Cnst 2341 Study guides, Class notes & Summaries

CNST 2341 FInal Questions And Answers Graded A+ | Complete Solutions

`serve as one point of responsibility to who? - the owner `The 3 method of payment are ? - 1. Lump Sum 2. Unit price 3. Cost Plus `total float or simply "float" is also referred to as a what - "slack" `With OCIPs and CCIPs the disadvantages of the programs includes what? - increased administration burden by the owner or contractor `With Sole Proprietorship type of business entity, any debt that exceeds the company's assets must what? - Be paid for with private the owner. A certifi...

CNST 2341 Final Exam

CNST 2341 - Final Exam Concepts Questions And Answers Graded A+ | Complete Solutions

CNST 2341 Final Exam Solved 100%

3 payment methods common in construction industry - Lump sum, Unit Price, Cost Plus 4 Corners - is a contract law doctrine that "the meaning of a document is to be gathered from the entire (all four corners) document." 4 elements of a contract - 1. Agreement (mutual consent) 2. Consideration 3. Capacity to contract 4. Legal subject matter Bid Bond - used to ensure that the principal will honor their bid and enter into a contract with the obligee (owner) for the bid amount after the bi...