NASCLA BUSINESS LAW FINAL UPDATED EXAM
QUESTIONS AND ANSWERS SURE A+
✔✔Effective Selling Skills - ✔✔Maintain Good Contact
Be attentive
Keep an open mind
Dont interupt
Ask clarifying questions
Put yourself in the shoes of the other person
Pay attention t body language
✔✔Presentation materials - ✔✔-Company info Sheet
-Brochures
-Business cards
-Past customer Testimonials
-Warranty information
- Photographs of past projects
✔✔Estimating process - ✔✔- Company resources and type of work
- Site Considerations
- Location and Cost Effectiveness
- Risk Assessment
- Profitability of Project
✔✔Quantity take off method - ✔✔Method of estimating
- Subcontractor Fees
- Labor Burden
- Project overhead Costs
- Project equipment
- Contingencies
- Allowances
- Company Overhead
-Profit
✔✔Labor Burden - ✔✔- Medicare and Social Security
- Federal unemployment Insurance
- Workers Compensation
- Liability insurance
- State unemployment insurance
- Company Benefits
✔✔Project Overhead - ✔✔- Bonds
- Temporary Storage
- Temporary office
- Security Guard
, - utilities
- Dumpsters
- Portable toilets
✔✔Company Overhead - ✔✔- Office Rent
- Accounting Fees
- Taxes
- Telephone
- Legal Fees
- Administrative Labor
✔✔Other methods of Estimating - ✔✔Conceptual Estimate
Square foot method
The price per unit method
✔✔Contractor's Obligations - ✔✔- Having proper Licensure
- Securing Building permits
- ordering all materials and supplies
- finishing all labor
- completing work up to code
- completing all work according to plans
- Keeping the construction site clean
✔✔addenda - ✔✔Changes prior to the contract award
✔✔Float time - ✔✔The Time remaining after a task
✔✔superintendent - ✔✔Onsite Supervisor Responsible for the daily operations
✔✔foreman - ✔✔Assist the superintendent in the daily project operations
✔✔Dailey Reports - ✔✔Contractors find that keeping a daily log is a useful project tool.
Tracks the progress of a project
✔✔Status Reports - ✔✔Summary of project highlights that address items completed, in
progress, and outstanding.
✔✔Just-in-time (JIT) - ✔✔Keep inventory cost low. Time Deliveries to arrive as you
need them in the construction process.
✔✔purchase order - ✔✔a written order by a buyer for merchandise or other property
specified in the purchase requisition
✔✔Budget Tracking - ✔✔Use Cost Estimate and a job cost system to determine if you
have and cost overruns.
QUESTIONS AND ANSWERS SURE A+
✔✔Effective Selling Skills - ✔✔Maintain Good Contact
Be attentive
Keep an open mind
Dont interupt
Ask clarifying questions
Put yourself in the shoes of the other person
Pay attention t body language
✔✔Presentation materials - ✔✔-Company info Sheet
-Brochures
-Business cards
-Past customer Testimonials
-Warranty information
- Photographs of past projects
✔✔Estimating process - ✔✔- Company resources and type of work
- Site Considerations
- Location and Cost Effectiveness
- Risk Assessment
- Profitability of Project
✔✔Quantity take off method - ✔✔Method of estimating
- Subcontractor Fees
- Labor Burden
- Project overhead Costs
- Project equipment
- Contingencies
- Allowances
- Company Overhead
-Profit
✔✔Labor Burden - ✔✔- Medicare and Social Security
- Federal unemployment Insurance
- Workers Compensation
- Liability insurance
- State unemployment insurance
- Company Benefits
✔✔Project Overhead - ✔✔- Bonds
- Temporary Storage
- Temporary office
- Security Guard
, - utilities
- Dumpsters
- Portable toilets
✔✔Company Overhead - ✔✔- Office Rent
- Accounting Fees
- Taxes
- Telephone
- Legal Fees
- Administrative Labor
✔✔Other methods of Estimating - ✔✔Conceptual Estimate
Square foot method
The price per unit method
✔✔Contractor's Obligations - ✔✔- Having proper Licensure
- Securing Building permits
- ordering all materials and supplies
- finishing all labor
- completing work up to code
- completing all work according to plans
- Keeping the construction site clean
✔✔addenda - ✔✔Changes prior to the contract award
✔✔Float time - ✔✔The Time remaining after a task
✔✔superintendent - ✔✔Onsite Supervisor Responsible for the daily operations
✔✔foreman - ✔✔Assist the superintendent in the daily project operations
✔✔Dailey Reports - ✔✔Contractors find that keeping a daily log is a useful project tool.
Tracks the progress of a project
✔✔Status Reports - ✔✔Summary of project highlights that address items completed, in
progress, and outstanding.
✔✔Just-in-time (JIT) - ✔✔Keep inventory cost low. Time Deliveries to arrive as you
need them in the construction process.
✔✔purchase order - ✔✔a written order by a buyer for merchandise or other property
specified in the purchase requisition
✔✔Budget Tracking - ✔✔Use Cost Estimate and a job cost system to determine if you
have and cost overruns.
