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Author Question: Why might a construction company purchase surety bonds? What will be an ideal ... (Read 28 times)

P68T

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on: Jul 26, 2018
Why might a construction company purchase surety bonds?
 
  What will be an ideal response?

Question 2

What are the major factors to be considered in designing an organizational structure for a construction company?
 
  What will be an ideal response?


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diesoon

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

Construction companies generally purchase surety bonds when project owners require them in their contract solicitation documents.

Answer to Question 2

The major factors to be considered in designing an organizational structure are: work flow, division of labor, task interdependence, hierarchy of authority, business procedures and processes, and interdepartmental relations.


P68T

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Reply 2 on: Jul 26, 2018
Thanks for the timely response, appreciate it

nathang24

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Reply 3 on: Yesterday
Wow, this really help

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