Construction Management
5th Edition
ISBN: 9781119256809
Author: Daniel W. Halpin, Bolivar A. Senior, Gunnar Lucko
Publisher: WILEY
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Chapter 5, Problem 13RQE
To determine
Explain about Limited Liability Corporation and also state its advantages and disadvantages.
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- Complete the sentence: "If you check the calculations for a licensed (registered) friend who has started a consulting engineering business..." A. You do not need to be a licensed engineer. B. You should be paid for your work C. The friend's client should be informed of your involvement D. Your friend assumes all liability for your work Mr. Smith, a registered civil engineer, employs five unregistered subordinate individuals who design hydraulic structures and storm water systems. Which of the following statements is true? A. This is illegal as only registered individuals may do design work. B. It's legal as long as Mr. Smith is in responsible charge of the design work C. This is legal only if these subordinates have a contract with Mr. Smith D. This is legal as long as the subordinates only design storm water systems Which of the following is NOT a requirement to obtain registration as a professional engineer? A. Pass all required examinations required by the Board. B. Show evidence of…arrow_forwarda) What is Bidding? b) Scope of the Manual of Procedure for the Procurement of Goods c) What is ABC? d) Eligibility requirements of bidding.arrow_forwardwhat are the purpose of bill of quanties and give a brief explanation of the the basic information contained ?arrow_forward
- What are the performance bonds?arrow_forwardExplain the statement 'submittal of evidence insurance'?arrow_forward45 From the following given options, identify building costs. a. Brokerage fees, taxes, title fees, and attorney fees related building only b. All the given options c. Purchase price of building only d. Wiring, lighting, flooring, and wall coverings of building only Clear my choicearrow_forward
- if a board of directors consists of 10 people, in how many ways can a chief executive officer, a director, a treasurer and a secretary be selected?arrow_forwardDoes every claim include some form of estimate?arrow_forwardECE LAWS140 a) What are the steps in competitive bidding (Single-stage)? b) What is Two-Stage Competitive Bidding?arrow_forward
- What are performance and payment bonds?arrow_forwardWhy are monthly reports of Contract Performance important?arrow_forwardQ5. Insurance, Bonds and Guarantees With reference to your personal learning on the module, identify new knowledge that you have acquired via the module about the range of measures used to protect parties from risks associated with the performance of a construction contract. Then, to demonstrate your understanding, critically appraise in more detail one of the measures you have identified.arrow_forward
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