FINAL EXAM PAPER 2026 COMPLETE
ANSWERS AND STUDY GUIDE
CONSTRUCTION MANAGEMENT EDITION
◉ How long is a license valid
Answer: 2 yrs ($200 for renewal)
expire 2 yrs from the last day of the month in which it was issued
◉ License renewal years
Answer: Active: 2 yrs
Inactive: 4 yrs
◉ Surety Bond
Answer: Contractors are required to maintain a surety bond for the
benefit of CONSUMERS who may be harmed as a result of defective
construction or other license law violations, and for the benefit of
EMPLOYEES who have not been paid wages due to them