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NASCLA CONTRACTOR-S GUIDE, NASCLA CONTRACTORS GUIDE QUESTIONS AND ANSWERS
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NASCLA CONTRACTOR-S GUIDE, NASCLA CONTRACTORS GUIDE QUESTIONS AND ANSWERS
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Name: Score:71 Multiple choice questions
Term 1 of 71
3 elements of a business plan
how old are you
do you have any disabilities
are you pregnant
are you married
do you have children
religion
sexual orientation
ethnicity
-ease of formation
-direct profit rewards
-larger management base than that of a sole proprietorship
-minimal legal restrictions
-simple ownership form
-low start up costs
-sole ownership of profits
-freedom in decision making process
-cover page
-executive summary
-company summary
-products and services
-market analysis
-marketing strategy
-financial plan
,Term 2 of 71
what do contractors give to homeowners of homes that are pre-1978
diy home improvement guide
home renovation ideas brochure
lead paint removal discount coupon
protect your family from lead in your home pamphlet
Term 3 of 71
1099 Requirements
Reporting payments of $600 or more to independent contractors
Providing retirement benefits to employees
Issuing w-2 forms to employees
Paying taxes on behalf of employees
Term 4 of 71
what is an invitation to bid
generally prepared by the architect using cost models from previous projects
applied to the direct cost of the project
cost that covers items necessary to complete the project but not directly associated with
the labor and materials
gives a brief overview of the project, deadlines, and general requirements
Term 5 of 71
shows the activity duration and sequence of tasks to be completed
bar chart scheduling
punch list
change order
calendar
,Term 6 of 71
a written agreement between the owner and contractor to change the contract
insurance policy
change order
modification
addendum
Term 7 of 71
when is OSHA form 300 not required?
when the workplace is not hazardous
when there are fewer than 10 employees
when all employees are trained in first aid
when the company is publicly traded
Term 8 of 71
what are allowances
specific instructions for project execution
items not specified in the project plans such as carpeting, fixtures, and lighting)
financial penalties for delays in project completion
additional funds allocated for unexpected expenses like labor costs
Term 9 of 71
how long must you keep immigration and I-9 forms?
3 years after the date of hire
1 year after the date of hire
5 years after the date of hire
indefinitely
, Term 10 of 71
how long do you keep OSHA 300?
3 years
2 years
30 days
5 years
Term 11 of 71
FLSA criminal penalties
1st offense, fine up to $10k; 2nd imprisonment
mandatory counseling for repeat offenders
no penalties for violating flsa
community service for first offense
Term 12 of 71
I-9 form requirements
Requires payment of prevailing wages on federally-financed or assisted projects.
3 years after the date of hire
Within 3 days of hire; kept for 3 years after hire or 1 year after employment ends
(whichever is later)
Reporting payments of $600 or more to independent contractors
Term 13 of 71
lump sum contract
contractor agrees to complete the project for a predetermined, specified price
contractor has no obligations to finish the project
contractor is responsible for project delays
contractor can charge any amount at any time
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