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Author Question: What are the disadvantages of requiring bonds on construction projects? What will be an ideal ... (Read 33 times)

wenmo

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on: Jul 26, 2018
What are the disadvantages of requiring bonds on construction projects?
 
  What will be an ideal response?

Question 2

The provisions of ASTM refer primarily to:
 
  A. architecture.
   B. construction methods.
   C. materials and testing.
   D. Unfired Pressure Vessel Standards.
   E. road building materials,


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jaygar71

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Reply #1 on: Jul 26, 2018
Answer to Question 1

The disadvantages of requiring bonds on construction projects are that it could limit the number of bidders and it could raise the bid prices submitted by contractors because they will include the cost of the bonds in their bids.

Answer to Question 2

C


wenmo

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Reply 2 on: Jul 26, 2018
YES! Correct, THANKS for helping me on my review

shewald78

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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