When a Municipality Contracts with a Contractor to Pave a Street,homeowners

question 34

True/False

When a municipality contracts with a contractor to pave a street,homeowners on that block are third-party beneficiaries of the contract.

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Definitions:

Penalty Clause

A contractual provision that imposes a penalty on a party for not meeting certain conditions or deadlines.

Performed According

Actions or tasks executed in compliance with specified standards, requirements, or agreements.

Procurement Team

A group of individuals with the responsibility of acquiring goods and services needed for a project or organization.

Work Teams

Groups of individuals collaborating on tasks and projects with a common goal within an organization.