With Accurate Answers 100% Correct
What insurance covers injuries to workers employeed at the job-site? - ANSWER
Workers Compensation
A contractor who has more than 10 employees must maintain records of. - ANSWER all
work related injuries and illnesses, regardless of how minor.
The subcontractors agreement clause which states that " a subcontractor binds
themselves to the contractor for the performance of the subcontractors work in the
same manner as the contractor is bound to the owner for such performance under
contractor's contract with the owner." is known as - ANSWER flow down clause
The most accurate method of estimating is. - ANSWER detail survey method or quantity
take off method
The most difficult thing to estimate when preparing a bid is. - ANSWER labor
If a contract is ambiguous, it goes against whom? - ANSWER the person who wrote it
Why would the owner withhold 10% from each progress payment? - ANSWER Retainage
Which document is signed by the Owner, Architect/Engineer and the Contractor
informing the Contractor to change the agreement terms and conditions? - ANSWER
change order
What is 2/10 Net 30 - ANSWER 2% discount can be deducted if paid within 10 days of the
invoice date. Full payment due in thirty days.
, Changes made to the bid documents after they have been distributed, but before bids
are received - ANSWER Addenda
During what phase in a job should construction site drainage first be considered? -
ANSWER before bidding the job
What document reflects revenues, costs, and expenses of a business for a specific
period of time? - ANSWER income statement
Listed below are injuries and illnesses that are recordable. Which of the following are
NOT required to be reported to OSHA by the employer - ANSWER treating injuries with
wound coverings such as bandages or band-aids
What is the maximum fine that can be issued by OSHA - ANSWER $70,000
An employer shall provide all of the following EXCEPT: - ANSWER manual defibrillator
When and where does OSHA form 300A, summary of work-related injuries & illnesses,
need to be posted? - ANSWER February 1 - April 30 and accesible to all employees at
the jobsite
On the jobsite, a worker finds what he thinks is asbestos. What should he do? ANSWER
stop work, report the location to supervisor, wait for a qualified person to remove
asbestos
A carpenter accidentally drops a hammer from a rood and hits and injures a curious
bystander. What type of insurance would pay for the victim's medical expenses?
ANSWER Liability
Comprehensive general liability will NOT cover which of the following? - ANSWER
Damages or loss of the contractors property.