General Contractors working an a project that requires several months to complete typically request payment from the Owner on a monthly basis. They submit what is referred to as a Pay Application. What do GC's typically ask for payment of? Group of answer choices A)Ordered materials and equipment B)Installed materials and equipment C)Materials and equipment stored on site D)A & B only E)A & C only F)B & C only G)All of the above

General Contractors working an a project that requires several months to complete typically request payment from the Owner on a monthly basis. They submit what is referred to as a Pay Application. What do GC's typically ask for payment of? Group of answer choices A)Ordered materials and equipment B)Installed materials and equipment C)Materials and equipment stored on site D)A & B only E)A & C only F)B & C only G)All of the above

Fundamentals Of Construction Estimating

4th Edition

ISBN:9781337399395

Author:Pratt, David J.

Publisher:Pratt, David J.

Chapter14: Pricing General Expenses

Section: Chapter Questions

Problem 4RQ

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Similar questions

Many contracts require that the contractor prepare and present the construction schedule and receive the owner's approval before any contract payments are made.Explain in detail what are the three elements of the contractor 's schedule that the owner will typically be interested in?
A client plans to construct a manufacturing plant that involves multiple engineering disciplines. Calculate the total engineering fees including taxes based on the following: Mechanical Works, $1,540,000 Electrical Works, $1,780,000 Earth Works, $950,000 Civil Works, $2,125,100 Environmental Works, $1,325,000 Basis B fees = 14% There are no office feesDo not include the Contractor payment in the engineering fees. Taxes = 13%
Describe the kind of risk involved, if any, where the engineer,the inspector, or the Resident Project Representative is contractually given the right to stop the work.
If the specifications are silent on the subject, but a contractor asks you, as the Resident Project Representative or inspector, how to perform the work, which of the following is the recommended procedure? a. Be ready to help by telling the contractor your opinions,because as a member of the construction team,it is your responsibility. b. Politely decline because construction means andmethods are the sole prerogative of the contractor.c. Direct the contractor how to perform the workbecause you know that if the contractor asked you,it meant that he or she did not know how to execute the work, and the project may otherwise suffer delays or failures.
Does the work covered in a construction contract include a stated gaurantee period?
Critically discuss the factors that must be considered by contractors when deciding to develop a proposal.
Which of the following shall be excluded in the contract costs of a construction contract? a. Costs that are directly attributable to contract activity in general and can be allocated to the contract b. Selling costs such as advertisement expense or commissions of real estate agents or brokers c. Costs that directly relate to the specific contract d. Such other costs as are specifically chargeable to the customer under the terms of the contract
Evaluation of the contractor’s schedule submittal should be limited to what three principal concerns?
Why should the Resident Project Representative not receive the submittals from the sub-contractors directly?
What are some of the restrictions imposed on the contractor in operation projects?
What are the temporary facilities provided by the Contractor?
Under a construction management (CM) contract,should the CM firm’s responsibilities normally begin at the construction phase, the design phase, the planning phase, or the conceptual phase?