Afsb 152 Study guides, Class notes & Summaries

AFSB 152 - The Institutes Practice Exam Questions With Complete Solutions.

AFSB 152- Study Guide Questions and Answers 100% Solved Chapter 1 starts here! Chapter 1 starts here! Surety bond ️️A written contract that expresses one party's promise to answer for another party's failure to do something as promised. Surety ️️The party (usually an insurer) to a surety bond that guarantees to the obligee that the principal will fulfill an obligation or perform as required by the underlying contract, permit, or law. Obligee ️️The party to a surety bond...

AFSB 152 Latest Update 730 Questions and 100% Verified Correct Answers Guaranteed A+ At First Attempt

AFSB 152 EXAM (Chapters 1 - 10) Questions and Answers 100% Solved How a typical design process works: ️️1. The design professional interviews the client and measures current and future needs 2. The design professional reviews existing facilities for potential renovation and for their ability to handle future growth needs 3. Professionals obtain required zoning approvals and ensures plans comply with government regulations 4. For new construction, the future owner either acquires ...

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AFSB 152 Latest Update Graded A+ Surety bond A written contract that expresses one party's promise to answer for another party's failure to do something as promised. Surety The party(usually an insurer) to a surety bond that guarantees to the obligee that the principal will fulfill an obligation or perform as required by the underlying contract, permit, or law. Obligee The party to a surety that receives the surety's guarantee that the principal will fulfill an obligation or perform as prom...

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AFSB 152 Practice Exam with Complete Solutions 100% Verified A. Because the next highest bid ($1 million) is 25 percent more than the low bid ($800,000), which is greater than a 10 percent difference, the bond underwriter would carefully investigate the differences and may not issue the performance and payment bonds. ️️Contractor A submits a bid of $800,000, Contractor B submits $1 million, Contractor C submits $1.2 million, and Contractor D submits $1.1 million. Which one of the ...

AFSB 152 - The Institutes Practice Exam Questions and Answers 100% Solved Lansing Construction Company completed major jobs including road grading, bridges, and base and paving work. Which one of the following types of contractors is Lansing? · Heavy and highway construction · General Engineering contractor · General Building contractor · Design/build contractor ️️Heavy and highway construction The project owner for a new shopping plaza being built in Highville is the Highville...