This preview has intentionally blurred sections. Sign up to view the full version.View Full Document
Unformatted text preview: that the classrooms must be wired for the Internet after you’ve 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?...
View Full Document
- Fall '07
- Construction Engineering, Architect, B.Charles Ellet C.Baltimore, R.R. D.Washington Roebling, 1.Benjamin Latrobe 2.John