Law and Business 1

As part of the safety training proccess contractors supervisors are required to conduct "toolbox" or "tailgate" safety meetings. How often must these meetings be held?

which of the following items is a job-related direct cost?

What legal remedy can be pursued for non payment of funds owed to a contractor from a private job?

The most important thing to include when advertising for construction work is......

What must licensed plumbing, electrical sign, and well-drilling contractors have displayed on both sides of their commercial trucks?

What color paint is normally used to mark an excavation area?

If, during excavation, you unearth human remains or burial artifacts at a construction site, what should you do?

Of the following four items to consider when bidding, which is the most important?

which of the following would you not include in a bid?

When bidding on a home improvement contract, a contractor should include: material cost, labor cost, direct cost, permits, profit and...

What is the best reason for standardized bidding?

Which of the following would most likely place a bid out of range from the other bids submitted for a job?

Your bid on a job was accepted, but you inadvertently left out part of that job, what should you do?

What is a common pitfall in bidding?

What is not recommended if you are out bid by a lower bidder?

A contractor is bidding on a project for a homeowner. The homeowner has included several "extra" items upon which to bid. After receiving the bid, the homeowner says it is to high and asks the contractor to lower the price. What should the contractor do?

A customer wants to accept a bid but does not have enough money. A wise contract decision would be to....

When bidding on a job, what is the best way to "assess the job?"

If a contractor has a written contract based on "time and material," what should be done to cover an increase in overhead costs?

After your bid for a public works job has been accepted by the awarding authority, you recognize that you incorrectly listed one of your subcontractors. To correct your error, what should you do?

If a general contractor fails to pay a subcontractor and the general fails for bankruptcy...

You realize after completion of a job that one of your subcontractors performed poor workmanship, who is responsible?

How can contractors best control their job cost?

What is the best way to monitor labor costs?

When you lose money on a job, what is the best way to determine the source of a problem?

What is the benefit of using job cost cards?

Select the best procedure when ordering materials for a job that is in progress

When is the best time to order materials?

Large inventories should be maintained....

What is best way to know what inventory you have?

What should a contractor do, if the supplier he is purchasing material from, experiences a strike of its employees?

When dealing with suppliers, how do you open an account and establish a line of credit?

The owner calls a contractor to fix a door that fell. The contractor agrees to rehang the door. After the contractor places the door, the owner asks the contractor to paint out the scratches made on the door by the owners dog, what should the contractor do?

Which of the following is considered the most effective means to avoid a problem with your customer regarding change orders during the course of construction?

An owner makes numerous changes during the course of a job with that in mind, the contractor should.....

Which of the following ways is the least effective way to handle change orders?

Why should a contractor keep a copy of a change order?

Where do you attach a change order?

If customers have an excessive amount of change orders, how can you limit customers from having an excessive amount of change orders?

Which of the following should be part of a change order?

which of the following statements best describes the correct practice when making amendments to an existing contract?

When you get an approved set of plans from the Building Department, what should you do?

Of the following, which would be the next step after an engineer hands you a set of approved plans?

Who is responsible if an employee installs a cabinet that falls and damages the counter-top?

Work on a job ended two years ago. the owner, Mr. Jones notices some problems. Who should he contact?

What should you do if a client is unhappy with your work?

You are working on a job and you realize that the plans and specifications violate the applicable local codes? You are at a critical stage of the job. what is teh best form of action that you should take?

A customer cannot pay for the work you performed. What should you do?

A customer says you have failed to complete the remodeling job in a satisfactory manner and refuses to pay. If an arbitration clause does not appear in the original contract then....

The significance of retention is.....

If retention is withheld until substantial completion of the entire job, the subs that work on the early stages of the project can be put at a financial disadvantage. What is the best way to remedy this situation?

In most construction contracts, the retention may be held for ______ days as a guarantee that the prime pays the subcontractors and suppliers.

It is quite common in the construction industry for an owner to withhold a percentage of the total payments due to a contractor to ensure the contractor completes the job and pays his subcontractors and suppliers. Retentions are normally paid.....

The problem of retentions is greater for.....

Before you initiate the inspection process with the building department, you should.....

A contractor constructs a building exactly per approved plans only to find out during inspection, the structure does not meet code due to an error by the Building & Safety Department. Who is liable?

All work on project has been completed. A copy of the final inspection report is given to whom?

Select the best means to check to see that all phases of a job have been performed?

Which of the following is the best means to ensure that funds are readily available for a job?

Who would be responsible for cost overruns on a job that the owner agreed to, but did not sign an additional contract for the cost overruns amounting to $2,500?

When purchasing insurance, what is the best way to choose the right company?

A "builders risk insurance" policy would cover....

Which of the following is not covered by a standard contractors insurance policy?

A contractor is looking for an insurance policy to cover the high degree of exposure to risk. Of the following, which insurance policy would be best for this purpose?

The taxes for businesses are calculated..........

On what are contractors income taxes based?

If John, a prime contractor, fails to obtain a building permit prior to starting a job, he is subject to:

Whose signature must appear on an application for a building permit?

What agency can give you direction and information pertaining to local building codes and regulations?

Which of the following best describes the function of the Building Standards Codes?

Which building code should a contractor follow?