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What does the contractor use to ensure performance in accordance with the contract?
Wiki User
∙ 11y ago
Quality Control Plan
Wiki User
∙ 11y ago
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What does the contractor used to ensure performance in accordance with the contract?
Quality Control Plan
What is the definition of contractors bond?
Contractor's bonds ensure the performance of work done by a contractor. Contractors bonds are used mainly in the construction industry, and they are in place to ensure that the work will be done properly and to the desired specifications set out by the person who hired the contractor.
What are the advantages of a performance bond?
A performance bond is used to ensure a customer winds up with a finished product when undergoing a project involving a contractor. An advantage is there is no deductible when using a performance bond, and you have lower premium costs.
How an organization can ensure employees adhere to the contract?
Proper and adequate supervision, and reasonable, transparent monitoring of performance.
What is a performance deposit on a car repossion?
A performance deposit is to ensure the contract if followed and will come off the cost of the car. Its usually the lesser of three months payments or on third of the remaining loan on the car.
What are the roles and responsibilities of a main contractor?
The roles and responsibilities of a main contractor is to ensure that the project is completed successfully. The main contractor will find subcontractors for the different assignments in the project.
What are the roles and responsibilities of a sub contractor?
The roles and responsibilities of a main contractor is to ensure that the project is completed successfully. The main contractor will find subcontractors for the different assignments in the project.
In order to ensure that a contractor has an acceptable quality assurance system in place the Government can require that a contractor be ISO 9001 certified?
False
Aside from the price of the service' are there any other considerations you need to look into before you pick a roofing contractor?
There may be some differences in the estimates, as every roof contractor has some different costs involved. When you compare the quotes of all the three contractors, ensure that the labor charges are included in the contract. Besides this, don't forget to take the reviews of the people who have got their roof repaired from your chosen roofing contractor.
Where can one find a contractor to do roof repairs?
In order to ensure that good work is done, a professional contractor is needed for all construction work. The best place to find a contractor is on Angie's List.cs t
What does surety mean?
Surety means the providing a guarantee or assurance to perform. Surety bonds originated hundreds of years ago as a mechanism through which trade over long distance could be encouraged. They are frequently used in the construction industry: in order to obtain a contract to build the project, the general contractor (and often the sub-contractors as well) must provide the owner a bond for its performance of the terms of the contract. Conversely, owners and contractors may also provide payment bonds to ensure that subcontractors and suppliers are paid for work done. Under the Miller Act, payment and performance bonds are required for general contractors on all U.S. federal government construction projects where the contract price exceeds $100,000.00. Surety bonds are also used in other situations, for example, to secure the proper performance of fiduciary duties by persons in positions of private or public trust.
What exactly is a statutory holdback?
A statutory holdback arises when someone employs a contractor to do some work. A percentage of the agreed contract amount is held back for a period of perhaps 45 days after completion to ensure all parties are satisfied with the work before payment is completed.
