answersLogoWhite

0


Want this question answered?

Be notified when an answer is posted

Add your answer:

Earn +20 pts
Q: A bid rigging A defense contractor gets its competitors to agree not to enter bids?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Other Business

What is recourse for homeowner whose insurance company paid contractor in full and contractor refuses to complete the job as agreed to with the insurance company?

Your contract with the tradesman is between "You and the Contractor", He did not contract with your insurance company. All the insurance company did is agree to pay the bill for you. So you would need to bring your own civil or criminal action against your contractor depending on the circumstances.


Match each type of unfair business practice with its description (apex)?

1.Vendor lock in: a company say a wide range of product can be used with its products but this is not true. Price fixing: a group of companies agree that all of them will charge the same price. 3.Predatory pricing: a large company charges a price below production cost in order to eliminate small competitors.


How do you work with others to agree own development plan?

How you work with others to agree on your own personal development plan is important. These people will tell you what you need to do.


What's a surety bond?

a form of 'insurance' acquired by a contractor (usually required by an owner or entity engaging the services of a contractor) whereby, if the contractor defaults (i.e. is unable, for whatever reason, to complete the work that it contracted for) the surety will take over the completion of the project, sometimes using the contractor's own forces or, more commonly, engaging the services of another contractor to complete the work. = Answer == Bonding is frequently called ""reverse insurance". Insurance is intended to pay someone for damages by an event that, may or may not have any fault, but is essentially expected to possibly happen, (like a house fire). An insurance company expects to pay some losses - the risk of that loss, to the degree that it is more than the fee/premium charged, is shifted from the insured to the insurance company. Bonding on the other hand, is a way to assure payment (or performance of something) for an event that really should never happen. If payment/performance under a bond must occur, the Bonding Company will try and get paid by the one it bonded. It never agreed there should be or to accept any loss. Hence, along with a fee the company normally gets security/liens/mortgage that it feels is adequate to reimburse it for any amounts it pays. Bonds come in many, frequently specific & independent forms. For example, it is common that a building contractor will have to provide 3 different bonds in many jobs: Bidding, Performance, & Payment. The bid bond assures that if he bids to do a job - wins the bid - and then doesn't agree to to the job as bid, the one who was requesting the bid (and now has to go through the time and expense of redoing it all) gets compensated. The contractor may also have to provide a Performance bond, which basically means if he fails to complete the contract, (walks off the job, etc., ) and the buyer needs to get someone else to do it, there is compensation in the bond amount. This bond may even cover the warrenty period, so there is a way to assure the contractors 10 year guarantee, if say, he's gone then. (Sometimes, instead of paying, the Bonding Company will/must actually step in and hire another contractor to perform). There may be a bond required to assure that payments made to the general Contractor that should be paid to the sub contractors , suppliers or employees, are actually paid to those people. (If the contractor fails to pay a supplier/worker, those people actually have a lien against your property until they are paid, even if you paid the contractor). Hence, a bond is essentially that a large, capable organization (generally an insurance company), agrees that those taking on a responsibility are actually responsible, or the bonding Company will perform in its behalf or compensate....and then get renumeration from the one causing the problem. In most job situations, it means you are considered responsible to be trusted with money, (under what would be expected to be controlled guidelines of your employer). Just being able to be bonded for something, indicating another presumably large/reputable company will stand behind you, is a sign of quality and integrity.A surety bond is a promise to pay one party (the obligee) a certain amount if a second party (the principal) fails to meet some obligation, such as fulfilling the terms of a contract. The surety bond protects the obligee against losses resulting from the principal's failure to meet the obligation.


The concept of competitive advantage is as important for non-profit organizations as it is for profit organizations Do you agree with this statement of not Explain with examples to justify your an?

The concept of competitve advantage is as important for non- profit orgnizations as it is for profit orgnizatios Do you agree with this statement or not? Explain with examples to justify your answer.

Related questions

What is recourse for homeowner whose insurance company paid contractor in full and contractor refuses to complete the job as agreed to with the insurance company?

Your contract with the tradesman is between "You and the Contractor", He did not contract with your insurance company. All the insurance company did is agree to pay the bill for you. So you would need to bring your own civil or criminal action against your contractor depending on the circumstances.


Is it acceptable for a forensic psychologist to agree to testify for the defense with their fee contingent upon a not guilty verdict?

no


What are some sentences with word subcontract in it?

The contractor made a subcontact with a local plumber.I did not agree with the terms in the subcontact.The subcontact modifies the primary contract.


