If a general contractor does not feel like paying worker's compensation fees, then the contractor does no have to. Each state has appropriated funds that will cover this option. (T/F)
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If a general contractor does not feel like paying worker's compensation fees, then the contractor does no have to. Each state has appropriated funds that will cover this option. (T/F)
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- 15 - Which of the following are the factors that can cause a short or long term cost increase within the scope of a construction project?A) The technical personnel specified in the contract are not at workB) Not paying the insurance of the technical personnel who should be on the job on timeC) AllD) Delay of work due to seasonal conditions other than force majeureE) Not completing the work within the work completion period specified in the contractHow are the Osho provisions applied to the project?In construction, Identify a risk. Explain the nature of the risk and its magnitude. Provide all assumptions. Explain the consequences of the risk on; i. Schedule ii. Cost iii. Quality of the project
- Q#2b) What are the factors affecting duty?What is the purpose of restrictions in the operation project?If a contractor entered in contract with a public agency to construct a pipeline from points A to B, and the public agency later decides to construct a pump station at one end of the pipeline, may this be done with a change order or must it be separately advertised for bid underseparate contract?
- 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%Develop a programming budget estimate for a 100,000 square-foot warehouse, assuming a square-foot cost factor of $60 per square foot. The site will be about 200,000 square feet with a site development cost of $3 per square foot. Use the following allowances to prepare your budget estimate: - Owner-furnished FFE: $1,000,000 - Owner soft costs: $800,000 - Programming fees: $50,000 - Geotechnical Investigation: $390,000On a public contract covered under state laws regulating the payment of prevailing wages to all workers, what will be the effect if federal grant funds are involved in the project?
- A consortium of international telecommunication companies contracted for the purchase and installment of a fiber optic cable linking two major cities at a total cost of US$920 million. The amount includes freight and installation charges estimated at 10% of the above contract pipe. If the cable shall be depreciated over a period of 14 years with zero salvage value. What is the book value after 8 years using straight line method?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 contractIf the Contractor incorporates used material into a project without the Owner’s and/or Architect’s consent, the Contractor may be in breach of what obligation under the AIA General Conditions of Contract?