Handbook of Construction Management and OrganizationVan Nostrand Reinhold, 1973 - 660 pages USA. Manual of and guide to business organization and management techniques for the construction industry - provides advice on the basics of contracting, bidding, financial management, equipment maintenance, network analysis, cost accounting, computerization, labour relations, occupational safety, public relations, taxation, etc. Flow charts, graphs, photographs, references and statistical tables. |
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Page 80
... bond , however , is a three - party instrument - the principal , who in a contract bond is the contractor ; the obligee or owner , who is a party requiring the protection of the bond ; and the surety . The surety guarantees that the ...
... bond , however , is a three - party instrument - the principal , who in a contract bond is the contractor ; the obligee or owner , who is a party requiring the protection of the bond ; and the surety . The surety guarantees that the ...
Page 83
... Bond Forms A contract bond generally is in the form of a joint and several guarantee of principal and surety to pay a specified sum of money , known as the bond penalty ; subject to the condition that if the principal performs the ...
... Bond Forms A contract bond generally is in the form of a joint and several guarantee of principal and surety to pay a specified sum of money , known as the bond penalty ; subject to the condition that if the principal performs the ...
Page 94
... bond , the sureties are jointly and severally liable for the full bond penalty , limited only to the stated dollar amount for which each company signed . 8-15 . Selection of a Bonding Company The proper selection of a bonding company is ...
... bond , the sureties are jointly and severally liable for the full bond penalty , limited only to the stated dollar amount for which each company signed . 8-15 . Selection of a Bonding Company The proper selection of a bonding company is ...
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Common terms and phrases
accounting activities actual costs AMOUNT UNIT COST application bank basic basis bidder blockout bond BROWN'S FERRY changes charges cofferdam complete concrete contract contractor contractor's engineer COST AMOUNT UNIT dealer detail determined developed diagram Diffusion chamber DIRECT COST DOE CONSTRUCTION COMPANY employees excavation expense facilities FICTITIOUS FOR ILLUSTRATION field Figure functions handling home office involved job cost JOHN DOE CONSTRUCTION joint venture labor loan machine maintenance ment method monthly Morrison-Knudsen necessary normally overhead owner payment payroll percent performance permanent materials personnel plans plant and equipment prepared preventive maintenance procedures production profit project engineer project manager purchase order quantities rates records rental repair reports Riprap schedule subcontract subnetwork supplies surety surety bond Target Estimate tion tractor truck UNIT AMOUNT COST usually