How did Patrick Henry address the concerns of the people who did not agree with him?

In 1775 Patrick Henry gave a speech to address the concerns of people who did not agree with him. Patrick Henry's speech was in defense of liberty.


How does Monopolistic Competition differ from Oligopolistic Competition?

"Monopolistic Competition" is, unless I'm missing something, an oxymoron. "Monopoly" implies "no competitors," so who, precisely, is the monopoly supposed to be competing with? In an oligopoly, there are a few competitors, so there actually could be some competition; however, the term is generally used in a trust situation where the "competitors" more or less agree not to actually compete.


You have paid the contractor of work now problems are starting?

If you have already paid the contractor for a job and are now having problems, the best course of action is to contact the contractor and attempt to resolve the situation. Depending on the specifics of the job, the contractor might be willing to fix the issues without any additional costs. If not, you may need to consider legal action or dispute resolution.Here are some steps you can take to resolve the problem: Contact the contractor and explain the problem. Document the work done by the contractor and any issues they need to fix. Discuss with the contractor what they will do to resolve the problem. If both parties can't agree on a solution, consider dispute resolution or legal action.Taking the time to resolve the issue with the contractor will help ensure that you receive the services you paid for.


Information technology is a strategic weapon.Do you agree with this statement?

Information technology is a strategic weapon only if your competitors do not have access to the same information, if they do it becomes a strategic tool and a planning device.


How many times can the court extend out a case?

As long as BOTH the defense and the prosecution agree to the extensions there really is no statutory time limit.


Non-compete, Contractor?

Non-Compete, Contractor(Download)_________________________________, referred to as CONTRACTOR and _________________________________, referred to as STATION, agree:_________________________________ is employed by ___________________ as ________________________________________________________________.CONTRACTOR and STATION acknowledge that as a result of the employer/employee relationship existing that CONTRACTOR will from time to time receive, or create confidential information related to trade secrets, future promotional plans, and that such information might be useful to competitors.Upon termination of employment by STATION, CONTRACTOR shall not accept employment in any capacity, act as proprietor, shareholder or act as an independent contractor for any broadcasting station located within a radius of ______________________ miles from the center of the city of license of the STATION, for a period of _____________________ days.The parties agree that the damages, which may be suffered by STATION upon violation of this agreement, are irreparable and intangible in nature. Therefore, the parties agree that STATION shall be entitled to injunctive relief to enforce this agreement.The parties agree that all disputes related to this agreement shall be arbitrated under the rules of the American Arbitration Association, before a single arbiter. The decision of the arbiter shall be final, and may be entered by any Court of competent jurisdiction as a final judgment.The prevailing party in any dispute related to his agreement shall be entitled to its reasonable counsel fees.This is the entire agreement between the parties, and this agreement may only be modified in writing executed by both parties.Dated: ___________________________________________________________________________________________________________________, EMPLOYEE_____________________________________________________________________, STATION by an authorized officerNon-Compete, ContractorReview ListThis review list is provided to inform you about this document in question and assist you in its preparation. This non-compete is tailored for a contractor of a station or location. You can easily tailor it for another situation.1. Make multiple copies. Give one to the contractor; keep one with the specific project; keep one in your corporate files.


Should you get a home improvement loan from a contractor?

Watch out for this situation: A contractor offers to do some work on your home, saying he can also arrange the financing through a lender. Once you agree, the contractor begins work. The lender then appears with papers to sign. He may rush you into signing a document before you have time to read it, or the contractor may threaten to stop working until the papers are signed. You sign, only later realizing you've just agreed to a home equity loan with high rates, points and fees. Additionally, the contractor now has no interest in finishing the job, since he has already gotten paid by the lender.


Why did it appear President Reagan was being contradictory when he increased defense spending so much?

He was trying to get the Soviets to agree to reduce nuclear arsenals.


How do you recognize agree and respect the roles and responsibilities of colleagues?

When you are looking to hire a contractor (or sales rep of any sort) you can get a better idea of that persons competencies by doing the following: - Get references, and call those references to find out about the contractor past work. If there was a problem they will tell you. - ask to see a profolio of past jobs, that way you can see how those jobs turned out. - Never assume things. If there are things you want done when you hire the contractor, make sure you get those things written down and signed by contractor. Write down EVERY THING you want him/her to do. That way when they say they are done, you know they are done and you feel happier about your contractors work. If they don't do all the tasks that you had written down then you can always take them to court. I hope that this helps