VA Contractors General (Class A or B)
questions and answers
Which of the following estimating methods is typically used by the architect rather
than the contractor? - 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... -
cost plus contract
Equipment needs for a project are BEST estimated by... - 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? - Key man
An owner hires a construction manager for a project. Which of the following is
TRUE with regard to subcontractors? - The subcontractors are prime contractors
What protects a contractor from risk? - Insurance
An ADVANTAGE of a Critical Path Method (CPM) schedule is it... - Identifies
activities that MUST be completed before other activities can occur
, VA Contractors General (Class A or B)
questions and answers
What may be covered by an allowance in a contract? - Light fixture costs
Which of the following is considered ethical behavior? - Failing to disclose one
subcontractor's bid to another
Compensation paid to independent contractors is reported on Form... - 1099
The BEST business practice for special-ordered materials is to... - put the order
requirements in writing
A contract refers to an insurance agreement that the contractor is REQUIRED to
have. This is considered... - Part of the contract
Records of an employee's exposure to hazardous materials MUST be kept a
MINIMUM of how many years? - 30 years
AT LEAST how often should employees watch for possible hazards at the job site? -
constantly
questions and answers
Which of the following estimating methods is typically used by the architect rather
than the contractor? - 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... -
cost plus contract
Equipment needs for a project are BEST estimated by... - 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? - Key man
An owner hires a construction manager for a project. Which of the following is
TRUE with regard to subcontractors? - The subcontractors are prime contractors
What protects a contractor from risk? - Insurance
An ADVANTAGE of a Critical Path Method (CPM) schedule is it... - Identifies
activities that MUST be completed before other activities can occur
, VA Contractors General (Class A or B)
questions and answers
What may be covered by an allowance in a contract? - Light fixture costs
Which of the following is considered ethical behavior? - Failing to disclose one
subcontractor's bid to another
Compensation paid to independent contractors is reported on Form... - 1099
The BEST business practice for special-ordered materials is to... - put the order
requirements in writing
A contract refers to an insurance agreement that the contractor is REQUIRED to
have. This is considered... - Part of the contract
Records of an employee's exposure to hazardous materials MUST be kept a
MINIMUM of how many years? - 30 years
AT LEAST how often should employees watch for possible hazards at the job site? -
constantly
