100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
General Contractor Practice Test Practice Questions and Answers (2024/2025 Edition) $12.49   Add to cart

Exam (elaborations)

General Contractor Practice Test Practice Questions and Answers (2024/2025 Edition)

 7 views  0 purchase
  • Course
  • General contractor
  • Institution
  • General Contractor

General Contractor Practice Test Practice Questions and Answers (2024/2025 Edition) 1. Which of the following should be on a written quote sheet? a. Warranty information b. Schedule of the work c. Subcontractor identifications d. Contractor license number It is not only a good business pract...

[Show more]

Preview 4 out of 49  pages

  • August 31, 2024
  • 49
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • General contractor
  • General contractor
avatar-seller
OliviaWest
©PREP4EXAMS 2024/2025 REAL EXAM DUMPS Tuesday, August 6, 2024 10,57 AM




General Contractor Practice Test Practice
Questions and Answers (2024/2025 Edition)

1. Which of the following should be on a written quote sheet?


a. Warranty information


b. Schedule of the work


c. Subcontractor identifications


d. Contractor license number


It is not only a good business practice to put your license number on all quotes

and contracts, but many states require it. Many states require the contract license

number to be stated in all advertisements, offers of services and proposals.

Providing your license number on all such communications will give your

prospective clients confidence and security in your business.


2. Contract types strongly impact how estimates are prepared. What type of

contract typically has a well-defined scope of work and set of plans?




1

,©PREP4EXAMS 2024/2025 REAL EXAM DUMPS Tuesday, August 6, 2024 10,57 AM


a. Unit Price


b. Lump Sum


c. Cost Plus


d. Time & Materials


Lump Sum contracts have a fully developed scope of work and set of plans with

detailed quantities. Unit Price contracts are used frequently in civil construction

where the scope is known, but the exact quantities are unknown. Cost Plus

contracts do not have a defined scope of work. Time and Materials contracts are

used when the scope of work is unknown but the materials costs are known.


3. How many parties Study Online Instantly

typically are there in a

bid bond?
Click to Save 50% Now

a. 1, the

contractor


b. 2, the

contractor and

owner




2

,©PREP4EXAMS 2024/2025 REAL EXAM DUMPS Tuesday, August 6, 2024 10,57 AM


c. 3, the

contractor,

owner and

surety


d. 4, the

architect,

contractor,

owner and

surety


The typical bid bond has

three parties, the contractor

(principal), the owner

(obligee) and the surety

(obligor), which is an

insurance company or bank.

A bid bond functions as a

guarantee that the

contractor who wins the bid




3

, ©PREP4EXAMS 2024/2025 REAL EXAM DUMPS Tuesday, August 6, 2024 10,57 AM


will perform the contract

terms as agreed.


4. If a subcontractor on a

construction project is

not paid, what type of

lien can be used to

enforce payment?


a. UCC

lien


b.

Mechanic's

lien


c.

Mortgage

lien


d. Tax lien




4

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller OliviaWest. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $12.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

79271 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$12.49
  • (0)
  Add to cart