With a Differing Site Condition

question 10

Multiple Choice

With a Differing Site Condition

• A) the Contract Administrator needs to understand all the facts before alerting the Owner
• B) cost will probably be more an issue than the schedule
• C) timely notice by the Contractor to the Owner is important
• D) the Architect will be to blame so dealing directly with the Owner is essential

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Definitions:

Economic Reforms

Refers to changes implemented to improve an economy by modifying policies, regulations, and institutions.

Market Oriented Economy

An economic system where decisions on production and consumption of goods and services are based on voluntary exchange in markets, with minimal government intervention.

State Would Wither Away

A Marxist theory suggesting that after the establishment of a classless society, the need for a government or state will diminish and eventually disappear.

Capitalists

Individuals or entities that own capital goods or investments and use them to generate wealth through production, distribution, and the sale of goods and services.