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Author Question: The types of bonds traditionally required on public works contracts are which of the following: ... (Read 38 times)

beccaep

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on: Jul 26, 2018
The types of bonds traditionally required on public works contracts are which of the following:
 
  A. Performance Bond & Payment Bond
   B. Stop Notice Release Bond and Performance Bond
  C. Bid Bond, Payment Bond, Guarantee Bond
   D. Payment Bond, Bid Bond, & Performance Bond
   E. Payment Bond, Performance Bond, and Guarantee Bond

Question 2

Why should contractors rather than owners provide project schedules?
 
  What will be an ideal response?


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juiceman1987

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

D

Answer to Question 2

Engineers normally prepare an outline that shows the expected sequence of work but contractors are responsible for developing project schedules because owners do not want the liability of providing the schedule since it would allow subcontractors to sue the owner whenever there is a delay on projects.


beccaep

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Reply 2 on: Jul 26, 2018
:D TYSM

tranoy

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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