Availability of contractors. Are there available contractors who are capable of performing the work?
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Availability of contractors. Are there available contractors who are capable of performing the work? |
Chapter AP X5, Section X5.9, In-Text Questions, Exercise 044
Page 683
Here is a tip:
Contractors are the parties or organizations who guarantee effective implementation of a contract against the monetary compensation.
Explanation
According to the area where the contract is to be implemented, a seller, vendor, or a service provider can also be known as the contractor. The buyer can own the final product. The buyer can become a contractor, supplier, or service provider and be considered to be an important project stakeholder from the seller. The seller can also become the buyer of low-level products, material, and services from suppliers and sub-contractors.
Verified Answer
Yes, there are multiple contractors who are available to work and can perform the work effectively.
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