Question: Question 4 (1 point) A Differing Site Condition/Unforeseeable Physical Condition clause: Assigns all risk of latent site conditions to the contractor Is intended to alert

Question 4 (1 point) A Differing Site
Question 4 (1 point) A Differing Site Condition/Unforeseeable Physical Condition clause: Assigns all risk of latent site conditions to the contractor Is intended to alert the contractor to the risk of unanticipated site conditions so they can include an appropriate contingency cost in their bid Generally provides for direct cost damages but no delay or impact costs Assigns the risk of latent physical conditions at the site to the owner Question 5 (1 point) A Force Majeure is: An unforeseeable event caused by either the owner or an independent prime contractor working on the project A foreseeable event for which the contractor did not include a contingency in their bid An unforeseeable event caused by a third party or act of God over which neither the owner/employer or the contractor had any control Is a risk assigned to the contractor under the terms of the contract

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!