True or False? Litigation would be the only recourse for an Owner to recoup losses from incorrectly installed project materials and equipment
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A:
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Q: How can the project records be used in litigation?
A: Litigation is the process of arguing or engaging in legal action in court as a method of settling a…
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Q: What phrase regarding time must be included in the contract to support a liquidated damages claim?
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A: Time measured in construction contracts: In any construction, project time plays an important role.…
Q: How can a project become involved in litigation?
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Q: True or false? A change order can be issued at any timeafter award of the contract.
A: A change order is an order used only to monitor a modification to someones initial build agreement.…
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A: Brief concept introduction- Contract- A contract is an agreement between two parties that is…
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A: It is a kind of insurance in Contract.
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A: When a dispute occurs within a business is called as business dispute. The business dispute should…
Q: Liquidated damages are intended to represent anticipated losses to the owner based upon…
A: Liquidated damages are shown in specific legal contracts as an evaluation of losses to one of the…
Q: Why is the Insurance coverage an important contractual responsibility of the contractor?
A: Insurance is very important in case of contract.
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Q: True or false? All risk belongs to the owner unless transferred by contract.
A: The given statement is "All risk belongs to the owner unless transferred by contract." It is true.
Q: What can be the result of the contractor’s failure to follow mandated government claims procedures?
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A: Builders Risk coverage is used to insure: b. property under construction
Q: Is litigation more preferable or the arbitration more preferred by the contractor?
A: lest's first understand the difference between "litigation" and "arbitration".
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A: Hi! Thank you for the question. As per the honor code, we’ll answer the first question since the…
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Q: What is Litigation?
A: Litigation is defined as the method of opposing legal action in or engaging in court as a means of…
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A: Using Ethiopian Federal Government Procurement and Property Administration Proc. No. 649/2009 A)…
Q: If the Contractor incorporates used material into a project without the Owner’s and/or Architect’s…
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Q: What is one of the most common causes of contractor claims?
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Q: How do the owners collect the liquidated damages from the contractors during construction?
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Q: What is Contractors All Risk Insurance?
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A: Given: A contractor has made regular modest financial payments to one of your coworkers. They are…
Q: Which of the following Project Delivery Methods would be best suited to an Owner that is not as…
A: B.) Design Build.
Q: How can the Rights of way minimize the loss in Risk Management?
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Q: Does the arbitrator have the authority to take final decision?
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Q: in case there's an abiguity in an contract whose interpretation shall govern/be favored?
A: The following interpretation will be used in the event of an ambiguity in a contract. Unambiguous…
True or False? Litigation would be the only recourse for an Owner to recoup losses from incorrectly installed project materials and equipment.
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- If 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?What can be the result of the contractor’s failure to follow mandated government claims procedures?Why is it important to understand how to choose the correct type of consruction contract to issue?
- What type of bond guarantees that if a contractor goesbankrupt on a project the surety will pay the necessaryamount to complete the job?Which of the following listed documents is the preferred location for specifying the amount of liquidated damages? Which document normally is used to specify the terms and conditions of the liquidated damages?Notice Inviting Bids Instructions to Bidders Bid or Proposal AgreementGeneral Conditions of the Contract Supplementary General ConditionsDivision 01 General RequirementsIn a construction contract, list the effects of achieving substantial completion upon the contract requirements,liquidated damages and retainage?