1. Describe one (1) reason that it is important on public projects for the contr
ID: 1711266 • Letter: 1
Question
1. Describe one (1) reason that it is important on public projects for the contract to achieve that crucial and final step of construction contract closeout. 2. Describe one (1) way that the execution of the Certificate of Completion or Substantial Completion affects what retainage may be held. 3. Describe two (2) hot spots of dispute that can arise between the contractor and owner after the owner begins beneficial use of the project due to the parties not understanding their responsibilities. 4. Describe one (1) way that the owner's ability to collect liquidated damages is affected by issuance of a Certificate of Substantial Completion. 5. Identify one (1) certificate that should be executed by the contractor and surety prior to the owner releasing final retainage funds. Grading Rubric Please refer to the rubric on the next page for the grading criteria for this assignment.Explanation / Answer
1) Sometimes during the course of the construction process,the owner may identify work that is not done in accordance with the plan and specifications.If the contractor does not agree to the owner's complaint of that defective construction,a dispute takes place.Normally,the contractor allows the owner to order the removal and replacement of the defective work.Such cases usually occur after the completion of the project when some part of the construction fails.Since there are allegations of negligence and breach of contract,usage of liability insurance occurs.
2) Disputes arise over extra or out-of-scope work and change orders as they cause increase in cost and completion time,to which the owner may not agree.If many change orders are present,they will have a cumulative effect on the contractor and this can be proved by employing critical path method analysis at the end of the project.
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