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What is a CMA project?

A CMA report which is professionally prepared can enhance the chances of obtaining a bank loan. Under the Credit Monitoring Arrangement (CMA), banks have been permitted for sanctioning credit proposals (of large borrowers) after detailed analysis of the past performance.

What is the meaning of service agreement?

a formal agreement between a company and an employee in a high position about their pay and conditions of employment: Directors service agreements of more than 12 months duration can be inspected by any shareholder.

What is a CM At agent in construction?

In this role, they contract with subcontractors and suppliers for the construction project. Construction Manager-as-Agent. Also referred to as construction manager-as-advisor, this relationship puts the CM in purely an advisory role as an agent to the owner.

Who is ultimately responsible for design errors on a construction project?

3. B. Owner. While it is natural to want to choose the DP or the contractor (in the design-build delivery method), its the owner who ultimately retains responsibility for damages associated with design errors.

What is the role of the owner on a construction project?

The owner must provide the contractor with information necessary to provide a safe worksite. The owner must coordinate with the contractor to schedule work safely, and the owner must perform inspections to discover and correct any safety problems that construction operations may cause in areas adjacent to the jobsite.

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