Computer · Estimating, Costing and Valuation
Match the items in List 1 with their correct definitions/descriptions in List 2: List 1: A. Earnest money deposit B. Security deposit C. Arbitration D. Tender List 2: i. Settlement of a dispute by the decision of a third person ii. Offer in writing to execute some specified works iii. Deposited by the contractor to safeguard the interests of the owner in the event of improper performance of the contract iv. Guarantee in the form of cash on the part of the contractor to keep open the offer for consideration
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A-iii, B-iv, C-i, D-ii
- 2A-i, B-ii, C-iv, D-iii
- 3A-ii, B-i, C-iv, D-iii
- 4A-iv, B-iii, C-i, D-ii✓
Correct answer
A-iv, B-iii, C-i, D-ii
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