A 201 General conditions contractor for construction contract
1what the cost to owner to determine a project for "convenience"?
The contractor on countered materially different site conditions during excavation. In order to make a claim for additional cost, when does he have to file the claim?
Does the owner have right to reject contractor's (GC'S) subcontractor who is reasonably capable of performing the work?
1.If the termination is being made in good faith, it is unlikely
you will have legal grounds to
fight it. However, you will need to ensure you are being paid in
accordance with the applicable
contract provisions dictating your payments in the event of a
termination for convenience. If the
termination appears to be in bad faith, you should advise the
general contractor or owner, in writing,
that the termination would constitute a breach of your
contract.
An offer by the general contractor or owner to pay for overhead and profit on the work not performed, in addition to payment for the work executed and reasonable costs incurred as a result of the termination, usually should be accepted because your damages recoverable under the law for a breach of contract are unlikely to exceed that sum, even before accounting for your court costs and attorney’s fees.
In order to make a claim for additional cost contractor has to make a report provided a good deal of information on claims value, length of time to resolve disputes and the most common causes of disputes. The methodology employed in this study limited the projects and disputes sampled to those the firm and this should be filed at the time of breach of project
Yes owner always have right to reject.
A 201 General conditions contractor for construction contract 1what the cost to owner to determine a project for "co...
Patricia is a general contractor performing construction work for ABC Corp. Patricia requested extra payment because abnormal subsurface rock formations made excavation on the construction site far more costly and time-consuming than could have been reasonably expected. The court will: A) consider the contract unenforceable. B) consider the contract voidable. C) allow the party to rescind such a contract. D) enforce such modifications in contract.
1. You are the general contractor on the construction of a small c project and you have a lump-sum contract with the owner The ayment clude the provision that you terms in your agreement with the owner in will be paid by the tenth of every month for work done during the previous month. This provision is also included in your agreements with subcon. tractors: you will pay them on the tenth. How, in general terms, will yo determine how...
Please check if my answers are correct or not for the multiple
choice ..
A. The owner to pay on a weekly basis ) The owner to pay on a monthly basis C. The owner D. The contracto 56. Arizona's Prompt Pay law requires: to pay at certain percentages of completion r to provide a guaranteed maximum price an 57. When a subcontractor submits a bid to the contractor, it constitutes Meeting of the Minds Consideration A. C Offer D....
Cinstruction Law and Ethics
the court the right to resolve the dispute? A. B. C. D. Venue Personal jurisdiction Federal question All of the above 49. Which is not a discovery device? A Request for admissions B. Motion for entry upon land C. Production of documents and things D. Live testimony in court 50. Who is usually the best individual with firsthand knowledge of the facts which gave rise to the claim on a job site? Upper management of the...
7 In the work breakdown structure for a construction project: A. The different levels of detail represents the logical hierarchical decomposition of the B. The smallest element in the WBS is the activity C. The project elements at various levels of the WBS relate to the contractor's project organizational structure, which defines the different responsibility levels D. All the above Negotiated cost-plus type of contracts is best used when: A. The risk is high B. No variations are expected C....
Gerrard Construction Co. is an excavation contractor. The following summarized data (in thousands) are taken from the December 31, 2019, financial statements: For the Year Ended December 31, 2019: Net revenues $ 96,600 Cost of services provided 34,200 Depreciation expense 19,500 Operating income $ 42,900 Interest expense 11,400 Income tax expense 9,600 Net income $ 21,900 At December 31, 2019: Assets Cash and short-term investments $ 8,400 Accounts receivable, net 29,400 Property, plant, and equipment, net 232,200 Total assets $...
Question 1: What is a joint venture and why might two construction firms choose to form one? (4 points) Case Study 1: Please answer the first 4 questions with the following case data for Project 101 and Project 102. A construction company began operations on January 2, 2010. During the year the company was awarded three construction contracts. The company incurred $300,000 operating expenses for the year for which $275,000 has been paid while the balance is owed as of...
Bright Future signed a $700,000 contract to an d the project required three years to complete. Bright Future estimated that total contract coswabe SGD 000 The financial information during 2031 203 related to the construction contracts as the following 2002 2003 Costs incurred to date $200.000 $370,000 $610,000 Estimated costs to complete 400 000 250.000 Progress bilings made during the year 210,000 315.000 175.000 Collections of billings during the year 200,000 320,000 180,000 Additional information: 1) The customer does not...
Match the type of schedule listed with the description following. Schedule types may be used more than once a. Activity on arrow (AOA) b. Activity on node (AON) C. Matrix d. Bar chart 40 Graphically the simplest Graphic style makes it adaptable to high-rise construction 42.Utilizes i-j notation 43 Could also be termed precedent notation Would be used for a summary report to the owner Questions 45-49 Match the terms listed with their description. Terms may be used only once...
Orleans Construction Company Case (adapted from Meredith and Mantel) The Orleans Construction Company, a small construction company in North Carolina, has been awarded a contract for the construction of a new 25,000 soccer stadium at Greensboro. The City is hoping to use this facility to attract a new soccer franchise. The construction cannot start earlier than March 2, 2020 (because of the availability of bond funds) and must be completed within 1 year (52 weeks). A penalty clause of $13,000...