Contracts, Specifications, and Law for EngineersMcGraw-Hill, 1971 - 532 pages |
From inside the book
Results 1-3 of 47
Page 412
... bond ( $ 25,000 ) or merely for the $ 10,000 " loss " to the owner in this situation ? The answer is $ 10,000 , because the purpose of the bid bond is to protect the owner against loss , not to enable him to make a profit . Incidentally ...
... bond ( $ 25,000 ) or merely for the $ 10,000 " loss " to the owner in this situation ? The answer is $ 10,000 , because the purpose of the bid bond is to protect the owner against loss , not to enable him to make a profit . Incidentally ...
Page 414
... bond as some protection , one of the things the owner dreads is the financial failure of his contractor . 23-17 . Release of surety . There are circumstances in which the surety will be relieved of its liability , as where the obligee ...
... bond as some protection , one of the things the owner dreads is the financial failure of his contractor . 23-17 . Release of surety . There are circumstances in which the surety will be relieved of its liability , as where the obligee ...
Page 506
... bond . Illustrate . 28. How is the size of a bid bond determined ? When does it cease to be effective ? 29. A contract required submission of a bid bond for $ 10,000 with each pro- posal . The lowest bid was $ 500,000 and was made by ...
... bond . Illustrate . 28. How is the size of a bid bond determined ? When does it cease to be effective ? 29. A contract required submission of a bid bond for $ 10,000 with each pro- posal . The lowest bid was $ 500,000 and was made by ...
Other editions - View all
Common terms and phrases
acceptance accord and satisfaction action actual agent agreement application approval arbitration architect assume ASTM authority basis bid price bid shopping bidder bond breach building cause circumstances claim clause cofferdams compensation complete concrete condition consideration construction contracts contract clauses contract documents contract drawings contractor contributory negligence corporation cost court damages defects defendant duty enforce engineer engineer's entitled equipment erection estimate example excavation extra furnished illustration injury intended interest involved liability liquidated damages lump-sum materials matter means ment necessary negligence obligation operations owner particular partner partnership party patent payment performance performance bond person plaintiff plans prepared principal promise promisor proposal form quantities real property reasonable regarding responsible result rule specifications statute steel stipulated structure subcontractor tion tort tract tractor ultra vires unit prices unit-price contract unless West Virginia Turnpike witness workmanship