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Author Question: When the owner and the construction contractor agree to a predetermined price that cannot be ... (Read 69 times)

savannahhooper

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on: Jul 26, 2018
When the owner and the construction contractor agree to a predetermined price that cannot be exceeded for the construction work, but will both share in any savings generated by the work being completed a price that is lower than the predetermined price; the contract format is known as ___________________ ______ contract.
 
  A. maximum guaranteed price
  B. incentive and penalty
  C. cost plus fixed fee
  D. unit price

Question 2

A set of construction documents that show how the construction was actually performed are known by the name ___________________ __.
 
  A. as-built drawings
  B. presentation drawings
  C. commissioning drawings
  D. none of the above


ASDFGJLO

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

A

Answer to Question 2

A


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savannahhooper

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Reply #2 on: Jul 26, 2018
Thanks


ASDFGJLO

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Reply #3 on: Jul 26, 2018
Welcome :)


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