In financing for new construction, the lender will usually release the final payment to the builder when the:
A: Owner has accepted the property;
B: Lien period has expired;
C: Work has been completed;
D: Notice of completion has been recorded.
Answer: B: Lien period has expired;
Business
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When an external party invites a firm to bid on a contract, and includes strict guidelines in the request, what has been generated?
A) Sales proposal B) Internal proposal C) Request for proposal D) Unsolicited proposal E) Investment proposal
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A priori consideration of information needs is performed:
A) Several years after a project is completed. B) Before a project begins. C) At the start of a project. D) During the project.
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