Multiple Choice
A price quoted as ____, in the absence of a definition to the contrary, is interpreted to mean the price includes delivery to the site but the contractor is responsible for the cost of any unloading requirements at the site.
A) C.O.D.
B) F.O.B.
C) C.I.F.
D) D.D.U.
Correct Answer:
Verified
Correct Answer:
Verified
Q6: When a contract states that the contractor
Q7: One of the general reasons why project
Q8: Materials are usually quoted including taxes.
Q9: The contractor has little or no influence
Q10: Where union labor is used, the wage
Q12: The risk of bankruptcy by a subtrade
Q13: Almost all price quotations received from material
Q14: In general, all subtrades offer lump-sum bids.
Q15: Most project specifications provide detailed descriptions of
Q16: The nature of the recap breakdown depends