Question: The prime contract we studied in class contained a clause that required a retainage fee of 15%. True O False Question 20 2 pts

The prime contract we studied in class contained a clause that required a retainage fee of 15%. True O False Question 20 2 pts A penal sum is the amount a bond will pay if the principal defaults. True False Question 21 2 pts Per a contract clause, owners are always required to have a justifiable reason to terminate a contract (Termination for Cause). True O False

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ANSWER 1 TRUE The term prime contract means a contract or contractual action entered into by the Federal Government to obtain supplies materials equip... View full answer

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