Afsb 152 exam Study guides, Class notes & Summaries

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AFSB 152 - The Institutes Practice Exam Questions and Answers 2023 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 - Correct Answer-Heavy and highway construction The project owner for a new shopping plaza being built in Highville is the Hig...

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AFSB 152 Exam Questions and Answers 100% Solved The tender preparation stage of estimating begins after... ️️the architect and owner solicit bids, when the contractors begin their estimating processes To find clarity on payment bond terms, you can... ️️consult the applicable and relatively stable case law that does define the terms A surety needs additional information, such as _____________, to adequately evaluate the workbacklog risk of granting this bond ️️the contractor...

AFSB 152 Exam Questions and Answers 100% Solved What does the premium to surplus ratio indicate? ️️o Can show how much the capacity has to withstand underwriting miscalculations o More premiums written, the higher the ratio, and more cause for concern o Underwriting/investment losses cause a decrease in policyholders' surplus, and causes increase in ratio Suretyship ️️An obligation to pay the debts of, or answer for the default or miscarriage of another Benefits to Project ...