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Construction Materials & Procedures Which is a factor used to...

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Accounting

Construction Materials & Procedures

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Which is a factor used to measure whether a selected contractor is "responsible": amount of hours a contractor works a week and bonding capacity the fact that the contractor is politically connected bonding capacity amount of hours a contractor works a week Which of the following is true regarding addenda: only one (1) addendum may be issued at any time an addendum may be issued after bid opening multiple addenda may be issued before bid opening O none of these choices Which of the following pertains to value engineering: it benefits the contractor financially if there is a clause in the contract that states it it benefits the owner none of these choices it benefits the owner and it benefits the contractor financially if there is a clause in the contract that states it All of the following are types of construction bonds, except: Bid Bond O Payment Bond Retainage Bond O Performance Bond

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