Which of the following is correct about the term “third-party beneficiary”?
A. Liability insurance which covers third-party claims.
B. A person who may have the right to sue on a contract, despite not having originally been an active party to the contract.
C. An agreement pledging that one will become legally liable for financial loss caused to another by the act or default of a third person or by some contingency over which the third person may have no control
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Which one of the following items is NOT an official reason for denying differing site condition claims issued by a general contractor?
A lack of notice to the owner regarding the differing site condition.
B. A bad relationship with the government.
C. A difference between the site condition and the drawing is not material.
D. The GC fails to conduct an adequate pre-bid site inspection.
Referring to the previous lecture, please fill the blanks of the services provided by the architect-engineer: • Analyzing a ______ the needs of the owner. • ______ a design that will meet the owner's needs within the owner’s budget. • Preparing the contract and bid documents for the project. • ______ the owner in the selection of a contractor. • ______ the interests of the owner during the construction process.
According to our discussion, the approximate cost estimation coefficient and approach should be as follows. Light:______ (quantity unit); ______ estimate Drop ceiling: ______ (quantity unit); ______ estimate Tiles: ______ (quantity unit); ______ estimate Kitchen cabinet: ______ (quantity unit); ______ estimate
Notice Requirements (NR): Necessary? The contractor notify the government promptly when encountering DSC ______ the conditions are disturbed Lack of notice (LoN) can be fatal to a DSC because (LoN) can ______ the rights of the government by denying / precluding the opportunities to 1) verify a DSC; 2) direct course of action.