If a Supplier Might Go Bankrupt, the Contract Administrator Should

question 22

Multiple Choice

If a Supplier might go bankrupt, the Contract Administrator should

• A) get a copy of keys to any storage of materials the Contractor might need
• B) have material delivered to the project site or other facility
• C) wait for notification of the bankruptcy so no one is pushed into the situation
• D) cancel the order and get a new supplier

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Definitions:

Involuntary Turnover

Is terminating employees whose services are no longer desired.

Poor Performance

A situation where an employee's work falls below the required standard or expectation.

Leased Employees

Refers to workers who are officially employed by a professional employment organization but work on a temporary basis for another company.

Part-Time Employees

Workers who are employed for fewer hours than the standard full-time schedule.