In transferring risks to sub-contractors, should the bonding capability of the sub-contractor be a factor? O a. No. It only increases the cost O b. Yes. You can charge the owner more money. Oc. No. Sub-contractors are fully responsible O d. Yes. Bonding protects from a default by the sub-contractor
In transferring risks to sub-contractors, should the bonding capability of the sub-contractor be a factor? O a. No. It only increases the cost O b. Yes. You can charge the owner more money. Oc. No. Sub-contractors are fully responsible O d. Yes. Bonding protects from a default by the sub-contractor
Fundamentals Of Construction Estimating
4th Edition
ISBN:9781337399395
Author:Pratt, David J.
Publisher:Pratt, David J.
Chapter13: Pricing Subcontractors' Work
Section: Chapter Questions
Problem 6RQ
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Transcribed Image Text:In transferring risks to sub-contractors, should the bonding capability of the sub-contractor be a factor?
O a. No. It only increases the cost
O b. Yes. You can charge the owner more money.
O c. No. Sub-contractors are fully responsible
O d. Yes. Bonding protects from a default by the sub-contractor
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Subcontractor bonding legally allows the general contractor to pay subcontractor only when they've received payment from client.
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