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Author Question: When an owner pays for a contractor's labor time and the supplies that were used for construction ... (Read 65 times)

Lobcity

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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?



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SeanoH09

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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

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Reply 2 on: Jul 26, 2018
YES! Correct, THANKS for helping me on my review


carlsona147

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Reply 3 on: Yesterday
Excellent

 

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