ch.4 What is Insurance?
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a protective measure in which coverage is obtained for a specific risk
through a contract
ch. 7 what are other methods of estimating?
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-conceptual estimate
-square-foot method
-unit price method
,ch.8 what is a unit-price contract?
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used for jobs where the extent of work cannot be fully determined or
quantities of materials cannot be accurately calculated.
ch.15 what is Circular E and how long should you keep records of employment taxes?
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instructions on calculating, with holding and depositing employee taxes.
tax records of employees should be kept for 4 years
ch.8 what is a lump-sum contract?
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the contractor agrees to complete the project for a predetermined,
specified price.
ch.16 what is an offer of settlement?
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either party may serve this after the lawsuit is filed to foreclose on the lien.
the party that is currently winning is considered the prevailing (winning)
, party and they get the award of costs and attorney fees. if both parties are
equal then no one wins and both pay.
Ch.2 Joint venture
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an agreement between two or more companies to share a business project
ch.7 What is the quantity take-off method in determining estimation costs?
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(most accurate) you individually estimate units of materials and labor for
each task you listed in your estimating framework.
ch.9 what is the bar chart scheduling method?
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shows the activity duration and sequence of tasks to be completed.
ch.11 what is the fair labor standards act (FLSA)
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Give this one a try later!
a protective measure in which coverage is obtained for a specific risk
through a contract
ch. 7 what are other methods of estimating?
Give this one a try later!
-conceptual estimate
-square-foot method
-unit price method
,ch.8 what is a unit-price contract?
Give this one a try later!
used for jobs where the extent of work cannot be fully determined or
quantities of materials cannot be accurately calculated.
ch.15 what is Circular E and how long should you keep records of employment taxes?
Give this one a try later!
instructions on calculating, with holding and depositing employee taxes.
tax records of employees should be kept for 4 years
ch.8 what is a lump-sum contract?
Give this one a try later!
the contractor agrees to complete the project for a predetermined,
specified price.
ch.16 what is an offer of settlement?
Give this one a try later!
either party may serve this after the lawsuit is filed to foreclose on the lien.
the party that is currently winning is considered the prevailing (winning)
, party and they get the award of costs and attorney fees. if both parties are
equal then no one wins and both pay.
Ch.2 Joint venture
Give this one a try later!
an agreement between two or more companies to share a business project
ch.7 What is the quantity take-off method in determining estimation costs?
Give this one a try later!
(most accurate) you individually estimate units of materials and labor for
each task you listed in your estimating framework.
ch.9 what is the bar chart scheduling method?
Give this one a try later!
shows the activity duration and sequence of tasks to be completed.
ch.11 what is the fair labor standards act (FLSA)
Give this one a try later!
