1. What are the responsibilities and alternatives of a surety in the event of a contractor defaulting on a performance bond?
2. What is important for the qualifying process?

Insurance

A worker operates a front-end loader with bad brakes on a building construction project. The loader is operated on a slope and begins to roll down the incline.In the loader's path is a vehicle belonging to a jobsite visitor.

The loader strikes the vehicle and continues to roll toward a glass window that was just installed in the new building that is being built.

Just before it hits the window, the operator jumps from the loader when his efforts to stop the loader are futile. The operator suffers a sprained ankle as a result of his jump.

The loader crashes through the glass window and comes to a stop when it strikes a block wall damaging the wall as well.

What policy covers:

3.

(a) The damaged vehicle?

(b) The injured operator?

(c) The glass window?

(d) The wall?

4. Describe how an owner-controlled insurance program (OCIP), also known as "wrap-up insurance," differs from traditional insurance on a construction project.

5. Which type of insurance policy covers fire to the structure during construction?

6. Who pays for workers' compensation insurance? Who is covered by it?

Warranties

7.Describe the differences between patent defect and latent defect. Why are does differences relevant for warranties in construction?

8. On a construction project, when does the warranty typically start? How would you know for sure?

9. What does an owner warrant to a contractor on a construction project?

10. What does a designer warrant on a construction project?

11. What does a contractor warrant on a construction project?