A price quoted as ____, in the absence of a definition to the contrary, is interpreted to mean the price includes delivery to the site but the contractor is responsible for the cost of any unloading requirements at the site.
A)C.O.D.
B)F.O.B.
C)C.I.F.
D)D.D.U.

Question

Quizplus · Accepted Answer

F.O.B. (Free on Board) is a shipping term that indicates the seller delivers the goods at a specified location, and the buyer is responsible for unloading them. However, in the context of construction contracting, F.O.B. is typically interpreted to mean that the price includes delivery to the site but the contractor is responsible for the cost of any unloading requirements at the site.

A Price Quoted as ____, in the Absence of a Definition