: What we can do if the consultant reject part form the work carried out by the contractor?

A: First of all do ensure that the consultant reject part form the work carried out by the contractor…

Q: 7. Which one of the following is not an element of strict liability? OA. With intent to mislead…

A: Strict liability is the imposition of liability on a party without a finding of fault.

Q: a) What is Bidding? b) Scope of the Manual of Procedure for the Procurement of Goods c) What is…

A: Four subparts are in the question.

Q: Is risk management necessary in construction or IT project management?

A: Yes, risk management is essential in both construction and IT project management. It's a crucial…

Q: What actions can be taken to collect liquidated damages for the failure of a contractor to meet…

A: Liquidated damages are penalties the value to which the parties assign as reimbursement for a…

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

A:

Q: How can an owner participate in the safety program at the construction project?

A: Involvement of owner in project is very important.

Q: What type of insurance provides protection from 3rd party claims which covers damage caused by…

A: Commercial General Liability (CGL) InsuranceOverviewCGL insurance pertains to the coverage given to…

Q: What are the contractor’s financing charges on a project, and how is the cost of financing charges…

A: Brief concept introduction- Every project needs a contractor and he/she charges some fees to…

Q: Why are there instances where two or more contractors form themselves into joint venture agreement…

A:

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: C. You have been employed by a newly established construction company as the project’s manager. You…

A: Tax clearance certificate: The tax clearance certificate is given by the government. This…

Q: The owner's representative is now withholding a current pay request for $300,000, requesting the…

A: Bid design-bid is a construction project delivery method in which the project owner contracts with…

Types of Contracts

A verbal or written agreement between a person and a firm, for undertaking construction, material supply, maintenance, and repair work which is enforceable by law is termed as a contract. The person who undertakes the contract for execution of the work is termed as a contractor. The contracts are classified into different types depending on the nature of the contract.