Iovino & Companies
Tom Iovino
What kind of contract would you use for purchasing materials, equipment, tools, etc.
Purchase order
What is are the two types of differing site conditions?
Latent and subsurface
What does cyber insurance cover?
Unexpected date breaches and loss of sensitive information.
What iconic meal did McDonald's introduce in 1968?
Big Mac
What 5 companies make up Iovino Enterprises
IEP, Welkin, J-Track, TC Electric, MLJ
What is the Prime Contract?
The contract between the General Contractor and the Owner
Why do we need to give timely notice?
To preserve our rights to a claim.
What type of dispute resolution is informal?
Mediation
Which fast food restaurant still boards the slogan "Have it your way"?
Burger King
What company did the CEO previously found before Iovino?
Judlau
How long is the guarantee and warranty in our subcontract?
1 year from date of final acceptance of the Project by the Owner
How long is a mechanic's lien good for?
1 year from filing.
What is OCIP?
Owner controlled insurance program. Insurance purchased by the owner to cover the below subcontractors.
What is the most common pizza topping?
Pepperoni
What is the name of Iovino's General Counsel?
Stephanie DiPrima
How many days notice do you need to give under our subcontract if we want to terminate a subcontractor for cause?
3 days
List 3 types of damages for delay that we could collect.
- Labor escalation
- Material escalation
- Loss of productivity
- Impact costs
- Field overhead
- Home office overhead
What needs to be kept if you are doing work under protest?
T&M records (costs of labor, materials, and equipment used)
What is the best-selling packaged cookie in the United States?
Oreo's
What are the names of the 4 presidents?
MLJ- Rich Ocken
TCE- Chris Dawson
J-Track- Dave Summa
Welkin- Sean Alexander
What is a constructive termination for convenience?
If we terminate for cause and it's found that it was not proper, the termination will be deemed a termination for convenience.
Who are the 4 parties to a bond?
- Indemnitor
- Obligee
- Surety
Who can file a mechanic's lien?
GC, Subcontractor, 2nd tier Subcontractor ONLY
Percentage-wise, how much of a Twinkie consists of air?
68%