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What conditions must exist for separate contracts to be viable?

What conditions must exist for separate contracts to be viable? The owner must an in house CM or construction engineer to administer the contracts or else contract the CA out to a third party for oversight (not recommended).

What are separate contracts and what are the principal advantages and disadvantages for the owner?

A single contract comprises all work required for completion of the project. The advantage is that a general contractor assumes the cost and responsibility. The disadvantages are, less control of contracted work from the owner and higher cost of using a general contractor.

When the general contractor subcontracts all the work on a project this is called?

The general contract approach; occurs when the general contractor subcontracts all the work on the project. Disadvantage: often extends the project duration, in the GC approach the owner does not have an agent or “friendly” party involved. You just studied 14 terms!

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Which type of contract falls within the statute of frauds?

The statute of frauds is a common law concept that requires written contracts for certain agreements to be binding. The statute applies to land sales and most purchases of goods over $500. There are significant exceptions, such as oral contracts where work has already started.

Which of the following is not necessary for a contract?

The Questions and Answers of Which one of the following element is not necessary for a contract? a)Competent partiesb)Reasonable terms and conditions. c)Free consentd)Lawful concentration. Correct answer is option ‘B’.

What is separate contract?

This doctrine of separability means that an arbitration clause inserted in a contract is a separate agreement in the underlying contract. This principle or doctrine of separability means that even if an arbitration agreement is included in the underlying contract, it will be treated as an independent one.

What is the basic method of contract costing?

Contract costing is the method of costing applied in a business where separate contracts of a non-repetitive nature are undertaken. According to Sharie, “contract or terminal cost accounts are applicable to a concern which makes specific contracts and requires to know the cost of each.”

What should you not say to a contractor?

Seven Things to Never Say to a Contractor

  • Never Tell a Contractor They are the Only One Bidding on the Job.
  • Don’t Tell a Contractor Your Budget.
  • Never Ask a Contractor for a Discount if You Pay Upfront.
  • Don’t Tell a Contractor That You Aren’t in A Hurry.
  • Do Not Let a Contractor Choose the Materials.

Is subcontracting allowed in government projects?

Is subcontracting allowed for the procurement of infrastructure projects? Generally, a contractor may be allowed to subcontract a portion of the contract or project. All subcontracting arrangements must be disclosed at the time of bidding, and subcontractors must be identified in the bid submitted by the bidder.

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How do you tell a contractor they are no longer needed?

As far as how to notify a contractor that he or she didn’t get the job, a short handwritten letter, brief email or a quick phone call should suffice. Most contractors appreciate hearing why you didn’t choose them, if you’re comfortable providing that type of feedback.

When a contract falls within the statute of frauds but is not in writing the contract is group of answer choices?

Usually, an enforceable contract can be oral or written, but statutes of frauds set two main requirements for certain oral contracts before those contracts can be enforceable. First, a contract that falls within a statute of frauds will be unenforceable unless there’s a writing that proves the agreement.

Why is it called statute of frauds?

The term “statute of frauds” comes, as so many American laws do, from England. An Act of the Parliament of England called An Act for Prevention of Frauds and Perjuries required certain agreements to be in writing in order to avoid the possibility of fraud and perjured testimony at trials regarding these transactions.

What are the different contracts that should comply with the requirements of the statute of frauds?

The six categories of contracts that must be written down in order to satisfy the Statute of Frauds are:

  • contracts for the sale of an interest in land,
  • contracts for the sale of goods for $500 or more (under the U.C.C.),
  • contracts in consideration of marriage,

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