Pre bid qualification - Study guides, Class notes & Summaries

CAIB 3 Chapter 5 Exam Questions and Answers 100% Pass Identify the two main classes of bonds issued by surety companies - Answer- 1. Fidelity Bonds 2. Surety Bonds Briefly explain the purpose of a Fidelity Bond - Answer- To protect the employer from the dishonest acts of their employees. Today employees do not purchase their own Fidelity Bonds. Instead employers purchase employee dishonesty insurance Identify and explain the three C's that all underwriters take very seriously, and that ...

1 AIC PREP UH EXAM | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+ A 'place concrete' activity requires the placement of 2080 cubic yards. If the individual production rate is 2 cubic yards per work hour per person, with a 10-person crew and 8 hour workday, how many days are needed to complete this activity? a. 13 b. 26 c. 104 d. 130 Correct Answer: a. 13 A topographical map is a drawing showing? a. Subsurface soil conditions b. A general profile view of th...

CFCM Prep Questions 2024/2025 Questions with Answers 100% CORRECT DOWNLOAD TO PASS PATHWAY TO EXCELLENCE DOWNLOAD TO PASS CFCM Prep Questions 2024/2025 Questions with Answers 100% CORRECT Exchanges of information among all interested parties are encouraged - Answer from the earliest identification of a requirement through receipt of proposals FAR Part 24. Protection of Privacy and Freedom of Information. The Freedom of Info Act provides that info is to be made availab...

Construction contracts 2024 Exam Questions and Answers All Correct What is a contract? - Answer-An agreement between two or more parties/persons to perform or not to perform some acts and it must be enforceable by law What is retention money? - Answer-Payment for a service or product that is withheld pending the completion of some specified condition What is included in the contract documents in Hong Kong? - Answer-1. Articles of agreement 2. Tender 3. Acceptance of tender 4. Drawings...

CPPO Prep Rated A+ Sole source, single source and emergency procurements are examples of: A. The best ways of procuring goods and services. B. Non-competitive methods of procuring goods and services. C. Unauthorized procurement methods. D. Procurement methods of questionable value. and services. B. Non-competitive methods of procuring goods In preparing to write a specification or scope of work, we may want to consider one of two methods of gathering facts or details from pote...

1 AIC EXAM PRACTICE EXAM | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+ Formal Business Letter Correct Answer: Document for correspondence between A/E or Owner and Contractor Memorandum Correct Answer: Document for correspondence between home office and job site Working Agenda Correct Answer: Document distributed to participants one day prior to the meeting General Requirements Correct Answer: Document describing the Suggested Agenda for Preconstruction Meeting Mee...

COSC 353 Test 2 With Complete Solution...

1 AIC EXAM #2 | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+ What is the name of the law principle for referring the Contractor to other documents that are not contained in the package provided? Correct Answer: Incorporated by Reference. Which document issued by the Architect illustrates what is to be built? Correct Answer: Plans Which document describes quality of work and the quality of the materials and the construction execution procedures? Correct Answer: Techn...

Stage 13: Assest management/end of life The procurement professional should evaluate whether the need is still current. If it is and unchanged, the procurement cycle process commences again but from a different stage as the need is already known and understood. If the need is not required the buyer should manage the end of life by reducing stock levels and informing the supplier Anti-bribery procedures -Proportionate procedures: should be in line with the ype of bribery risk and scale tha...

Construction Management 3014 Virginia Tech Exam 1 with Solutions construction industry vs. manufacturing - Answer -manufacturing produces products and then sells. construction starts with a customer need and the product is built to fill the need. sectors of construction industry (4) - Answer -infrastructure, commercial, residential, industrial main players in construction project (3) - Answer -owner, designer, constructor stages of construction lifecycle - Answer -1)need 2)programming 3)...