GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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19:53 Apr 15, 2010 |
English language (monolingual) [PRO] Law/Patents - Law: Contract(s) / Contracting | |||||||
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| Selected response from: Stephanie Ezrol United States Local time: 01:38 | ||||||
Grading comment
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SUMMARY OF ALL EXPLANATIONS PROVIDED | ||||
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4 +8 | at each level in a hierarchy of contracting and subcontracting |
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4 | on every level |
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at each level in a hierarchy of contracting and subcontracting Explanation: They are using tier in the sense of level, or rung of a hierarchy -- where company A has the contract but company A subcontracts to B who may subcontract to C. So even though only A has the signed contract, subcontractor at any tier down the chain are still held to the contract. -------------------------------------------------- Note added at 15 mins (2010-04-15 20:08:10 GMT) -------------------------------------------------- This also may help: Cartus expects each level of subcontractor to participate in our program. We expect our first-tier subcontractors (brokers, appraisers, inspectors, and closing agents) to be active in seeking out and utilizing second-tier subcontractors and report that utilization to Cartus on a regular basis. Any independent contractor qualifies (which, in the case of real estate broker firms, generally includes individual agents who operate as independent contractors). http://www.cartus.com/AboutCM/OurSuppliers.aspx?cid=367&sID=... |
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Grading comment
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