Obras PúblicasPregunta 1599 de 1605
The performance bond on a public works project protects the:
a.Subcontractors' wages only
b.Contractor against its own defective work
c.Contractor's profit
d.Public agency (obligee) by guaranteeing the contractor completes the project per the contract
Explicación
The performance bond on a public works project protects the public agency (the obligee) by guaranteeing completion of the work per the contract. If the contractor defaults, the surety arranges completion or pays damages up to the bond amount.
Practica las 1605 preguntas gratis — sin registro.
Preguntas relacionadas de este tema
- A city hires a contractor for a $50,000 public sidewalk repair. Regarding prevailing wages, the contractor must:
- A contractor on a public works project willfully fails to produce certified payroll records after proper written request. The contractor may face:
- On a federal public works project, the prevailing wage requirement comes primarily from the:
- DIR public works contractor registration generally must be:
- A subcontractor on a public works project is not paid. To make a claim on the prime contractor's payment bond, the subcontractor generally must:
- When calculating whether it has met the prevailing wage obligation, a contractor may generally credit:
Última revisión: · proceso editorial
Sen Lin, Fundador de PrepPass · Verificado con California CSLB Contractor License Law & Business Exam · Cómo revisamos
Revisado por Abraham Chen — Licensed California General Contractor (CSLB License #1101856 — verificar)