Facility Management During & After Defect Liability Period (DLP)?

Expert Solution

Facility management is the process of professionally managing the support services to make sure the delivery process of these services run effectively and efficiently in the organisation like security, building infrastructure etc.

The facility management during the defect liability period helps in monitoring the defects or the repairs which are found in the infrastructure of the company built by the contractor. DLP is a period where the warranty is provided to the management to make sure no defect ariss or no repair is needed for the production or services provided. If anyd defect is detected duting the SLP, the contractor is then notified and is given the opportunity to repair the same. If the same contractor is unable or unwilling to fix the repair for the damage detected, the purchaser or the facility manager has the right to use the funds retained for the contractor for the same coverage of the damage. The contractor is then not liable for the funds retained.

After the DLP is over, if no defects were found or if any discovered were repaied effectively by te contractor, then the retention money is returned back to the contactor or the defects liability guarantee to be released as a stipulated in the contract.

keosha answered 1 year ago

what are a list of liability protections for a physicians an a facility.

. A yield improvement study at a semiconductor manufacturing facility provided defect data for a sample...

. A yield improvement study at a semiconductor manufacturing facility provided defect data for a sample of 450 wafers. The following table presents a summary of the responses to two questions” Were particles found on the die that produced the wafer?” and “is the wafer good or bad?” CONDITION OF DIE Quality of wafer No particles Particles Totals Good 320 14 334 Bad 80 36 116 Totals 400 50 450 Suppose you know that a wafer is bad. What then...

Which of the following statements regarding liability management is accurate? A. As a liability management strategy,...

Which of the following statements regarding liability management is accurate? A. As a liability management strategy, reliance on customers deposits allows the bank's loan portfolio to grow faster than relying on borrowed funds. B. As a liability management strategy, reliance on borrowed funds allows a bank's loan portfolio to grow faster than relying on customers deposits . C. Customers deposits are more stable as a source funds for a bank than borrowed funds D. B and C. Need fast

A management facility divides workdays into 3 shifts – EarlyBird, Cricket and NightOwl. The facility recently...

A management facility divides workdays into 3 shifts – EarlyBird, Cricket and NightOwl. The facility recently hired 20 workers on the EarlyBird shift, 15 workers on the Cricket shift, and 10 workers on the NightOwl shift. Six of these workers are to be chosen for rigorous interviews. Suppose the selection is made in such a way that any particular group of six workers has the same chance of being selected as does any other group (that is, drawing choices without...

High Growth Period: Growth rate during period = 10% Payout rate during period = 40% Stable...

High Growth Period: Growth rate during period = 10% Payout rate during period = 40% Stable Growth Period: Growth rate during period = -1% Payout rate during period = 80% Please assume all other inputs remain unchanged. Please show your work. There are two stocks. Assume a capitalization rate of 10%. Stock A is expected to pay a dividend of $15 next year. Thereafter, dividend growth is expected to be -2% per annum forever (note that dividends are declining). Stock...

How does the body respond during the resting period after exercise? Explain why the body responds...

How does the body respond during the resting period after exercise? Explain why the body responds this way.

2. A newborn dies hours after birth due to a severe and inoperable heart defect. The...

2. A newborn dies hours after birth due to a severe and inoperable heart defect. The mother asks to bathe and dress the infant and asks the nurse for assistance in doing the postmortem care. She asks the nurse to review and explain the hospital procedure and how to mark the tags, the shroud, etc. How would you respond and why? 3. A 4-year-old drowns in a backyard pool and is pronounced dead in the ER. The child’s parents perform...

During a given period, a stock had a realized return of 12%. During the same period,...

During a given period, a stock had a realized return of 12%. During the same period, the risk free rate of return was 6% and the market return was 9% and this stock's beta was 0.8. Calculate this stock's abnormal return during the period in question. Group of answer choices 3.6% (4.2%) (3.6%) 4.2%

Describe why Keynesian demand management policies were renounced during the neoliberal period. And explain the difference...

Describe why Keynesian demand management policies were renounced during the neoliberal period. And explain the difference between the objective of Keynesian tax cuts from the supply-side objectives. ( At least 100 words)

One budgeting approach is for top management to set the facility management budget. The goal is...

One budgeting approach is for top management to set the facility management budget. The goal is to reflect the organization’s strategic objectives and control the decisions. Which type of approach is this? Participative budgeting Flexible budgeting Zero-Based budgeting Authoritative Budgeting

Question