Answer:
It serves as a guarantee that the contractor who wins the bid will honor the terms of the bid after the contract is signed.
Explanation:
A bid bond is a type of construction bond that protects the obligee in a construction bidding process.
A bid bond typically involves three parties:
The obligee; the owner or developer of the construction project under bid. The principal; the bidder or proposed contractor.
The surety; the agency that issues the bid bond to the principal example insurance company or bank.
A bid bond generally serves as a guarantee that the contractor who wins the bid will honor the terms of the bid after the contract is signed.
Answer:
$1.38
Explanation:
She will spend $25 million in 3 years at 10% interest is a case of Future Value of Annuity.
Therefore,
FV = A*((1+r)^n-1)/r
Where A = 25,000,000
r=10%=0.1
n=3
FV= 25000000*((1+0.1)^3-1)/0.1
FV=25000000*(1.331-1)/0.1
FV=25000000*(0.331/0.1)
FV=25000000*3.31
FV=$82,750,000
So it is estimated that 20million cars passes through the toll per year
Therefore,
Toll per vehicle per year = 82750000/2000000
=$4.14
Toll for the duration of the project
=4.14/3 =$1.38
Answer:
1. Manpower Management
2. Productive Meetings
3.Establish administrative policies, procedures, and standards.
4. High command over assets management.
5. Specific field related knowledge of procurement.
6. Compliance and EHS knowledge.
Explanation:
Answer:To decrease carbon monoxide production oxygen is added to the combustion process.
Explanation: Carbon Monoxide(CO) is a type of harmful gas that is produced when there is a incomplete combustion of carbon. It is in odorless and poisonous/toxic form . Due to the less amount of oxygen there is incomplete combustion , so if there is more supply of oxygen the result will be a complete combustion and this would decrease the production of carbon monoxide.
