Name four types of risks that are properly retained solely by the owner.

Q: As the owner of the project MDS, you had defined the contractual relationshipsI parties involved in…

A: As an owner of the project, if you had defined a contractual relationship between the parties, which…

Q: Is risk management important in the management of construction or IT projects?

A: Yes, Risk management is very much important in the management of construction or IT projects. both…

Q: What are the Methods and procedures for providing tiebacks?

A: Various types of restrained wall systems such as tiebacks, screw anchors, dead men anchors, soil…

Q: What are the disadvantages of the certificate of compliances of products?a

A: There are various disadvantages of the certificate of compliance product some of them are mentioned…

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: Topic: Quantity surveying Material pricing needs to include shipping costs, sales tax, and storage…

A: 1. False. Material pricing is based on direct cost which includes cost of raw material, equipment…

Q: xplain on the total comparison analysis between workmen's compensation and contractor all risk…

A: Workers' compensation is a type of plan that offers pay substitution and healthcare benefits to…

Q: a) Briefly outline any five factors that would guide the process of plant acquisition.

A: Five factors that would guide the process of plant acquisition are: Communication: Have direct…

Q: What are performance and payment bonds?

A: A performance bond seems to be a guarantee bond provided by a lending firm or bank to ensure a…

Q: C. Classify the under listed instances into the appropriate types of contracts. a. A standard form…

A: It is required to classify following instances into different types of contracts (i) A standard form…

Q: Major Credit Categories under the LEED Rating System. List each one, and identify a prerequisite for…

A: Credit categories :  Sustainable sites Water Efficiency  Indoor Environmental Quality…

Q: Who can best assume the risk at the Risk  Management?

A: Risk is refers to the probability and the consequences of an event. Risk management is the method of…

Q: Determine four reliable sources of building material pricing data

A: Here is the four reliable sources of building material pricing data.

Q: Is it permissible for the owner’s representative to issue instructions or orders to a subcontractor…

A: Stopping work orders can be given when inspectors or an owner's representative consider workers…

Q: Construct a conceptual framework abour risk management in construction

A: Risk management: risk management is very important for any type of construction because due to the…

Q: What type of insurance protects against legal liability to public?

A: Liability insurance offers protection from claims that result from injury and harm to individuals…

Q: will be able to benefit from a particular type of equipment he will purchase even if that type is…

A: The contractor can acheive required productivity and work can be done with same level by the…

Q: In what way a contractor will be able to benefit from a particular type of equipment he will…

A: The contractor will be able to benefit from a particular type of equipment he will purchase even if…

Q: What is cost-of-service pricing? What is the relationship between value-of-service pricing and…

A: In type of cost-of-service pricing can be simply described as the cost for providing a particular…

Q: Who provides performance and payment bonds?

A: For several construction projects a payment bond is needed.

Q: is the result of paying suppliers, subcontractors, employees, and a host of other items such as…

A: Cash outflow is the result of paying suppliers, subcontractors, employees, and host of other items…

Q: What are the Pre-req of LEED SS credit?

A: Leadership in Energy and Environmental Design (LEED) is a rating system that can to the following…

Q: Determine the % of risk that has been transferred to sub-contractors given the following…

A: The given data is as follows: Materials=$150,000Labor=$158,000Equipment=$22,000Bonded…

Q: Valid contracts require an offer, an acceptance, and a consideration.Identify these elements in the…

A: A valid contractor is selected on the basis of qualification, type of work he has done, upto what…

Q: What are the benefits of Employer Liability Insurance?

A: Employer Liability Insurance It is useful for a person/owner when one of his/her workers meets with…

Q: An owner can protect themselves from a failure of the low bid contractor to live up to their bid by…

A: Bid bond is legal agreement that protects the owner from failure of low bid contractor by…

Q: List Five Price Categories that need to be Considered when Pricing an Estimate

A: Project costs are cost required to carry out a planned business endeavor and they are a key topic in…

Q: What are the physical risks at risk management?

A: Risk management is used for finding out the potential risks in advance, examining the risk, and…

Q: Is it vital to practise risk management while managing construction or information technology…

A: Risk management is the method of limiting or managing risk. In this process risk is identified and…

Q: Discuss the role of the Contract Administrator as the Employer's Agent and as an independent…

A: Hi! Thank you for the question. As per the honor code, we’ll answer the first question since the…

Q: What is the Spectrum of Risk?

A: The process of undertaking risks in the construction project to get returns in some certain amount…

Q: 12. 7. Explain one of the added costs that might be incurred by the contractor as a result of a…

A:

Q: The AIA and its Document Committee follow this (these) basic axiom(s) in drafting their every 10…

A: Basic axiom in agreement is to reflect the normal, reasonable expectations and actions of the…

Q: What is the importance of the performance and payment bonds?

A: A performance bond is carried out ensuring the contractor completes the work in compliance with the…

Q: What is a calculated risk?

A: A hazard or chance of failure whose degree of probability has been reckoned or estimated before some…

Q: The most important stakeholder in the project is: O a. contractors Ob. Sponsors, or clients O c. The…

A: Stakeholder of a project are those who are affected by the project.

Q: What is the Owner's role in the construction of a building? A) quality control  B) Initiate the…

A: Owners role includes Quality control  Initiate the project Choose framing method Finance the…

Q: What is meant by; Defects liability period, liquidates damages, cost planning, bid bond,…

A: 1. Defect liability period: It is a time period or time frame during which it is the responsibility…

Q: What risks can occur when operating with external contractors

A: A contractor in the construction industry is a person or company that has a contract to do work or…

Q: What Is the legal significance of a material misrepresentation in an insurance application?

A: Brief concept- Material Misrepresentation- Material Misrepresentation is defined as the deliberate…

Q: Explain the statement 'submittal of evidence insurance'?

A: The proof of valid insurance with an insurance company which is provided to another individual for…

Q: What are the payment provisions under NEC?

A: The first standout modification is that the contractor currently has associate degree obligation to…

Q: Which of the following Project Delivery Methods would be best suited to an Owner that is not as…

A: B.) Design Build.

Q: What are the advantages of the certificates of compliance of products?

A: The certainty that the product meets all the necessary requirements which are regulatory to be sold…

Q: Enumerate the measures that directors of corporation can take to promote good health and safety…

A: (a) The following are the measures that directors of corporations can take to promote good health…

Q: Define Risks at Risk management?

A: To define: Risks at Risk Management.