Even the Smallest Building Project Involves a Multitude of Separate

question 2

Multiple Choice

Even the smallest building project involves a multitude of separate contractors to complete construction. Therefore, it becomes difficult for the developer to monitor the construction process. Which of the following individuals serves as the developer's liaison and representative on the project site?

• A) General contractor
• B) Construction manager
• C) Land planner
• D) Subcontractor

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Definitions:

Trustee

With respect to bonds, an organization that ensures compliance with the conditions set forth in the indenture. With respect to bankruptcy, a person who administers the bankrupt organization to ensure funds are properly handled.

Restructures Capital

The process of altering the composition or structure of a company's debt and equity mix, often to enhance financial stability or efficiency.

Business Operations

The day-to-day activities involved in managing a business, ensuring it functions efficiently and profitably.

Management Reorganizes

Refers to the process of changing the structure or allocation of responsibilities within a company's management team, aiming at increasing efficiency or meeting new strategic goals.