Contract Management

Archive for the ‘Construction Contract Management’ Category

Which of the following industries was not impacted by the economic changes that followed World War II? (Points: 2)
aircraft manufacturing
shipbuilding
fishing
construction

2. Which of the following best describes the Washington economy since World War II? (Points: 2)
a steady increase in economic activity
a steady decrease in economic activity
a series of ups and downs in economic activity
very little change in economic activity

3. Which of the following best describes the term "Pugetopolis"? (Points: 2)
It refers to the one big city and extended suburbs that developed north and south along Puget Sound.
It refers to the downtown area of Seattle.
It refers to the area between Seattle and Tacoma only.
It refers to the islands of Puget Sound and the transportation system that connected them.

4. Which of the following best describes the postwar population trends in Washington cities and towns? (Points: 2)
Population decreased statewide.
Population stayed the same statewide.
People poured in to live in the urban centers of Washington cities.
People poured in to live in ever-growing suburbs on the fringes of Washington cities.

5. What new transportation route helped the growth of Bellevue? (Points: 2)
the Lake Washington ferry system
the floating bridge
Interstate 5
Sea-Tac Airport

6. What is the name given to the period of tension over possible atomic war between the Soviet Union and the United States following World War II? (Points: 2)
the Vietnam War
anti-Communism
recession
the Cold War

7. What is the chief characteristic of Washington politics since World War II? (Points: 2)
strict party solidarity
rise of the socialist party
voter independence
lack of strong political leaders

8. Which of the following was an anti-Communist measure taken in the state during the early 1950s? (Points: 2)
The state called hearings into Communist influences in Hollywood.
The state created laws banning the Communist party.
The state created a legislative committee to pursue "un-American" activities.
The state evicted known Communists.

9. Which of the following is not a reason that Vietnam War protestors opposed America’s involvement in the war? (Points: 2)
They felt the conflict was a civil war between two far away countries.
They felt the conflict was brutal and bloody.
They felt that America’s real enemy was Cambodia.
They felt that America had no vital interest in Vietnam.

10. Who were the Seattle Seven? (Points: 2)
a group of downtown development experts
the people who brought the 1962 World’s Fair to Seattle
the first America soldiers to die in Vietnam
a group of antiwar protestors arrested for inciting a riot

11. Which of the following is not a way that the Vietnam War impacted Washington? (Points: 2)
Antiwar protests led to violence in some cities.
The war created new defense contracts for the state’s industries.
The war led to an influx of Southeast Asian refugees to Washington.
The war created a wave of anti-Communists hearings in the state.

12. What was the name of the treaty with which the Boldt decision was concerned? (Points: 2)
Treaty of Seattle
Medicine Creek Treaty
Treaty of Ghent
Treaty of Isaac Stevens

13. What was the ultimate result of the Boldt decision? (Points: 2)
It gave nonnative fishermen more rights to fish in Washington.
It protected the native fishing rights of tribal fishermen.
It ended all commercial fishing in the state.
It led to an end of all conflict between native and nonnative fishermen.

14. Which of the following was the worst polluter of Washington’s air during the early 1970s when people first began seriously worrying about environmental concerns? (Points: 2)
factories
Hanford site
cars and trucks
lumber mills

15. What new agency did the Washington State government create in 1971 to deal with environmental problems? (Points: 2)
Environmental Protection Agency
Municipality of Metropolitan Seattle
Department of Ecology
Shorelines Management Agency

16. The __________ led to the demise of new nuclear power plants planned for Washington. (Points: 2)
construction of the Grand Coulee Dam
accident at Three Mile Island
creation of the WPPSS
cleanup of the Hanford project site

17. Which of the following is not an argument that opponents use against the development of nuclear power plants? (Poin

I suggest you either:

1. Do your own homework
2. Ask this question in the homework help category instead of here.

I have not completed by education not even my 10th and i helping dad into his construction waterproofing business last 8 years and now i want to pursue doing sum course in business studies or Contract Management. can i be eligible in Nicmar or other institute. please let my know

Thanks & Regards,

Yogesh

Some institute organized corresponding education. you can continue your study with doing business.

