True
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A contractor may typically terminate a construction contract for convenience.
An owner may typically terminate a construction contract for convenience.
YESS BOTH THE PARTIES CONTRACTOR AS WELL AS OWNER CAN TERMINATE THE CONSTRUCTION CONTRACT FOR CONVIENCE .
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- The issuance of a W-9 will determine if a person is an independent contractor. True False6. From taking care of risk perspective what should be done if the Impact of risk is high and likelihood of risk is low? A. Terminate B. Transfer C. Take more D. Communi cate 7. From taking care of risk perspective what should be done if the Impact of risk is low and likelihood of risk is low? A. Terminate B. Transfer С. Тake more D. Communi cate 8. The National Audit Office's report, Supporting Innovation: Managing Risk in Government Departments, mentions the risks that are most commonly identified by dep choice possible) A. Operational risk nt: financial risk, project risk, reputation-risks to and . (multiple ....... В. Market risk C. Missing an D. Complianc e risk opportunity riskWhich of the following shall be excluded in the contract costs of a construction contract? A. Costs that are directly attributable to contract activity in general and can be allocated to the contract B. Selling costs such as advertisement expense or commissions of real estate agents or brokers C.Such other costs as are specifically chargeable to the customer under the terms of the contract D. Costs that directly relate to the specific contract
- A contract is a modification to the construction document before the contract is issued, and a is a modification after the contract is issued.A cattle producer purchased an insurance contract form the USDA Risk Management Agency. The contract pays a fixed dollar amount if and only if the rainfall in the 10 by 10 miles grid surrounding the producer’s land falls below 90 percent of the historical average rainfall. According to the lecture, this is a type of _____ insurance A cattle producer purchased an insurance contract form the USDA Risk Management Agency. The contract pays a fixed dollar amount if and only if the rainfall in the 10 by 10 miles grid surrounding the producer’s land falls below 90 percent of the historical average rainfall. According to the lecture, this is a type of _____ insurance weather pure parametric aggregate loss index parametric indexWhich of the following scenarios is a permissible fee splitting for settlement sarvicen? A) Two or more persons split a fee for settlement services, any portion of which is unearned B) A payment pursuant to cooperative brokerage and referral arrangements or agreements between real estate agents and real estate brokers C) One service provider charges the consumer a fee where no, nominal or duplicative work is done, or the fee is in excess of the reasonable value of goods or facilities provided or the services actually performed
- Read the scenario and determine what needs to take place based on the resolutions described in the text. Kyle has already contracted with Vick on a construction project. After some disagreement on materials, location, and deadlines, they decide that the original contract is no longer valid. Kyle and Vick now need a(n) __________. Force majeure renovation Novation Substitution Accord and satisfactionAn executed contract is a contract that has been written by an executive. Group of answer choices True FalseMarty is buying a lot in another state which will be part of a retirement community. There will be at least 75 lots as part of the community. What does the developer need to give Marty before Marty signs the contract? a property report a CMA an EDO an appraisal
- Discuss the most critical requirement in BCM with proper justification.B. Explain to your colleagues the factors that lead to discharging a contract. The group of friends believe only Performance is the only factor to lead to discharging a contract. Discuss the other factors that lead to the discharge of construction Contract.H4. In a construction contract, there is a $1000 per day estimate of damages for each day that the contract runs over the completion date. The contractor is 30 days late when the job is completed, resulting in a prospective damage award of $30,000. What is this type of clause, and when will it be enforced? Please show all calculation