What are the four courses of action the performance bond surety has the option of using in fulfilling its bond obligations, according to the AIA A312- 2010?
What will be an ideal response?
The four courses of action are (1) arrange for the original contractor,
with the owner’s consent, to complete the contract, (2) complete the
project itself, including through use of independent contractors, (3)
obtain bids or negotiated proposals from qualified contractors
acceptable to the owner and arrange for the owner to continue work
with that new contractor, backed up by new performance and
payment bonds, and (4) waive its right to perform and complete, and
instead (i) after investigation, pay the owner its costs of completion or
(ii) deny liability in whole or in part.
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a. service b. reference c. shop d. tool
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Indicate whether the statement is true or false
What precautions need to be taken when using a propane torch?
What will be an ideal response?
____________________ numbers refer to complete units with no fractional parts.
Fill in the blank(s) with the appropriate word(s).