AFSB 152: Analyzing Contract Surety Bonding Exam with all
Correct & 100% Verified Answers |Latest Version |Already Graded
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1. a surety bond guaranteeing the fulfillment of 8. An
obliga-tions under construction contracts or independe
other types of contracts nt
contractor
2. A contract bond guaranteeing that a who
contractor bid-ding on a construction or obtains the
supply contract will enter into the contract primary
and will provide a performance bond if the bid contract
is accepted for a
project
3. A construction method that offers "one-stop and either
shop-ping" to property owners for design and completes
construction services all the
4. An independent contractor who specializes
in a par-ticular kind of work and who is
engaged by a general contractor to perform
a particular portion of the gen-eral
contractor's contract
5. The process before construction begins that
involves initial activities to facilitate a
construction process, such as moving
equipment and a field office onto the job site
and installing temporary utilities
6. A process that identifies every major
element of the construction project, as well
as a time estimate for each element, and
assembles these elements into one master
schedule
7. A list of small finishing tasks that must be
accom-plished for completion
, AFSB 152: Analyzing Contract Surety Bonding Exam with all
Correct & 100% Verified Answers |Latest Version |Already Graded
A+
Contract Bond
Bid Bond
Design/Build
Subcontractor (Specialty Contractor)
Mobilization
Critical Path Method (CPM)
Punch List
General Building Contrac-tor
, AFSB 152: Analyzing Contract Surety Bonding Exam with all
Correct & 100% Verified Answers |Latest Version |Already Graded
A+
work or subcontracts portions (or all) of the
work to other independent contractors who
specialize in such work
9. A contractor that constructs lock and dams, General Engineering
power plants, large bridges, sewage and Con-tractor
water treatment plants, or similar projects for
public and private own-ers
10. A type of construction used for highways, Heavy and Highway
bridges, dams, roads, railroad beds, and Con-struction
similar projects
11. Material Supplier
Manufacturer or distributor that sells
materials and equipment
12. Change Order
The written consent from the architect and
owner that modifies the construction contract
in price and substance
13. A form of business in which one person owns the busi- Sole
Proprietorship
ness assets and is personally liable for the
business's debts
14. A for-profit business entity jointly owned by Partnership
two or more persons who share ownership and
profits (or losses), although not necessarily on
an equal basis
15. A partnership in which each partner assumes unlimit- General
Partnership
ed joint liability for all the partnership debts
16. A form of partnership made up of one or more gen-eral
Correct & 100% Verified Answers |Latest Version |Already Graded
A+
1. a surety bond guaranteeing the fulfillment of 8. An
obliga-tions under construction contracts or independe
other types of contracts nt
contractor
2. A contract bond guaranteeing that a who
contractor bid-ding on a construction or obtains the
supply contract will enter into the contract primary
and will provide a performance bond if the bid contract
is accepted for a
project
3. A construction method that offers "one-stop and either
shop-ping" to property owners for design and completes
construction services all the
4. An independent contractor who specializes
in a par-ticular kind of work and who is
engaged by a general contractor to perform
a particular portion of the gen-eral
contractor's contract
5. The process before construction begins that
involves initial activities to facilitate a
construction process, such as moving
equipment and a field office onto the job site
and installing temporary utilities
6. A process that identifies every major
element of the construction project, as well
as a time estimate for each element, and
assembles these elements into one master
schedule
7. A list of small finishing tasks that must be
accom-plished for completion
, AFSB 152: Analyzing Contract Surety Bonding Exam with all
Correct & 100% Verified Answers |Latest Version |Already Graded
A+
Contract Bond
Bid Bond
Design/Build
Subcontractor (Specialty Contractor)
Mobilization
Critical Path Method (CPM)
Punch List
General Building Contrac-tor
, AFSB 152: Analyzing Contract Surety Bonding Exam with all
Correct & 100% Verified Answers |Latest Version |Already Graded
A+
work or subcontracts portions (or all) of the
work to other independent contractors who
specialize in such work
9. A contractor that constructs lock and dams, General Engineering
power plants, large bridges, sewage and Con-tractor
water treatment plants, or similar projects for
public and private own-ers
10. A type of construction used for highways, Heavy and Highway
bridges, dams, roads, railroad beds, and Con-struction
similar projects
11. Material Supplier
Manufacturer or distributor that sells
materials and equipment
12. Change Order
The written consent from the architect and
owner that modifies the construction contract
in price and substance
13. A form of business in which one person owns the busi- Sole
Proprietorship
ness assets and is personally liable for the
business's debts
14. A for-profit business entity jointly owned by Partnership
two or more persons who share ownership and
profits (or losses), although not necessarily on
an equal basis
15. A partnership in which each partner assumes unlimit- General
Partnership
ed joint liability for all the partnership debts
16. A form of partnership made up of one or more gen-eral
