NASCLA Business Law and Managment EXAM SC Exam
NEWEST VERSION REAL EXAM QUESTIONS AND CORRECT
ANSWERS (VERIFIED ANSWERS)|AGRADE||BRAND NEW
VERSION!!
Burglary and Theft Insurance
Loss or damage by burglary, theft, Larceny, Robbery, Forgery, Fraud, and
vandalism.
Key Man Life Insurance
This type of insurance is available as life insurance or disability
insurance to protect continuing sucess of your business.
Coverage Gaps and Overlaps
It is important to evaluate all your insurance coverage. Using one insurer
may minimize gaps and overlaps in coverage.
Bid Documents include
An invitation to Bid
Bid instructions
Bid forms
Supplements
,Ethics in bidding
Bid
Shopping
Bid
Peddling
Bid
Rigging
Bid Shopping
The practice of revealing the sub-bid of one subcontractor to obtain a
lower price from another subcontractor.
Bid Peddling
approaching the general contractor once you won the job and try to get
the price lower
bid rigging
Contractors Coordinate their bids to fix the award outcome of a project
Total Material Unit Cost
Price Per unit x Number of units Needed
, Required Contract Elements
Acceptance, Consideration, competent parties, and legal purpose
Contract Provisions
Contract price and payment terms
obligation of the parties
breach of contract
breach of contract
one party fails to fulfill contract
boiler plate provisions
Contain standard Language designed to protect you in the event of a
lawsuit
Provisions to limit Risk
Limit the liability of the contracting parties by addressing allocation of risk
recitals
Appears at the beginning of the contract and is intended to give
background information
NEWEST VERSION REAL EXAM QUESTIONS AND CORRECT
ANSWERS (VERIFIED ANSWERS)|AGRADE||BRAND NEW
VERSION!!
Burglary and Theft Insurance
Loss or damage by burglary, theft, Larceny, Robbery, Forgery, Fraud, and
vandalism.
Key Man Life Insurance
This type of insurance is available as life insurance or disability
insurance to protect continuing sucess of your business.
Coverage Gaps and Overlaps
It is important to evaluate all your insurance coverage. Using one insurer
may minimize gaps and overlaps in coverage.
Bid Documents include
An invitation to Bid
Bid instructions
Bid forms
Supplements
,Ethics in bidding
Bid
Shopping
Bid
Peddling
Bid
Rigging
Bid Shopping
The practice of revealing the sub-bid of one subcontractor to obtain a
lower price from another subcontractor.
Bid Peddling
approaching the general contractor once you won the job and try to get
the price lower
bid rigging
Contractors Coordinate their bids to fix the award outcome of a project
Total Material Unit Cost
Price Per unit x Number of units Needed
, Required Contract Elements
Acceptance, Consideration, competent parties, and legal purpose
Contract Provisions
Contract price and payment terms
obligation of the parties
breach of contract
breach of contract
one party fails to fulfill contract
boiler plate provisions
Contain standard Language designed to protect you in the event of a
lawsuit
Provisions to limit Risk
Limit the liability of the contracting parties by addressing allocation of risk
recitals
Appears at the beginning of the contract and is intended to give
background information
