Va Contractor's License Quiz 2 UPDATED ACTUAL Questions and
CORRECT Answers
A guarantee to construct the project in accordance with
What is a bid?
the bid documents for a quoted price
Employees who are fired for filing an OSHA complaint
30 days
have to notify OSHA.
3
To obtain the best price for materials you should obtain at Getting too many bids is a waste of time, but getting too
least how many bids? few bids makes it diflcult to determine whether you are
getting a good deal
Contingency fee
Expressed as a percent, should be added to an estimate to
cover any errors, oversights, and unexpected costs, such
Which costs should ALWAYS be included in the estimate? as special delivery of materials, unplanned overtime, or
equipment breakdowns. Equipment rentals, site prepara-
tion and excavating, and subcontracts should be known
and may not be part of all contracts.
What information do project documents ALWAYS provide? Specifications
A contract is a binding agreement between two or more
What is a contract? persons, a summary of what has been agreed upon, and
provides a legal obligation to perform in a certain manner.
What action is essential before signing a contract? Read and understand the contract
Written agreements prevail over oral agreements
Which of the following is an established legal guideline
Handwritten over printed agreements, and words over
for contracts?
numbers.
None of these:
Change alters the price of the contract by less than $250
A verbal agreement can modify a residential construction
There is an impartial witness to the verbal agreement
contract in which one of the following situations?
Under Virginia contract law all residential construction
contracts must be in writing and must contain a provision
, stating that ALL changes must be in writing and signed by
both parties.
What type of contract provides for starting the project
Fast-Track Construction
before all the plans are complete?
The owner disputes a claim filed by the contractor for
additional money and the claim is not safety related. What Continue the work
is the proper course of action by the contractor?
Which type of contract guarantees completion for a fixed
. Lump-Sum
price?
A PERCENTAGE OF THE AMOUNTS DUE TO THE CONTRAC-
TOR HELD BY THE OWNER PENDING SATISFACTORY COM-
PLETION OF THE PROJECT
What is retainage?
Retainage is a certain percentage of the payment retained
by the customer to ensure satisfactory completion of the
project, and it is often the final payment.
PROJECT MANAGER
Among the contractor's basic responsibilities is to ensure
that the project is completed as specified by paying atten-
Who is responsible for project management?
tion to the project at all times. The architect and contractor
have only limited responsibilities to the project, and the
owner has assigned the responsibilities to the contractor.
What is the primary function of scheduling? Designate where each activity fits into the project plan
PROCESS OF IDENTIFYING EACH CRITICAL TASK AND DE-
TERMINING HOW LONG EACH TASK WILL TAKE
When planning and scheduling, the project manager de- A critical task is one that must be completed before an-
velops a critical task analysis, which is the ? other is started. The critical task analysis identifies these
critical tasks, determines how long each will take, and
schedules appropriately.
2/6
CORRECT Answers
A guarantee to construct the project in accordance with
What is a bid?
the bid documents for a quoted price
Employees who are fired for filing an OSHA complaint
30 days
have to notify OSHA.
3
To obtain the best price for materials you should obtain at Getting too many bids is a waste of time, but getting too
least how many bids? few bids makes it diflcult to determine whether you are
getting a good deal
Contingency fee
Expressed as a percent, should be added to an estimate to
cover any errors, oversights, and unexpected costs, such
Which costs should ALWAYS be included in the estimate? as special delivery of materials, unplanned overtime, or
equipment breakdowns. Equipment rentals, site prepara-
tion and excavating, and subcontracts should be known
and may not be part of all contracts.
What information do project documents ALWAYS provide? Specifications
A contract is a binding agreement between two or more
What is a contract? persons, a summary of what has been agreed upon, and
provides a legal obligation to perform in a certain manner.
What action is essential before signing a contract? Read and understand the contract
Written agreements prevail over oral agreements
Which of the following is an established legal guideline
Handwritten over printed agreements, and words over
for contracts?
numbers.
None of these:
Change alters the price of the contract by less than $250
A verbal agreement can modify a residential construction
There is an impartial witness to the verbal agreement
contract in which one of the following situations?
Under Virginia contract law all residential construction
contracts must be in writing and must contain a provision
, stating that ALL changes must be in writing and signed by
both parties.
What type of contract provides for starting the project
Fast-Track Construction
before all the plans are complete?
The owner disputes a claim filed by the contractor for
additional money and the claim is not safety related. What Continue the work
is the proper course of action by the contractor?
Which type of contract guarantees completion for a fixed
. Lump-Sum
price?
A PERCENTAGE OF THE AMOUNTS DUE TO THE CONTRAC-
TOR HELD BY THE OWNER PENDING SATISFACTORY COM-
PLETION OF THE PROJECT
What is retainage?
Retainage is a certain percentage of the payment retained
by the customer to ensure satisfactory completion of the
project, and it is often the final payment.
PROJECT MANAGER
Among the contractor's basic responsibilities is to ensure
that the project is completed as specified by paying atten-
Who is responsible for project management?
tion to the project at all times. The architect and contractor
have only limited responsibilities to the project, and the
owner has assigned the responsibilities to the contractor.
What is the primary function of scheduling? Designate where each activity fits into the project plan
PROCESS OF IDENTIFYING EACH CRITICAL TASK AND DE-
TERMINING HOW LONG EACH TASK WILL TAKE
When planning and scheduling, the project manager de- A critical task is one that must be completed before an-
velops a critical task analysis, which is the ? other is started. The critical task analysis identifies these
critical tasks, determines how long each will take, and
schedules appropriately.
2/6
