Discuss which currency should be used to pay a foreign contractor if they are performing work in a ...

Discuss which currency should be used to pay a foreign contractor if they are performing work in a host country using subcontractors that are from a country that is not the host nation and why.

What will be an ideal response?

Q. 2

Owners are responsible to pay for materials and work they received from all the contractors on a construction project. Even if the owner paid the general contractor, should the General Contractor not reimburse the subcontractors for the work they performed, it is still the owners responsibility to pay the subcontractors. For an owner's protection, prior to paying the general contractor, the owner should request ________________ form the general contractor and the subcontractors prior to making any payments.

A. lien waivers
B. insurance
C. payment bond
D. warranty

Q. 3

_________________ is easily understood by most construction clients. It lists the events in construction in the order they occur and their duration in bar chart format.

A. A cpm diagram
B. An arrow on node diagram
C. A gantt chart
D. A pie chart

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Discuss which currency should be used to pay a foreign contractor if they are performing work in a ...

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