NASCLA Business Law and Management EXAM SC 2024 Questions with 100% Correct Answers
NASCLA Business Law and Management EXAM SC 2024 Questions with 100% Correct Answers addenda - Changes prior to the contract award Americans with Disabilities Act - This law prohibits discrimination against persons with disabilities. Applies to employers with 15 or more employees. Automobile Insurance - Provides payments for both liability and physical damage to vehicles Bid Documents include - An invitation to Bid Bid instructions Bid forms Supplements 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 Bid Shopping - The practice of revealing the sub-bid of one subcontractor to obtain a lower price from another subcontractor. boiler plate provisions - Contain standard Language designed to protect you in the event of a lawsuit Bond - Risk Transfer mechanism Between a surety, the contractor, and the project owner. Bond Language - Total Dollar amount required for the bond, Length of the bond, Requirments for notice of defect or lack of maintance, Bond enforcement Bookkeeping - Accurate Recording of all financial transactions that occur in the business breach of contract - one party fails to fulfill contract Budget Tracking - Use Cost Estimate and a job cost system to determine if you have and cost overruns. Burglary and Theft Insurance - Loss or damage by burglary, theft, Larceny, Robbery, Forgery, Fraud, and vandalism.
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- July 14, 2024
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- 2023/2024
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- Exam (elaborations)
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- Questions & answers
