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Exam (elaborations)

NASCLA Contractor's Guide 2026/2027 | Exam Prep

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NASCLA Contractor's Guide 2026/2027 | Exam Prep

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A Contractors
NASCLA Guide.pdf@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Contractor's Guide, NASCLA Contractors Guide.pdf@@@@@@NASCLA Contractor's Guide, NASCLA Contractors Guid




NASCLA Contractor's Guide, NASCLA
Contractors Guide
Name the elements of a business plan
-cover page
-executive summary
-company summary
-products and services
-market analysis
-marketing strategy
-financial plan


advantages of sole proprietorship
-minimal legal restrictions
-simple ownership form
-low start up costs
-sole ownership of profits
-freedom in decision making process


disadvantages of sole proprietorship
-unlimited personal liability
-less available capital
-possible difficulty obtaining long-term financing
-dissolution of the business on the even of the owner's death


who has limited liability in the company?
limited partners


advantages of a general partnership
-ease of formation
-direct profit rewards




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ontractor's
9/25/2026,
Guide, 3:17:54
NASCLAPMNASCLA
ContractorsContractor's
Guide.pdf@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@!!!!!!!!!!!!!!!!!!!!
Guide, NASCLA Contractors Guide.pdf@@@@@@@@@@@@@@@@@@@@@

,@@@@@@@@@@@@@@@@@@@@@!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$@
A Contractors
NASCLA Guide.pdf@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Contractor's Guide, NASCLA Contractors Guide.pdf@@@@@@NASCLA Contractor's Guide, NASCLA Contractors Guid




-larger management base than that of a sole proprietorship


disadvantages of a general partnership
-unlimited personal liability of general partners
-multiple decision makers
-limited life of the business
-changes of partners or partnership agreement may be difficult
-partnership dissolves in the event of the death of a general partner


bid documents
-invitation to bid
-bid instructions
-bid forms
-supplements


what is an invitation to bid
gives a brief overview of the project, deadlines, and general requirements


bid instructions
contain specifics of how the bis should be completed and submitted


bid forms
bid sheet
bid schedule
bidder's questionnaire on the experience
financial responsibility and capability
copy of the contract


supplements
includes all items important to the overall bid process such as property and soil
analysis




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ontractor's
9/25/2026,
Guide, 3:17:54
NASCLAPMNASCLA
ContractorsContractor's
Guide.pdf@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@!!!!!!!!!!!!!!!!!!!!
Guide, NASCLA Contractors Guide.pdf@@@@@@@@@@@@@@@@@@@@@

,@@@@@@@@@@@@@@@@@@@@@!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$@
A Contractors
NASCLA Guide.pdf@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Contractor's Guide, NASCLA Contractors Guide.pdf@@@@@@NASCLA Contractor's Guide, NASCLA Contractors Guid




what is the estimating checklist helpful for?
when setting up your estimating framework to make sure that you have
accounted for all materials and labor


what is the most effective estimating method?
quantity take off method


what is labor burden
(30% of labor cost)
medicare and social security
federal unemployment insurance
worker's compensation
liability insurance
state unemployment insurance
company benefits (health insurance, vacations)


small tools and pickup trucks are examples of?
what are indirect costs


what are allowances
items not specified in the project plans such as carpeting, fixtures, and lighting)


what are contingencies
percentages added to the estimate to protect the contractor if an unanticipated
problem occurs


what is project overhead
cost that covers items necessary to complete the project but not directly
associated with the labor and materials




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ontractor's
9/25/2026,
Guide, 3:17:54
NASCLAPMNASCLA
ContractorsContractor's
Guide.pdf@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@!!!!!!!!!!!!!!!!!!!!
Guide, NASCLA Contractors Guide.pdf@@@@@@@@@@@@@@@@@@@@@

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