EDITING Specific Conditions of Contract Flashcards
1
Q
What is a Contractor’s Performance Bond?
A
Answer
2
Q
What is a Contractor’s Performance Bond in lieu of retentions?
A
Answer
3
Q
What is a Principal’s Bond?
A
Answer
4
Q
What are Warranties?
A
Answer
5
Q
What is the Insurance of the Contract Works?
A
Answer
6
Q
What is the Contractor’s professional indemnity (design) insurance?
A
Answer
7
Q
What are Principal Supply Items?
A
Answer
8
Q
What are Separate Contractors?
A
Answer
9
Q
What are Monetary Allowances?
A
Answer
10
Q
What is a Contingency?
A
Answer
11
Q
What is Practical Completion?
A
Answer
12
Q
What are Separate Sections?
A
Answer
13
Q
What is the Defects Liability Period?
A
Answer
14
Q
What are Fluctuations?
A
Answer
15
Q
What are Off Site Payments?
A
Answer
16
Q
What are Retentions?
A
Answer
17
Q
What are Liquidated Damages?
A
Answer
18
Q
What is a Bonus for early completion?
A
Answer
19
Q
What is a Final Payment Claim?
A
Answer
