Civil Engineering PE

Answer: C - The contract term “indemnify” refers to the provision of financial payment for damage or loss. Indemnification clauses are included in almost every construction contract that is signed. These clauses are extremely important and if not understood, can cause businesses to go bankrupt if the wording of the clause benefits only the project owner. Design engineers’ and contractors’ legal advisors strive to get indemnification clauses into their contracts that include a maximum limit of liability to the amount they are paid to complete a contract.