Contract define Study guides, Class notes & Summaries
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Contracting Officer Unlimited Warrant Board verified answers and questions 2023.
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Contracting Officer Unlimited Warrant Board verified answers and questions 2023. 
 
 
 
 
 
 
 
 
 
What is an option? - correct answers.An option is a unilateral right in a contract, for a specific period of time, where the Government may elect to purchase additional supplies or services called for by the contract, or extend the period of performance. 
The PCO should use options when (1) in the Governments best interest, (2) there is a need for service beyond the initial period, and (3) to ensu...
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COSC 275 Exam 1 Palmer Questions and Answers fully solved 2023
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COSC 275 Exam 1 Palmer Questions and Answers fully solved 2023 
Estimating: 
The process of determining the anticipated cost of materials, labor, and equipment of a proposed project. 
 
 
 
Take-off: 
The process in which detailed lists are compiled, based on drawings and specifications, of all the material and equipment necessary to construct a project. The cost estimator uses this list to calculate how much it will cost to build the project. 
 
 
 
Quantities: 
Measured amounts of construction...
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Promulgated Contract Forms: Final Exam 2024 Questions and Answers 100% Verified
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Promulgated Contract Forms: Final Exam 2024 Questions and Answers 100% VerifiedPromulgated Contract Forms: Final Exam 2024 Questions and Answers 100% VerifiedPromulgated Contract Forms: Final Exam 2024 Questions and Answers 100% Verified 
 
When earnest money is deposited with an escrow agent, the escrow agent: - ANSWER-A) Is not responsible for the performance of any signatory B) Has the right to secure written release of all signatories C) Is not liable for interest on the money 
 
How does th...
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Maryland Home Improvement Test. 2023 updated to pass
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Maryland Home Improvement Test 
Define home improvement - correct answer The addition, alteration, conversion, improvement, modernization, remodeling, repair or replacement of a building or part of a building that is used or was designed to be used as a residence or dwelling place or structure adjacent to that building or an improvement to land adjacent to that building 
 
Is a building of a swimming pool, deck, pier or porch included in Home Improvement? - correct answer Yes 
 
Is work done on ...
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AUI3703 Assignment 2 (ANSWERS) Semester 1 2024 - DISTINCTION GUARANTEED
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Well-structured AUI3703 Assignment 2 (ANSWERS) Semester 1 2024 - DISTINCTION GUARANTEED. (DETAILED ANSWERS - DISTINCTION GUARANTEED!). .... .. QUESTION 1 15 marks 
Gas Ltd is a company that is responsible for refuelling empty gas bottles. Gas Ltd has operations in various parts of the country. The company conducts its business with a variety of customers from individual households and small retailers to big manufacturing companies. 
Gas Ltd recently established an internal audit activity. As th...
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CIC Commercial Multi-line Exam Prep (100% Correct Answers)
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CIC Commercial 
Multiline Exam 
Identify and describe the three primary purposes of excess liability/umbrella policies 
(LO1) - ANSWER 1. Provide additional limits that are excess over underlying limits of 
insurance 
2. Provide primary coverage when underlying poliy does not respond beacuse its 
aggregate limits of insruance are exhausted. 
3. Provide broader coverage than the exsiting underlying insurance 
excess liability coverage forms and commercial umbrella liability policy - ANSWER 1...
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CPCU 530 II Exam Questions with Correct Answers
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CPCU 530 II Exam Questions with Correct Answers 
What is an insurance contract? - Answer-A contract where the policyholder pays premiums and the insurer promises to cover losses. 
 
What are the five main parts of a common insurance contract? - Answer-Declarations page, definitions section, insuring agreement, exclusions, and conditions. 
 
What information is included in the declarations page of an insurance contract? - Answer-Address of insured property, deductibles, description of insured pro...
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Life Insurance Exam-Illinois questions with 100% correct answers 2023 passed
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Life Insurance Exam-IllinoisPooling of Risks - correct answer A large group of people contribute money to a fund out of which their losses can be paid 
 
Policyowner - correct answer is the person or org that applies for the policy and pays the premium 
 
Actuarial Tables - correct answer Are statistical tables that are used when calculating premium rates and mortality loss reserves 
 
Life Insurance Policies transfer: - correct answer financial risks of premature death on a defined amount 
 
Lo...
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CMIT Exam (200 multiple choice) Questions with Verified Answers,100% CORRECT
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CMIT Exam (200 multiple choice) Questions with Verified Answers 
 
A CM's role and responsibilities are governed solely by the Owner/CM Agreement. 
True False - CORRECT ANSWER True 
 
There are two basic forms of CM, agency and at-risk. Each form provides for the basic services of construction management practice. However, there are some key differences. Which of the following do not apply to both CM forms? 
A) Both forms provide advice to the owner on constructibility, budget and the schedule....
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AFSB 152 - The Institutes Practice Exam Questions | 116 Questions with 100% Correct Answers | Verified | 45 Pages
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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 Municipal 
Property Company. The role of the project owner at the beginning of an...
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