Question: Question 54 2 pts In the case a contractor defaults on a project, the surety will intervene to have the contract completed at the least
Question 54 2 pts In the case a contractor defaults on a project, the surety will intervene to have the contract completed at the least costly and damaging result. Historically that means doing what? Relet the project and pay the difference between the new contract price and the funds remaining left to complete the work Take the project over with the surety's own contractor and assume total responsibility for completion and costs let the owner complete and negotiate or litigate surety's final liability Finance the original contractor through project completion Question 55 2 pts Since land is not depreciable, we include it as a fixed asset, but not part of PPE on the balance sheet True False
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