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Unformatted text preview: that the classrooms must be wired for the Internet after youve stated work. You are entitled to negotiate a _________________________. 7. What are liquidated damages? How do they differ from a penalty? 8. What is retainage? When is it typically paid to the contractor? 9. Why do owners make mobilization payments to contractors. When are mobilization payments made during a project? 10. What advantage does a Design Build contract have over traditional contractual arrangements? 11. What is the primary benefit of incorporation? 12. A drawback of incorporation is double taxation. Describe it. 13. Four inches of snow fall on a building construction site in January in Northern New Jersey. Can the contractor claim a time extension? Why? 14. What is the difference between an accelerated and straight-line method of depreciation? The MACRS table is which type of method? 15. What is amortization of equipment?...
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- Fall '07
- Construction Engineering