What is retainage Study guides, Class notes & Summaries

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 _________? ...

regulates the building profession, including the work and licensing - Answer department of licensing and regulatory affairs Why is a builder's license required to perform residential work and not for commercial building? - Answer There is more fraud in residential building. What does a builder's license qualify the licensed builder to do? - Answer Build all of the home except for mechanical features. How long does the contractor have to complete both sections of the licensing ex...

Contractors Business Law Exam Questions and Answers, Latest Updated 2024/2025 (GRADED A+) 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....

A lump sum contract on a project has a total contract price of $200,000. Retainage has been held back at 10%. The contractor has received progress payments of 90% of the project. The contractor submits a request for the final payment for the now completed project. The final payment amount should be for A. less than 25,000$ b. between 25,000$ & 35,000$ c. between 35,000$ & 40,000$ d. more than 40,000$ Ans: c. between 35,000$ & 40,000$ A contractor agrees to unit price contract to Prod...

Contractors Business/Law Exam With 100% Correct Answers 2024. 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 with a mon...

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...

Contractors Business Law Exam Questions and Answers, Latest Updated 2024/2025 (GRADED A+) 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....

Practice Exam for CEE 4100 Test 2 Questions and Answers Actual Cost of Work Performed (ACWP) - CORRECT ANSWER-Actual work hours or dollars to date represent what has been paid Banks Evaluation - CORRECT ANSWER-Contractors = high risk, so loan only thru inventories and partially complete with high interest rate Bid estimate - CORRECT ANSWER-Contractor prepares estimate of job's cost with markup for profit Budgeted Cost at Completion (BCAC) - CORRECT ANSWER-original project estimate Budgeted...

NCIDQ IDFX Practice Exam Questions with 100% correct Answers Latest Update 2024/2025 (Verified) When does the designer transfer all warranties and manuals? - correct answer when the designer is the seller of the goods 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 ...

Contractor Construction Management Questions and Answers with Certified Solutions An administrative fine that the board can impose for engaging in business or submitting a bid without a contractors license. $1000-$50000 How many days does the employer have to furnish a W-2 if an employee requests a copy 30 Business Owners who fail to comply with Workers compensation laws may have to pay fines of up to_______ or have their business closed until the insurance has been obtained. $15000 Use tax ...