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Oregon Contractors License questions and correct answers (elaborations) with 100% accurate , verified , latest fully updated , 2024/2025 ,already passed , graded a+, complete solutions guarantee distinctions rationales| 5-star rating
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Oregon Contractors License questions and correct answers (elaborations) with 100% accurate , verified , latest fully updated , 2024/2025 ,already passed , graded a+, complete solutions guarantee distinctions rationales| 5-star rating

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  • August 5, 2024
  • 124
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • oregon contractors license

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  • Commercial Construction
  • Commercial Construction

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- ANS-"Boilerplate" is a term applied to conditions that tend to be predetermined and
automatically included in all of a business's contracts. The majority of these tend to be
disclaimers and legal protections regarding things such as mediation, arbitration, attorneys fees,
etc. Be certain to read these just as carefully because they can have a direct impact on any
legal actions that take place in the event of a problem.

- ANS-"Overlapping" of FMLA and OFLA with Workers' Compensation and ADA and Oregon
Disability Laws
When covered by more than one employment law, the employer must follow the one most
beneficial to the employee. Larger companies will be covered by both OFLA and FMLA. The
OFLA applies to employers with 25 or more employees whereas FMLA applies to employers
with 50 or more employees.

- ANS-10. Calculate Your Markup and Profit Margin


Click To Enlarge


Now you are ready to add the finishing touch - your profit. Every estimate must include a profit,
otherwise what's the point?
Things to consider for a profit that will get you business and be enough to keep you in business,
include:
Your cost estimate
The customer's needs and expectations
Local market and competition
Desired profit margin
One of the most common methods for determining the final markup and, thereby, your bid, is
cost-based pricing. The basic formula for calculating through this method is:
Cost Estimate + Overhead + Profit Markup = Bid
In our current example, we have added the first two items and arrived at $11,364.00. Now we
need to figure what we want our profit margin to be, and we have our bid.
This is where knowledge of your market can give you a true competitive edge. Bid too low and
any unforeseen delays or added expenses can rapid

- ANS-2. Add Labor Burden
Expenses related to wages or required payroll deductions and other employer obligations can
add as much as 30% to your labor costs. This is called the "labor burden".
Examples of these hidden expenses include:
Federal and state withholding (See Ch. 14)
Unemployment insurance (See Chs. 3 & 14)
Federal Insurance Contribution Act (FICA) (See Ch. 14)
Medicare and Social Security (See Ch. 14)
Workers' compensation insurance (See Chs. 3 & 14)

,Employee benefits (health care, vacation, etc.)
An employee trust benefit also can be an indirect labor cost.

- ANS-2010 Oregon Manufactured Dwelling Installation Specialty Code
Effective April 1, 2010, Oregon adopted the new Manufactured Dwelling Installation Specialty
Code (MDISC) to replace the 2002 Manufactured Dwelling and Park Specialty Code (MD&P).
The new MDISC code is based on the 2002 MD&P, U.S. Department of Housing and Urban
Development (HUD) installation standards, and national recognized manufactured Dwelling
installation standards.

- ANS-2010 Oregon Manufactured Dwelling Installation Specialty Code
Effective April 1, 2010, Oregon adopted the new Manufactured Dwelling Installation Specialty
Code (MDISC) to replace the 2002 Manufactured Dwelling and Park Specialty Code (MD&P).
The new MDISC code is based on the 2002 MD&P, U.S. Department of Housing and Urban
Development (HUD) installation standards, and national recognized manufactured Dwelling
installation standards.

- ANS-2010 Oregon Solar Installation Specialty Code
Effective October 1, 2010, the division adopted the 2010 Oregon Solar Installation Specialty
Code (OSISC), the first solar code for Oregon and the first statewide solar code in the Nation.
The Code is part of the division's overall goal to facilitate green building technologies.
The OSISC standards are for the installation of the structural components for installation,
alteration, replacement or repair of solar photovoltaic systems. The electrical requirements are
contained in the Oregon Electrical Specialty Code and reproduced in the OSISC's appendix A.

- ANS-2014 Oregon Energy Efficiency Specialty Code
Oregon has adopted a new stand-alone code to address energy issues in construction in
Oregon. The 2014 Oregon Energy Efficiency Specialty Code (OEESC) was adopted effective
July 1, 2014 with a grace period extending to October 1, 2014. This is the last code cycle where
the energy provisions will be published as a separate publication. In the following code cycles
this will be a subset of the OSSC.

- ANS-2014 Oregon Fire Code
The 2014 Oregon Fire Code is based on the 2014 ICC International Fire Code with Oregon
amendments.

