Questions with Complete Solutions.
Standard for Excellence was adopted in - Answer 2007
(blank) is the cost of boots on the job for one hour - Answer cost of a labor hour
55% of our membership will retire by - Answer 2027
contractor profit margins? - Answer between 1 and 3 percent
gross margin is - Answer sales minus all costs
tax rate for contractors? - Answer 40 percent
marketshare is defined as - Answer the amount of work available in a market
types of contracts - Answer fixed price, time and material, design-build
types of workers - Answer 15% - top performers
70% - solid contributors
15% - "cruise control"
The purpose of the (blank) is to serve as a labor and management... - Answer The Standard
for Excellence
(blank) in ten workers are in a union - Answer one
there are (blank) components to the message of the Standard for Excellence - Answer three -
image, productivity, labor management
The UA is dedicated to doing the best job possible, upholding its motto - Answer "We do it
right the first time"
Benefits and mandated costs are negotiated by (blank) or required by the state of federal
government - Answer contract
, (blank) is cost incurred, per hour of labor, for costs that are directly associated with a specific
project. - Answer Project labor overhead
The (blank) is cost incurred by a firm that cannot be directly assigned to a specific project. -
Answer contractor's overhead
The contractor's overhead is sometimes called the (blank). - Answer general overhead
The (blank) determines overhead and profit percentages - Answer contractor
To resolve conflicts that occur where there are different priorities, make sure to - Answer
communicate
There are (blank) common strategies... - Answer five
The single most important distinction in problem solving is the subtle difference between
(blank) and (blank). - Answer position and interest
(Blank) is the process by which two or more people come to an agreement on some matter -
Answer negotiation
(Blank) is the difference between the dollar amount of the contract and the direct cost of doing
the work - Answer gross margin
The typical contractor profit is 1 to 3 percent of each contract, which is then subject to a (blank)
percent state and federal government tax - Answer 40%
(Blank) is the percentage of total available market - Answer market share
In addition to the push to recapture market share, one of the largest concerns is the (blank) of
the UA membership - Answer demographics
As a (blank), your primary responsibility will be to supervise and lead a group of workers -
Answer foreman
A (blank) type of contract usually has an undetermined final price - Answer time and
material