Architectural Drafting and Design (MindTap Course List)
7th Edition
ISBN: 9781285165738
Author: Alan Jefferis, David A. Madsen, David P. Madsen
Publisher: Cengage Learning
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Chapter 7, Problem 7.9Q
To determine
The description of a cost-plus contract and its advantage and disadvantage.
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Chapter 7 Solutions
Architectural Drafting and Design (MindTap Course List)
Ch. 7 - Prob. 7.1QCh. 7 - Prob. 7.2QCh. 7 - Prob. 7.3QCh. 7 - Prob. 7.4QCh. 7 - Prob. 7.5QCh. 7 - Prob. 7.6QCh. 7 - Prob. 7.7QCh. 7 - Prob. 7.8QCh. 7 - Prob. 7.9QCh. 7 - Prob. 7.10Q
Ch. 7 - Prob. 7.11QCh. 7 - Prob. 7.12QCh. 7 - Prob. 7.13QCh. 7 - Prob. 7.14QCh. 7 - Prob. 7.15QCh. 7 - Prob. 7.16QCh. 7 - Prob. 7.17QCh. 7 - Prob. 7.18QCh. 7 - Prob. 7.19QCh. 7 - Prob. 7.20QCh. 7 - Prob. 7.5PCh. 7 - Prob. 7.6PCh. 7 - Prob. 7.7PCh. 7 - Prob. 7.8PCh. 7 - Prob. 7.9PCh. 7 - Prob. 7.10PCh. 7 - Prob. 7.11PCh. 7 - Prob. 7.12PCh. 7 - Prob. 7.13PCh. 7 - Prob. 7.14PCh. 7 - Prob. 7.15P
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- Name and explain; in which construction contract is given an accurate price for a project and protect the project parties’ rights more?arrow_forwardMany 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?arrow_forwardDescribe the professional construction management contracts?arrow_forward
- 1. True or False? A payment bond provides the construction contractor a guarantee that they will receive timely payment for properly completed work 2. True or False? The terms price and cost are the same thing as it applies to a construction estimate. 3. From the following list, which item is least governing when interpreting a contract requirement?a. The Contract Agreementb. Amendments to the Contract Agreementc. Section view drawingsd. Specificationsarrow_forwardAs a contract manager or administrator is responsible for negotiating, administering, monitoring and enforcing the terms and conditions of a contract. Discussarrow_forwardWhat is the effect of including the contractor's safety obligations in the specifications?arrow_forward
- Describe what is Professional construction management contract?arrow_forwardDescribe the management and Turnkey Contracts?arrow_forwardIn building contract documents, what are main differences between General Conditions and SupplymentaryConditions? What is the other name of Supplymentary Conditions?arrow_forward
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