Harvard’s Bet on Interest Rate Rise Cost $500 Million to Exit

By John Lauerman and Michael McDonald

Oct. 17 (Bloomberg) — Harvard University’s failed bet that interest rates would rise cost the world’s richest school at least $500 million in payments to escape derivatives that backfired.

Harvard paid $497.6 million to investment banks during the fiscal year ended June 30 to get out of $1.1 billion of interest-rate swaps intended to hedge variable-rate debt for capital projects, the school’s annual report said. The university in Cambridge, Massachusetts, said it also agreed to pay $425 million over 30 to 40 years to offset an additional $764 million in swaps.

The transactions began losing value last year as central banks slashed benchmark lending rates, forcing the university to post collateral with lenders, said Daniel Shore, Harvard’s chief financial officer. Some agreements require that the parties post collateral if there are significant changes in interest rates.

“When we went into the fall, we had some serious liquidity management issues we were dealing with and the collateral postings on the swaps was one,” Shore said in an interview yesterday. “In evaluating our liquidity position, we wanted to get some stability and some safety.”

Harvard sold $2.5 billion in bonds in the fiscal year, in part to pay for the swap exit, even as the school’s endowment recorded its biggest loss in 40 years, the report released yesterday said. This is the first time the university has detailed the cost of exiting its swaps.

Further Pressure

“Substantial losses” in Harvard’s General Operating Account, a pool of cash from which bills are paid, further put pressure on the school, the report said. The net asset value of the account fell to $3.7 billion from $6.6 billion during the fiscal year, according to the report.

Harvard has typically invested a large portion of this operating account alongside the endowment, generating “significant positive investment results,” the report said. This year, the endowment’s losses hurt Harvard’s cash, according to the report.

Swaps are a type of derivative where two parties agree to exchange payments tied to a financing, typically receiving a variable-rate for a fixed-rate payment. The terminated contracts include three tied to $431.7 million of bonds the university sold in 2005 and 2007, the annual report said.

Unwinding Swaps

From New York to San Francisco Bay, tax-exempt issuers have paid hundreds of millions of dollars to unwind bond-and-swap transactions officials initially said would cut borrowing costs. The deals fell apart when municipal-bond insurers, who backed much of the underlying debt, lost their AAA ratings in 2008 and interest rates, instead of climbing, plunged to record lows in the worst credit crisis since the Great Depression.

The swaps are often pegged to Securities Industry and Financial Markets Association lending benchmarks or the three- month dollar London-Interbank Offered Rate, known as Libor. Libor closed yesterday at 0.28 percent, from a 10-year high of 6.89 percent on June 1, 2000.

Yale University in New Haven, Connecticut; Georgetown University in Washington and Rockefeller University in New York have reported losses related to interest-rate swaps, in some cases prompting the schools to pay termination fees to end the contracts.

Lawrence Summers

The annual report provides new details on Harvard’s derivative-related losses. Many were entered into in 2004, said Harvard spokeswoman Christine Heenan. Lawrence Summers, director of President Barack Obama’s National Economic Council, was the university’s president at the time. White House spokesman Matthew Vogel declined to comment.

Harvard Management Co., which administers the endowment, has been run since July 2008 by Jane Mendillo, former chief investment officer of nearby Wellesley College. She took over from Mohamed El-Erian, now chief executive officer of Pacific Investment Management Co., which oversees the world’s largest bond fund from Newport Beach, California. He succeeded Jack Meyer, who ran it for 15 years, in February 2006.

Harvard’s loss “says that people don’t understand the complexity of the products they are buying and selling and that doesn’t begin and end with mortgage securities,” said Robert Doty, a municipal finance adviser at American Governmental Services in Sacramento, California.

“It shows that with these products that are so highly complex, people are a long way from knowing as much about these products as they think they do,” he said.

Financing Construction

The Harvard swaps involved bonds sold to finance a medical research building, graduate housing, parking and a Center for Government and International Studies, according to reports from Moody’s Investors Service. They were also used to lock in rates for future bond sales for an expansion of the campus across the Charles River in Boston that has since b

In general, highly educated people remember what they’re taught but often have trouble solving problems, and applying book knowledge to the real world. The "experts" are constantly surprised!

As the 1st in my family to get a college education, I was really high on myself….until I got into real life and needed my dads advice!

BTW studies have proven the more intelligent you are the more easily you can be hypnotized!