1. The document requested by the owner as a protection against the risk of the contractor not accepting the job once awarded the project is (a). Insurance (b). Performance Bond (c). Bid Bond 2. Based...


1. The document requested by the owner as a protection against the risk of the<br>contractor not accepting the job once awarded the project is<br>(a). Insurance<br>(b). Performance Bond<br>(c). Bid Bond<br>2. Based on the guide quantity of 100 CY on a bid document for rock excavation, a<br>contractor bid a unit price of $20/CY. If the owner's representative determined<br>that the contractor excavated 85 CY of rock during construction, how much will<br>the contractor gets paid?<br>(a). $2000<br>(b). $1700<br>(c). $300<br>(d). $1800<br>3. Which of the following would not be considered an excusable delay?<br>(a). Labor Strikes<br>(b). Review process delays<br>(c). A hurricane closing a port delaying delivery of materials<br>(d). Death of a contractor<br>

Extracted text: 1. The document requested by the owner as a protection against the risk of the contractor not accepting the job once awarded the project is (a). Insurance (b). Performance Bond (c). Bid Bond 2. Based on the guide quantity of 100 CY on a bid document for rock excavation, a contractor bid a unit price of $20/CY. If the owner's representative determined that the contractor excavated 85 CY of rock during construction, how much will the contractor gets paid? (a). $2000 (b). $1700 (c). $300 (d). $1800 3. Which of the following would not be considered an excusable delay? (a). Labor Strikes (b). Review process delays (c). A hurricane closing a port delaying delivery of materials (d). Death of a contractor

Jun 11, 2022
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