VA CONTRACTORS: GENERAL (CLASS A OR B) EXAM 2024 WITH 100% CORRECT ANSWERS

VA CONTRACTORS: GENERAL (CLASS A OR B) EXAM 2024 WITH 100% CORRECT ANSWERS Which of the following estimating methods is typically used by the architect rather than the contractor? - correct answer Conceptual estimate An agreement that calls for a contractor to be paid actual costs for labor and materials plus a fixed fee for the contractor's overhead and profit is called a... - correct answer cost plus contract Equipment needs for a project are BEST estimated by... - correct answer Calculating the number of hours or days it is needed What type of insurance is needed for a partnership to insure that the business does NOT go out of business if one partner dies? - correct answer Key man An owner hires a construction manager for a project. Which of the following is TRUE with regard to subcontractors? - correct answer The subcontractors are prime contractors What protects a contractor from risk? - correct answer Insurance An ADVANTAGE of a Critical Path Method (CPM) schedule is it... - correct answer Identifies activities that MUST be completed before other activities can occur