QUESTIONSBANK | 572 QUESTIONS |
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, B ... Explanation: Heat and A/C are considered overhead costs in this question.
Overhead refers to all non-labor expenses required to operate your business.
B ... Explanation: A white colored marking usually refers to an excavation area.
B ... Explanation: Job related injuries or illnesses are covered by workers
compensation insurance.
B ... Explanation: Income statement is sometimes called the profit and loss
statement.
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2 of 572
Term
The most likely reason that a contractor loses a bid:
a. Prices from subs were not exact
b. Costs of materials were not obtains
c. 50% added profit
d. Vague specifications
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D ... Explanation: When a
B ... Explanation: Worker's
contractor gives unclear
compensation insurance premiums
specifications in his/her bid
are not included in the price of your
the contractor is more likely to
bid because the employer pays it.
lose the bid.
, B ... Explanation: Having no prior A ... Explanation: Immediately tell
track record makes it more difficult the architect that there is a missing
for a contractor to obtain a fireproof door where it is required
performance or bid bond. to be installed.
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3 of 572
Term
Which of the following does the state require for contractors to
obtain?
a. A vehicle for your business
b. Some form of insurance/bonds
c. $5,000 of minimum startup capital
d. The state doesn't necessarily require anything from contractors
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B ... Explanation: Any
A ... Explanation: By itself, a Social
construction business,
Security card is not acceptable
whether it be new or already
form of documentation for filling
established, should have some
out an I-9 form.
type of insurance or bonds.
A ... Explanation: If there are code
violations on plans then the D ... Explanation: A change order is a
contractor must report the document that can allow changes
violations and have the plans made to the contract.
corrected.
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4 of 572
Term
The typical retention, especially on public works or large jobs where
an architect is involved, would be:
a. 5% of the total job price
b. 10% of the first draw
c. 10% of the total job price
d. 25% of the total job price
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B ... Explanation: A worker must use
B ... Explanation: 10% of the
a respirator that is specific to the
first draw.
chemicals he/she uses.
B ... Explanation: Direct pressure to
A ... Explanation: Monthly. the wound will help slow/stop
bleeding.
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5 of 572
Term
Due to unforeseen complications, the contractor must increase the
contract price, therefore the contractor: