When an owner pays for a contractor's labor time and the supplies ...

[Lobcity]

When an owner pays for a contractor's labor time and the supplies that were used for construction with a factor built into the labor rate for profit; the work is said to have been performed ________________.
 
  A. on a unit price basis
  B. on a time and materials basis
  C. on a cost plus fixed fee basis
  D. on a project cost basis

Question 2

Discuss which currency should be used to pay a foreign contractor if they are performing work in a host country using subcontractors that are from a country that is not the host nation and why.
 
  What will be an ideal response?

[SeanoH09]

Answer to Question 1

B

Answer to Question 2

Contractors should pay subcontractors and suppliers in the same currency as the one in which they are being paid for their work by the owner.

[Lobcity]

Thanks for the timely response, appreciate it

[deja]

Great answer, keep it coming