Author Question: Who benefits from an indemnity clause in a construction contract and how do they benefit? What ... (Read 63 times)

serike · **on:** Jul 26, 2018

Who benefits from an indemnity clause in a construction contract and how do they benefit?

What will be an ideal response?

Question 2

A manager who is bidding out a contract receives a total price for all the work that is to be done. To assure that the price is accurate and represent the best dollar amount the manager may ask for a ___________________ ___ of the individual items that make up the contract.

A. cost breakdown
B. list of approved equals
C. list of bid specifications
D. Both A and B

angrybirds13579 · **Reply #1 on:** Jul 26, 2018

Answer to Question 1

The one who benefits from indemnity clauses in a construction contract are owners because it is an attempt to protect owners from open-ended liability by indemnifying and holding harmless the owner against any acts or actions of the contractor that result in losses, injuries, or deaths.

Answer to Question 2

A