Labor contractor - Study guides, Class notes & Summaries

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... CORRECT ANSWER More than $50,000 What is the total value of current assets for an accrual basis company that has the following? Checking account cash balance is $4,800; materials inventory for ...

NYC Home Improvement Exam Latest Update 2024 Actual Exam NYC Home Improvement Exam DOB - ANSWER Department of Buildings DCA - ANSWER Department of Consumer Affairs DOT - ANSWER Department of Transportation What is home improvement? - ANSWER The construction,repair, replacement, remodleing, alteration, comversion, rehabilitation, renovation, modernization, improvement, or addition to any land or building or any part of the land or building used or designed to be used ...

Which of the following estimating methods is typically used by the architect rather than the contractor? - Conceptual estimate An agreement that calls for a contractor to be paid actual costs for labor and materials plus a fixed fee for the contractor's overhead and profit is called a... - cost plus contract Equipment needs for a project are BEST estimated by... - Calculating the number of hours or days it is needed What type of insurance is needed for a partnership to insure that the bus...

CSLB CONTRACTOR'S EXAM PRACTICE QUESTIONS AND ANSWERS LATEST UPDATE 2023-2024. Which act establishes the rights of workers to organize into unions and negotiate contracts? - Answer National Labor Relations Act of 1935 A contractor has had a problem with employees stealing tools and equipment from job sites. When conducting job interviews, may the contractor ask prospective employees about their arrest records? A. It is legal to ask prospective employees about arrests not leading to convi...

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 basis company that has the following? Checking account cash balance is $4,800; materials inventory for work-in-pro...

CLC 056 exam Analyzing Contract Costs Exam (contains 55 questions) • Here is your test result.The dots represent the choices you have made. • The highlighted questions are the questions you have missed. • Remediation Accessed shows whether you accessed those links.'N' represents links not visited and 'Y' represents visited links. The offeror customarily treats similar costs as “other direct costs” under similar circumstances The proposed cost benefits only the proposed contract work Th...

How often are FLCs required to take CA farm labor contractor exams? o :# Every two years True or False: You can sell or transfer any part of the profits of your business unless the Labor Commissioner gives written consent. o :# False. You cannot sell or transfer any parts unless you have written consent. True or False: You must not transfer your FLC federal registration certificate to anyone else. o :# True. What type of training must you provide to every crew leader, foreperson, or ot...

AFSB 152 - The Institutes Practice Exam Questions and Answers 2023 Lansing Construction Company completed major jobs including road grading, bridges, and base and paving work. Which one of the following types of contractors is Lansing? • Heavy and highway construction • General Engineering contractor • General Building contractor • Design/build contractor - Correct Answer-Heavy and highway construction The project owner for a new shopping plaza being built in Highville is the Hig...

M&A contractors include: correct answer: A = Carpentry B = Concrete D = Excavation G = Insulation Work I = Masonry J = Painting & Decorating K = Siding M = Roofing If more than one office is used for work, the branch office must be __________ correct answer: Licensed The one who obtains the residential builder's license is called a _____________ ____________ correct answer: Qualifying Officer First Offense for practicing without a license correct answer: Misdemeanor fine of ...

Principle stakeholder - initiates project, assumes risk, provides funding - Answer- Owner Protect public health, safety and welfare - Answer- AHJ - Authorities Having Jurisdiction Address planning issues, determine design program, identify codes and regulations, produce procurement and construction documents, administer construction contract, *provide QA/QC procedures* - Answer- Design Team Entity that constructs a facility. Uses management abilities to gather labor forces, subs, and ma...