100 Practice Questions for the Florida Contractors
Manual NEWEST 2026-2027 ACTUAL EXAM
COMPLETE 100 QUESTIONS AND CORRECT
DETAILED ANSWERS (VERIFIED ANSWERS)
ALREADY GRADED A+ BRAND NEW!!
A charge of age discrimination must be brought to the EEOC no later than:
A. 300 days after the alleged discrimination
B. 30 days after termination of the state administrative proceeding
C. The LATER of A or B
D. The EARLIER of A or B - CORRECT ANSWER: D. The EARLIER of A or B
5-37
A Contractor has been paid $71,837.00 on a $1,400,325.00 contract total cost. Assuming a 10%
retainage, what is the percentage of completion of this project?
A. 0.57%
B. 5.7%
C. 0.51%
D. 5.1% - CORRECT ANSWER: B 5.7%
Gross Pay= $71,837/.90 = $79,812.00 % of Completion -$79,812/$1,400,325 = 5.70%
A Contractor wants to borrow 50,000 for 1 year and the Bank will provide the funding as a
Discounted Loan at 2%. What is the amount the Contract receives at loan closing? 12.
A $50,000, discount due when paid 13.
,B $48,000, discounted immediately 14
C $52,000, full amount due at maturity 15.
D $50,000, contract pays for $2,000 at closing - CORRECT ANSWER: B $48,000, discounted
immediately 14
3-74
A contractor who knowingly makes false statements and does not comply with The Florida
Worker's Compensation Law, may, upon conviction, be punished by a fine of not more
than_____or by imprisonment for not more than ________.
A. $500.00 -1 year
B. $1,000.00 -1 year
C. $1,000.00 -3 years
D. $5,000.00 -5 years - CORRECT ANSWER: A. $500.00 -1 year
5-54
A laborer begins employment with your company in September of 1990. He quits in July of
1991. The I-9 form must be retained as a record until which of the following dates?
A. September 1991
B. September 1992
C. September 1993
D. September 1994 - CORRECT ANSWER: C. September 1993
5-58
A non-exempt hourly employee works 50 hours in a week and is given a non-discretionary bonus
of$100.His regular hourly rate is $10.00 . What is his calculated regular rate for the week?
A. $7.50
,B. $9.50
C. $10.00
D. $12.00 - CORRECT ANSWER: D. $12.00
5-21
[(50 x $10) +100] / 50 = $12.00 CM (5-21)
A normally purchased Builder's Risk policy covers all but which of the following?
A. Materials
B. Fire and Storm
C. Deeds and notes
D. Tools and materials - CORRECT ANSWER: B. Fire and Storm
4-13
A not in Privity subcontractor filed a notice to owner on February 2nd, on a job that he had
begun on February 1st. If this subcontractor files a lien on April 3rd, how many days would he
have to enforce the lien once the court clerk had certified and served a contest of lien?
a. 30
b. 45
c. 60
d. 365 - CORRECT ANSWER: c. 60
9-30
A Partnership will be dissolved if which of the following applies?
A. UnlawfuI Activity
, B. Failing to have a primary qualifying agent
C. A court decree under the partnership act
D. A and C 1-29 - CORRECT ANSWER: D. A and C 1-29
1-29
A properly registered fictitious name is valid for ________________
A. 1 year
B. 2 years
C. 3 years
D. 5 years - CORRECT ANSWER: D. 5 years
1-15
According to "The Florida Worker's Compensation Law," a determination of benefits will be
based on a calculation involving the last __________ weeks of employment.
A. 3 weeks
B. 10 weeks
C. 13 weeks
D. 52 weeks - CORRECT ANSWER: C. 13 weeks
440.14
According to the AIA documents, if the primary General Contractor defaults and the Owner files
an affidavit to take over the project, how much time do the subcontractors and material suppliers
have to file liens if the Notice to Owner is filed properly?
a. 45 days
b. 60 days
Manual NEWEST 2026-2027 ACTUAL EXAM
COMPLETE 100 QUESTIONS AND CORRECT
DETAILED ANSWERS (VERIFIED ANSWERS)
ALREADY GRADED A+ BRAND NEW!!
