Oregon CCB 2nd Edition Exam 2023

Construction Contractors Board - ANSWER-A nine member board appointed by the Governor and confirmed by the Oregon Senate. Responsible managing Individual - ANSWER-RMI independent contractor - ANSWER-an individual or business that contracts to perform a specified activity or project Ccb license must be renewed - ANSWER-Every 2 years Advantages of a limited liability company - ANSWER-Limited disclosure of owners, no public disclosure of finances,limited documentation. LLC (Limited Liability Company) - ANSWER-An unincorporated association having one or more members. Must be filed with the secretary of state. FLSA (Fair Labor Standards Act) - ANSWER-Established minimum wages and maximum hours for all businesses with 2 or more employees and annual sales of $500,000 or more. Oregon prevailing wage rate - ANSWER-Also known as the little Davis Bacon Act. Regulates the payment of wages of work performed on public works projects in oregon. Contracts serve many purposes including - ANSWER-Determines the obligations of the agreement, outlines payment terms, limits the liability of the parties involved. Bin - ANSWER-Oregon business identification # must be obtained before becoming an employer and hiring emloyees A contractor who performs more then $2000 of services must have what - ANSWER-A written contract What does the Homebuyer protection act help protect - ANSWER-new home buyers from contruction liens that may arise before they buy the home, Activities requiring special licenses - ANSWER-Asbestos abatement, open burniing, septic installation, water well construction, lead based paint renovation. when is a written contract required in Oregon? - ANSWER-when the total contract price of the residential project exceeds $2000. True or False - ANSWER-If you have employees you must with the ccb