NASCLA Exam Study Guide Exam Questions With 100% Correct Answers

NASCLA Exam Study Guide Exam Questions With 100% Correct Answers A limited partners liability is limited to what amount? - answerTo the amount they invest in A contracts license is required for any contract greater than what? - answer$30,000 When and where should you display your license? - answerAt your place of business and it should be displayed at all times Change of address must be reported within... - answer30 days When does your contractor license expire? - answerDecember 31st Is auto liability covered by contractors general liability? - answerNo Who pays for workers compensation? - answerEmployer If you are a sole proprietor, partnership, or LLC you are required by law to carry workers compensation if you have more than how many employees? - answerMore than 3 employees The Miller Act requieres that all federal projects must be bonded if they exceed what amount? - answer$100,000 What is the most accurate method of estimating? - answerThe take off method is the most accurate way to estimate