Chapters: 11 – 14 in yates for undergrads; Chapters 13-14 in Batholomew for grad students.
Assignment – 4
Review the sample agreements in Appendix E of the text and make a list of the items in these agreements that represent risk accepted by the contractor and explain why you believe each item identified is a risk.
Review the following
Discussion Questions 4
1. What is the major risk in operating as a partnership?
2. What is the difference between a unit price contract and A lump sum contract and where are they typically used?
3. What delivery form of contract minimizes risk to owners?
4. What is bid shopping and is it good for the construction business?