A charge of age discrimination must be brought to the EEOC no later than:
A. 300 days after the alleged discrimination
B. 30 days after termination of the state administrative proceeding
C. The LATER of A or B
D. The EARLIER of A or B - CORRECT ANSWER: D. The EARLIER of A or B
5-37
A Contractor has been paid $71,837.00 on a $1,400,325.00 contract total cost. Assuming a 10%
retainage, what is the percentage of completion of this project?
A. 0.57%
B. 5.7%
C. 0.51%
D. 5.1% - CORRECT ANSWER: B 5.7%
Gross Pay= $71,837/.90 = $79,812.00 % of Completion -$79,812/$1,400,325 = 5.70%
A Contractor wants to borrow 50,000 for 1 year and the Bank will provide the funding as a
Discounted Loan at 2%. What is the amount the Contract receives at loan closing? 12.
A $50,000, discount due when paid 13.
,B $48,000, discounted immediately 14
C $52,000, full amount due at maturity 15.
D $50,000, contract pays for $2,000 at closing - CORRECT ANSWER: B $48,000, discounted
immediately 14
3-74
A contractor who knowingly makes false statements and does not comply with The Florida
Worker's Compensation Law, may, upon conviction, be punished by a fine of not more
than_____or by imprisonment for not more than ________.
A. $500.00 -1 year
B. $1,000.00 -1 year
C. $1,000.00 -3 years
D. $5,000.00 -5 years - CORRECT ANSWER: A. $500.00 -1 year
5-54
A laborer begins employment with your company in September of 1990. He quits in July of
1991. The I-9 form must be retained as a record until which of the following dates?
A. September 1991
B. September 1992
C. September 1993
D. September 1994 - CORRECT ANSWER: C. September 1993
5-58
A non-exempt hourly employee works 50 hours in a week and is given a non-discretionary bonus
of$100.His regular hourly rate is $10.00 . What is his calculated regular rate for the week?
A. $7.50
,B. $9.50
C. $10.00
D. $12.00 - CORRECT ANSWER: D. $12.00
5-21
[(50 x $10) +100] / 50 = $12.00 CM (5-21)
A normally purchased Builder's Risk policy covers all but which of the following?
A. Materials
B. Fire and Storm
C. Deeds and notes
D. Tools and materials - CORRECT ANSWER: B. Fire and Storm
4-13
A not in Privity subcontractor filed a notice to owner on February 2nd, on a job that he had
begun on February 1st. If this subcontractor files a lien on April 3rd, how many days would he
have to enforce the lien once the court clerk had certified and served a contest of lien?
a. 30
b. 45
c. 60
d. 365 - CORRECT ANSWER: c. 60
9-30
A Partnership will be dissolved if which of the following applies?
A. UnlawfuI Activity
, B. Failing to have a primary qualifying agent
C. A court decree under the partnership act
D. A and C 1-29 - CORRECT ANSWER: D. A and C 1-29
1-29
A properly registered fictitious name is valid for ________________
A. 1 year
B. 2 years
C. 3 years
D. 5 years - CORRECT ANSWER: D. 5 years
1-15
According to "The Florida Worker's Compensation Law," a determination of benefits will be
based on a calculation involving the last __________ weeks of employment.
A. 3 weeks
B. 10 weeks
C. 13 weeks
D. 52 weeks - CORRECT ANSWER: C. 13 weeks
440.14
According to the AIA documents, if the primary General Contractor defaults and the Owner files
an affidavit to take over the project, how much time do the subcontractors and material suppliers
have to file liens if the Notice to Owner is filed properly?
a. 45 days
b. 60 days
