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
A mound of buffalo skulls. In 1870 an estimated 30 million buffalo roamed the plains; by 1900 there
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The price of rice in a small country is currently $6 per pound. In order to help low-income ...
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Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price.
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