Exam (elaborations)
NASCLA CONTRACTORS GUIDE TEST 2 QUESTIONS AND ANSWERS
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NASCLA CONTRACTORS GUIDE TEST 2 QUESTIONS AND ANSWERS
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Name: Score:82 Multiple choice questions
Definition 1 of 82
contractor also obtains financing and land
Turnkey
Budget And Cost Controls
Construction Management
Bond
Definition 2 of 82
Any material supplier
Determining Estimated Costs
If changes are made to a bid package before it is due
Licensing Requirements: Exemptions
Named Peril Builders' Risk Insurance
Definition 3 of 82
Addenda
Final adjustments made after contract execution
Revisions to the project scope after bidding
Amendments that occur during project execution
Changes prior to the contract award are called
,Definition 4 of 82
occur when you exceed budgeted amounts in your estimate
A Tax Break
An Economic Stimulus Package
Cost Overruns
Quantity Take-off
Definition 5 of 82
Job cost system
Unit Costs
Budget And Cost Controls
Budget Tracking
Recovery Fund
Definition 6 of 82
Personal comments should not be made in the daily report
Identifying the Critical Path
Disadvantage of a Sole Proprietorship
Tracking the Progress of the Project
Types of Bonds
Definition 7 of 82
report it within 8 hours
Types of Bonds
Fatalities and Hospitalizations
Fast-track Construction
Hazardous Substances
,Definition 8 of 82
Single contract - $120,000 or more
12-month - $750,000 or more
Class A
Penalties OSHA Enforcement
Single Prime
Changes
Definition 9 of 82
one or more employees
federal minimum wage $7.25 per hour
overtime compensation of one-and-one-half-times the regular rate
National Defense Authorization Act (ndaa)
Family and medical leave act (fmla)
Fair Labor Standards Act (FLSA)
Equal pay act (epa)
Definition 10 of 82
Net worth
License Renewals
Identity and Employment eligibility
License classes are determined by
The ADA applies to people with
, Definition 11 of 82
prevailing wage rates
federally-financed
construction
Fair Labor Standards Act
Miller Act
Davis-Bacon Act
Equal Pay Act
Definition 12 of 82
covers your business and personal property
Homeowners Insurance
Property Insurance
Liability Insurance
General Liability
Definition 13 of 82
workweek is a period of 168 hours during 7 consecutive 24-hour periods
not average two or more workweeks
The Accounting Cycle
License Renewals
Workweek Defined under FLSA
Fatalities and Hospitalizations
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