COSC 463 Exam 2 (A+ Graded Already)

Prime Contractor, Subcontractors, Suppliers correct answers Successful project performance depends on the legal and business relationship among the _________ and _______ and _____ as much as any other factor Prime Contractor correct answers Party responsible to the owner for the satisfactory and timely completion of the project Subcontractor correct answers Party responsible for performing much of the work Price correct answers Disputes at the Bidding Stage: Disputes dealing with pricing of jobs Reputation correct answers A firm can avoid numerous headaches and possible losses simply through the investigation of a company's ______ Financial resources correct answers A contractor that lacks adequate __________ brings problems to the project, such as suppliers holding deliveries until they are sure that they have received payment, making way for delays Experience and qualifications correct answers A prime contractor looking to subcontract work should investigate the sub's _______ on similar projects in order to ensure the job will be completed ideally its own union status correct answers A prime contractor's choice of a union or nonunion subcontractor generally depends on what? right to terminate contract if labor problems delay progress of work correct answers In the event that a nonunion prime contractor is contracting a union subcontractor, what provisions should be made to protect the prime contractor? Double Breasted correct answers A union contractor that forms a second separate company that operates "open shop" Gives the contractor the advantage of being able to operate without a union where it is feasible, while at the same time continuing operation of a union company No correct answers Do double breasted operations guarantee freedom from labor problems? When both parties have signed the subcontract agreement correct answers When is there an enforceable agreement between a prime contractor and subcontractor? UCC correct answers What code generally governs the creation of a binding contract involving primarily the sale of goods?