Retainage - Study guides, Class notes & Summaries

CEE 4100 Test 2 Questions And Answers Cash flow projection - ANS-projection of income and expenses during project life, based on time scheduling Progress Payments - ANS-flow of money from owner to contractor Contractor prepares monthly progress claim (bill), Owner evaluates and pays & keeps retainage from each (until billings = 50% of total) Lump Sum - ANS-percentage of total contract completion Unit Price - ANS-actual field measurements of work completed Expenditure Schedule - ANS-Pro...

NASCLA Test 1 Exam Questions and Answers, Latest Update 2024/2025 (Graded A+) Benchmarking Tool 2. Select two standard components of a business plan: answer- 1. Marking Strategy 2. Executive Strategy 3. is the biggest drawback of a sole proprietorship.: answer- Unlimited Personal Liability 4. If you are a sole proprietor and complete work under a name that is not your NASCLA Test 1 Exam Questions and Answers | Latest Update 2024/2025 | Graded A+ 2 / 8 own, you would be required to file...

443-health management stipulated sum sole prime general contract - correct answer-work is clearly defined in the contract documents and is done for a fixed, agreed upon amount of money. consequential damages - correct answer-indirect losses that result from wrongdoing by one party joinder - correct answer-The uniting of parties or claims in a single lawsuit binding arbitration - correct answer-process whereby a neutral party hears arguments from two opposing sides and makes a decision tha...

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...

AIC Study Guide Final Exam Questions & Answers 2024/2025 1. A project schedule has been updated. The activity placement of spread footing concrete was originally scheduled to begin as early as day 10. The activity duration is 4 days. The actual start day was day 12. The original schedule had calculated total float of 7 days for this activity. The recalculated total float for the activity, when updated, would be - ANSWERS5 Days 2. The purpose of retainage is to encourage the general contr...

CNST 302 Test 2 - Questions and Answers Prime contractors can obtain sets of bidding documents from these sources except _____. a)Plan center b)Plan room c)On-line library d)Sweets e)Dodge Reports f)Owner g)A-E The amount of profit a bidder includes is a factor of a)Extent of perceived risk b)Level of expected competition c)Project duration d)The particular client e) All of the above One of the current trends in risk management is towards centralized control of all project insurance. True Why ...

AIC Exam Questions And Answers (Verified And Updated) 1. A project schedule has been updated. The activity placement of spread footing concrete was originally scheduled to begin as early as day 10. The activity duration is 4 days. The actual start day was day 12. The original schedule had calculated total float of 7 days for this activity. The recalculated total float for the activity, when updated, would be... A. 2 days B. 5 days C. 6 days D. 9 days B. 5 Days 2. The purpose of retain...

NASCLA Test 1 Exam Questions and Answers | Latest Update 2024/2025 | Graded A+. 1. and are two essential parts to a business plan: answer- 1. Planning Tool 2. Loan Document 3. Investor Document 4. Benchmarking Tool 2. Select two standard components of a business plan: answer- 1. Marking Strategy 2. Executive Strategy 3. is the biggest drawback of a sole proprietorship.: answer- Unlimited Personal Liability 4. If you are a sole proprietor and complete work under a name that is not your ...

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 _________? ️ Protect your family from lead in your home 12-14...

1. FOB freight prepaid requires __________ to pay for shipping charges. A. Contractor B. Buyer C. Seller D. Subcontractor - Answer Seller 2. Which of the following is not a member of the supervisory? A. Foreman B. materials expediter C. Owner's representative D. Project manager - Answer Project Manager3. __________ scheduling consists of dates, delivery dates, payment schedule and vacations. It is a simplified method. A. Calendar B. Bar chart C. Gantt - Answer Calendar 4. Whe...