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In Which of the Three Documents (Construction Documents, Bidding Documents

question 23

Essay

In which of the three documents (construction documents, bidding documents, and contract documents)are contract modifications included?


Definitions:

Face Value

The nominal or dollar value printed on a bond or other financial instrument, representing the amount to be repaid at maturity.

Municipal Bond

A debt security issued by a state, municipality, or county to finance its capital expenditures.

Corporate Bond

A debt security issued by a corporation to raise capital, whereby the issuer promises to repay the principal along with interest at specified dates.

Tax Bracket

A range of incomes taxed at a specific rate, with different portions of income being taxed at progressively higher rates as income increases.

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