Lake Shore India Management Interview Questions and Answers

The per sqft costing in a commercial project for MEP varies depending on various factors such as project location, complexity, and quality of materials.

• Per sqft costing for MEP in a commercial project includes plumbing, fire fighting, HVAC, electrical, fire alarm, and public address system.

• The cost can range from $10 to $50 per sqft, but it can be higher for complex projects or projects in high-cost areas.

• Factors that ...read more

General terms apply to all contracts, while special terms apply only to specific contracts.

• General terms are standard terms that apply to all contracts, regardless of the type of contract or parties involved.

• Special terms are unique terms that apply only to a specific contract or set of contracts.

• General terms are often included in a company's standard contract template, while special terms are negotiated and agreed up...read more

The clause that can be used for removing a project manager of a subcontractor from a site is the Termination for Convenience clause.

• Termination for Convenience clause allows the owner to terminate the contract without cause

• The clause should be included in the contract between the owner and the subcontractor

• The clause should specify the procedures for termination and the compensation to be paid to the subcontractor

• The o...read more

The process of contract finalization involves several steps from drafting to execution.

• Drafting the contract terms and conditions

• Negotiating with the other party to reach an agreement

• Reviewing and revising the contract as necessary

• Obtaining necessary approvals and signatures

• Ensuring compliance with legal and regulatory requirements

• Storing and managing the contract for future reference