Questions and answers 2025
If .contractor .will .be .doing .business .as .a .different .name .than .the .contractors
.legal .name, .the .contractor .must... .- .ANS✓✓-attach .to .the .license .application .a
.certificate .of .assumed .name .filed .and .stamped.
Who .stamps .the .certificate .of .assumed .name .- .ANS✓✓-Minnesota .secretary .of
.state
For .business .entities, .if .the .doing .business .name .is .different .than .the .legal
.name .of .the .business .entity .or .it .does .not .include .each .partners .full .name, .the
.contractor .must... .- .ANS✓✓-submit .a .certificate .of .assumed .name .with .the
.contractors .licensing .application
You .must .notify .the ...... .of .any .change .in .personal .name, .trade .name, .address,
.or .business .location .not .later .than .... .days .after .the .change .- .ANS✓✓-
Commissioner, .15 .days
License .application .is .sent .to... .- .ANS✓✓-(DLI) .Department .of .labor
The .company .must .have .a ..... .who .is .an .individual .who .fulfills .the .examination
.and .education .requirements .for .licensure .on .behalf .of .the .licensee .- .ANS✓✓-
qualifying .person
The .qualifying .person .in .a .____ .must .be .a:
A. .Individual .proprietorship;
B. .Partnership;
C. .LLC;
D. .Corporation; .- .ANS✓✓-A. .Partner .or .managing .employee
B. .Partner .or .managing .employee
C. .chief .manager .or .managing .employee
D. .chief .executive .officer .or .managing .employee
A .person .may .be .a .qualifying .person .for .more .than .one .company .if; .- .ANS✓✓-
-there .is .25% .common .ownership .of .companies .(but .the .qualifying .person
.doesn't .need .to .be .the .one .holding .25% .of .it)
-the .individual .meets .the .requirements .listed .above .for .each .company
.(managing .employee .of .both)
, A .contract .is; .- .ANS✓✓-legally .enforceable .agreement .to .do .(or .not .to .do) .a
.specific .thing. .The .traditional .process .is .a .direct .relationship .between .the
.owner .and .the .contractor .who .manages .the .project .through .subcontractors.
Are .Oral .Contracts .valid .in .the .construction .industry? .- .ANS✓✓-NO
Are .written .contracts .required .by .law? .- .ANS✓✓-Yes
Priorities .that .prevail .in .a .contract;
a. .Specific .over
b. .Handwritten .over
c.Typed .over
d. .Words .over
e. .Specifications .over .- .ANS✓✓-a. .general .provision
b. .typed .provision
c. .printed .provision
d. .numbers
e. .drawings
prime .contractor .is .working .for .___ .and .subcontractor .is .working .for .___ .- .ANS
✓✓-Owner, .prime .contractor
A .contract .must .be .in .writing .- .ANS✓✓-True
What .must .be .in .a .contract .- .ANS✓✓-1. .A .detailed .summary .of .services .to .be
.performed
2. .A .description .of .the .specific .materials .to .be .used .or .a .list .of .standard
.features .to .be .included. .
3. .A .total .contract .price .or .descriptions .of .the .basis .on .which .the .price .will .be
.calculated.
Letter .of .intent .is .not .enforceable .- .ANS✓✓-True
In .a .contract .are .before .the .deal, .the .only .document .after .the .deal .is .make .is
.the ..... .- .ANS✓✓-written .change .order
Use .Caution .when .using .contracts .online. .MN .has .unique .codes. .It .should .be
.reviewed .by .an .attorney .- .ANS✓✓-True
Whats .the .basic .function .of .insurance .- .ANS✓✓-to .reduce .exposure .to .loss
.due .to .risk
General .Liability .must .have .at .least: .- .ANS✓✓-1. .$100,00 .per .occurrence
2. .$300,000 .aggregate .limit .for .bodily .injury
3. .Property .damage .insurance .of .at .least .$25,000 .or .$300,000
Each .licensee .shall .maintain .on .file .with .the ._____ .a .certificate .evidencing .the
.insurance .- .ANS✓✓-commissioner