- ANS-2014 Oregon Mechanical Specialty Code (OMSC)
Oregon adopted the 2014 (OMSC), which is based on the 2012 International Mechanical Code,
Oregon amendments and the 2012 International Fuel Gas Code as an appendix. The OMSC
applies to all structures not covered under the Oregon Residential Specialty Code.

- ANS-2014 Oregon Structural Specialty Code (OSSC)

,The OSSC consists of the 2011 edition of the International Building Code with Oregon
amendments, which was effective July 1, 2014 with a grace period extending to October 1,
2014.
This code applies to all structures not regulated under the Oregon Residential Specialty Code,
including the following
Commercial structures
Transient lodging, such as hotels and motels
Certain residential structures subject to licensure by the Oregon Department of Human Services
Low-rise multiple family dwellings

- ANS-2017 Oregon Electrical Specialty Code (OESC)
Oregon adopted the 2017 Oregon Electrical Specialty Code effective October 1, 2017, which is
based on the 2017 edition of the NFPA 70, National Electrical Code amendments to the 2017
NEC?? adopted Oct. 1, 2017. This code contains requirements for electrical installations.

- ANS-2017 Oregon Residential Specialty Code
Oregon adopted the 2017 Oregon Residential Specialty Code effective October 1, 2017. It is
based on the 2015 edition of the ICC International Residential Code with enhancements added
in 2017.
The plumbing and electrical chapters of the International Code are not used in Oregon. The
Oregon State Plumbing Code and the Oregon State Electrical Code apply in Oregon.
The scope of the Oregon Residential Specialty Code has been expanded to include multifamily
units and includes - with limitations - townhouses, apartments, and row houses including their
accessory structures. Row houses are covered in Appendix O of the Oregon Residential
Specialty Code.

- ANS-2017 Oregon Residential Specialty Code
Oregon adopted the 2017 Oregon Residential Specialty Code effective October 1, 2017. It is
based on the 2015 edition of the ICC International Residential Code with enhancements added
in 2017.
The plumbing and electrical chapters of the International Code are not used in Oregon. The
Oregon State Plumbing Code and the Oregon State Electrical Code apply in Oregon.
The scope of the Oregon Residential Specialty Code has been expanded to include multifamily
units and includes - with limitations - townhouses, apartments, and row houses including their
accessory structures. Row houses are covered in Appendix O of the Oregon Residential
Specialty Code.

- ANS-3. Determine Materials Costs
For materials, you want to follow a similar process to the labor estimating. Working from your
estimate framework, calculate the cost for each material item listed. This is another area where
having your historical data available will be a huge help, however, you also need to stay abreast
of the market because material costs can fluctuate dramatically based on supply and demand/
availability.

, Your suppliers are the best source for current information. They can provide either per unit or
lump-sum costs to assist your estimate. Alternatively, the U.S. Bureau of Labor & Statistics
tracks the costs of major groups of construction materials in the Producer Price Index (PPI)
program.
If you receive the costs per unit, you can apply the following formula to help determine the
expected cost for each category of material:
Price per Unit x Number of Units Needed = Total Material Unit Cost
To ensure

- ANS-4. Calculate Project Equipment
Equipment costs generally are direct costs. Equipment specific to a project, e.g., rental of a
forklift, crane, backhoe, etc., specifically for the project is a direct cost and should be added to
your estimate. Small tools and company-owned vehicles that are used regularly for jobs and not
specific to a particular project are overhead and should not be included here.
There are different ways to calculate the direct cost depending on whether you own, rent,
subcontract, or lease.

- ANS-4. Calculate Project Equipment
Owned Equipment
Begin by determining the per unit cost, considering the following factors:
Actual value of equipment (including age, depreciation, etc.)
Maintenance and operating costs (e.g., fuel)
Taxes and fees
Labor to operate (including training or licensing if applicable)
Insurance
To calculate the cost for the project:
Estimate the number of hours per year the equipment is used
Determine the annual cost to own and operate the equipment
Divide the cost by the number of hours
Then multiply the hourly rate by the number of hours expected to be needed for this project
The formula looks like this:
Cost of equipment per year / Number of hours used per year = Cost
For example, a piece of equipment cost $10,000 per year to own and maintain. You use the
equipment 1000 hours per year. Your cost is $10 per hour. On this project you determine you
will need 50 hours of use of this equipment. Y

- ANS-4. Preparing Financial Statements
Balance Sheet
Long-term Liabilities
Opposite of current liabilities, "long-term liabilities" are items, e.g., bank loans, deferred tax
payments, that are due in a time period longer than one year.

- ANS-4. Preparing Financial Statements
Balance Sheet

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