All of the Following Are True About the Post Construction

question 81

Multiple Choice

All of the following are true about the post construction phase EXCEPT:

• A) The owner is responsible to update the record copy drawings to reflect "as-built" documents.
• B) The contractors are resolving issues identified on the punch lists.
• C) The architect is involved in final acceptance and contract closeout activities.
• D) The construction manager is coordinating removal of construction equipment and job trailers.

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Definitions:

Treasury Bonds

Long-term government debt securities with a fixed interest rate, considered low-risk investments.

Interest Rate Futures

Financial derivatives contracts that lock in the future delivery of an asset based on interest rates, commonly used for hedging and speculating on future interest rate movements.

Hedge

An investment made to reduce the risk of adverse price movements in an asset, often involving derivatives like options and futures.

Basis Risk

Risk attributable to uncertain movements in the spread between a futures price and a spot price.