EXAM 2026 QUESTIONS WITH VERIFIED
SOLUTIONS
◉ The minimum number of employees that will require a contractor
to obtain workmen's compensation insurance is ? Answer: 1
employee
◉ The type of bond that guarantees that the contractor is I'll
perform the work in accordance with the contract is know as a ?
bond Answer: Performance Bond
◉ Short term project schedule is detailed explanation of the next
two weeks of construction activities and should be developed and or
reviewed by all the following except ? Answer: Architect
◉ The ? usually prepares the project schedule Answer: Project
manager
◉ In order to provide adequate control the project schedule should
be formally reviewed and updated Answer: At least once every 30
days
, ◉ A contract will not be enforced if it is ? Answer: Illegal
◉ According to the statute of frauds a contract need not be in
writing and still be enforceable in Florida if it is ? Answer: Less than
$500 in value and less than 1 year in length
◉ The ? has the duty to record and post a Notice of Commencement
to improve real property Answer: Owner
◉ A subcontractor started work on his contract with the General
Contractor on August 1 1999 The owner made the final payment to
the general contractor on September 13 1999 The latest date the
subcontractor can serve a notice to preserve his claim under the
Conatitution Lein Law is what date and when ? Answer: September
13 1999 or day before payment
◉ The type of contract we are in the contractor agrees to carry out
stipulated job in exchange for a fix some of the money is a? Contract
Answer: Lump sum
◉ When a contractor has to perform extra work for a subcontractor
he will recover the cost in the form of a? Answer: Back charge
◉ The ? Should be jointly prepared with the material and equipment
schedule Answer: Project schedule