Certified Texas Contract Manager Exam 2025 – 400 Free Practice Questions to Pass the Exam

Image Description

Question: 1 / 400

What does assignment of contractor refer to in a contract?

Termination of a contractor's duties

Transferring rights under a contract to another party

The assignment of contractor refers specifically to the process in which rights or benefits under a contract are transferred from one party to another. This is a common practice in contract management and can occur for various reasons, such as financial considerations, resource management, or changes in project scope. By transferring these rights, the new party becomes entitled to the benefits or obligations outlined in the original agreement, although there may be conditions or approvals required as per the contract terms.

In this context, the concept does not relate to termination of duties, which involves canceling the contractor's responsibilities rather than transferring them. Likewise, it does not pertain to increasing the contract sum or modifying the contract duration, as these actions involve changes to the financial aspects or timeframes of the contract rather than the transfer of rights.

Get further explanation with Examzify DeepDiveBeta

Increasing the contract sum

Modifying the contract duration

Next Question

Report this question

Download Certified Texas Contract Manager Practice Exam PDF Study Guide
Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy