What is retainage Study guides, Class notes & Summaries

NCIDQ IDFX Exam Questions with 100% correct Answers Latest 2024/2025 (Verified) when goods are shipped FOB destination, who has the title to them while in transit? - correct answer the seller when goods are shipped FOB factory, who has the title to them while in transit? - correct answer the buyer (transfer when goods leave the manufacturer/seller) what is involved in the parameter method of costing? - correct answer an expanded itemization of construction quantities and furnishings and ass...

Contractors Business/Law Exam Questions And Answers If an employer's Federal Payroll Tax liability is $1000 how may they pay taxes? - ANS quarterly How many employees does it take for the Fair Labor Act to be applied? - ANS 1 What accounting method records income when the service occurs and expense when they are incurred? - ANS Accrual Method What do the General Conditions of a contract do? - ANS Outline roles of the owner, architect, and engineer. You are purchasing...

Contractors Business Law Exam Questions and Answers, Latest Updated 2024/2025 (GRADED A+) How many employees does it take for the Fair Labor Act to be applied? (Ans- 1 What accounting method records income when the service occurs and expense when they are incurred? (Ans- Accrual Method What do the General Conditions of a contract do? (Ans- Outline roles of the owner, architect, and engineer. You are purchasing an insurance policy with a monthly premium of $300. If you implement a safety ...

Contractors Business/Law Exam Questions and Answers 100% Pass If an employer's Federal Payroll Tax liability is $1000 how may they pay taxes? quarterly How many employees does it take for the Fair Labor Act to be applied? 1 What accounting method records income when the service occurs and expense when they are incurred? Accrual Method What do the General Conditions of a contract do? Outline roles of the owner, architect, and engineer. You are purchasing an insurance policy wit...

If an employer's Federal Payroll Tax liability is $1000 how may they pay taxes? (Ans- quarterly How many employees does it take for the Fair Labor Act to be applied? (Ans- 1 What accounting method records income when the service occurs and expense when they are incurred? (Ans- Accrual Method What do the General Conditions of a contract do? (Ans- Outline roles of the owner, architect, and engineer. You are purchasing an insurance policy with a monthly premium of $300. If you im...

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 prop...

A business must meet the requirement of the Fair Labor Standards Act when there are more than how many employees? correct answers 1 What is the primary purpose of ventilating unconditioned spaces? correct answers to control moisture Oxygen cylinders shall be stored where? correct answers separate from fuel gas cylinders by a minimum of 20' Which of the following is included in a company's general overhead costs? correct answers the company's administrative expenses What size diame...

NASCLA Sample Exam Questions With 100% Correct Answers Which of the following is included in a company's general overhead costs? Performance Bonds Withholding Taxes Costs for equipment purchase and rentals The company's administrative expenses - answerThe company's administrative expenses What is the purpose of ventilating unconditioned spaces? To control moisture Dehumidification Control oxygen levels Temperature Control - answerTo control moisture Oxygen Cylinders shall be store...

VA Contractors: General VA Advanced (Class A) Exam 2024 Actual Questions with Verified Answers, 100% Guarantee Pass A lump sum contract on a project has a total contract price of $160,000. Retainage has been held back at 10%. The contractor has received progress payments for 75% of the project. The contractor submits a request for final payment for the new completed project. The final payment amount should be for... - More than $50,000 What is the total value of current assets for an accrual bas...

NASCLA PSI EXAM PRACTICE QUESTIONS WITH VERIFIED SOLUTIONS FOB freight prepaid requires __________ to pay for shipping charges Seller 14-12 Which of the following is not a member of the supervisory team? Project manager 9-7 __________ scheduling consists of dates, delivery dates, payment schedule and vacations. It is a simplified method. Calendar 9-3 When working in dwelling that was built prior to 1978, the employer is to provide each occupant with a pamphlet title _________? ...