Cmgt 462 - Study guides, Class notes & Summaries

CMGT 462, Top Exam Questions and answers, 100% Accurate. A single-purpose entity provides complete protection from the lender recovering the borrower's personal assets. T/F? - -False As a contractor, you should not know the default terms within the owners loan documents. T/F? - - False Per the AGC financing handout, if an owner defaults on a construction loan, the lender may step into the owners shoes by way of a/an _____________ clause - -Assignment A lender may sue all borrowers un...

CMGT-462 Midterm Exam Questions and answers, 100% Accurate. What is an I3PB? - --An Intended 3rd Party Beneficiary What does an I3PB have? - -You have rights, but you do not have obligations. What is a feasibility phase? - --The feasibility phase is the exploration phase. What are the monetary, cultural, What is the development phase? - -The development phase is how is the contractor going to go about determining who is going to be on the project management team, and how the contra...