Question

Reducing the duration between submission of the billing by the GC to the time the GC gets paid by the owner is not something the GC can attempt to negotiate.

True

False

Short term financing is anything that is financed over a base period of 3 years or less.

True

False

Answer 1

1. This given statement is true because reducing the duration between the submission of the bill by the GC till the time of payment by the owner to the GC, the GC will have no option whatsoever to negotiate with the owner

So the given statement is a completely TRUE statement.

2. This given statement is a FALSE statement because short term financing is generally one year or less or or maybe two years or less in a few companies cases.

the given statement can be determined as FALSE statement because this says short-term financing extend for 3 years.