FLORIDA ELECTRICAL BUSINESS EXAM SCRIPT
2026 COMPLETE QUESTIONS AND
SOLUTIONS
◉ Secondary Qualifying Agent. Answer: Supervises electrical
contracting at specific sites
◉ Real Estate Depreciation. Answer: May use a straight-line or
accelerated method
◉ Notice of Commencement Extension. Answer: Written into the
notice or job duration exceeds a year
◉ Long Lead Items. Answer: Needed items identified and ordered
early for project
◉ Fair Labor Standards Act. Answer: Limits contractor's liability for
overtime pay
◉ Leasing Equipment Advantage. Answer: Reduces front-end cash
outlays for contractors
, ◉ Sling Inspection Frequency. Answer: Chains used as slings
inspected once a month
◉ Joint Venture Bidding. Answer: Requires written agreement and
approval for bidding
◉ Completed Operations Liability. Answer: Covers damages from
finished work
◉ Surety Bonding Principle. Answer: Uses indemnity to spread
losses among policy holders
◉ License/Certification Requirement. Answer: Includes number on
business proposals
◉ Cost-Plus Contract. Answer: Negotiated and open-ended contract
type
◉ Compensatory Damages Limit. Answer: Under Title VII, limited to
$250,000 for 95+ employees
◉ Payment Bond Purpose. Answer: Protects owner's property from
construction liens
2026 COMPLETE QUESTIONS AND
SOLUTIONS
◉ Secondary Qualifying Agent. Answer: Supervises electrical
contracting at specific sites
◉ Real Estate Depreciation. Answer: May use a straight-line or
accelerated method
◉ Notice of Commencement Extension. Answer: Written into the
notice or job duration exceeds a year
◉ Long Lead Items. Answer: Needed items identified and ordered
early for project
◉ Fair Labor Standards Act. Answer: Limits contractor's liability for
overtime pay
◉ Leasing Equipment Advantage. Answer: Reduces front-end cash
outlays for contractors
, ◉ Sling Inspection Frequency. Answer: Chains used as slings
inspected once a month
◉ Joint Venture Bidding. Answer: Requires written agreement and
approval for bidding
◉ Completed Operations Liability. Answer: Covers damages from
finished work
◉ Surety Bonding Principle. Answer: Uses indemnity to spread
losses among policy holders
◉ License/Certification Requirement. Answer: Includes number on
business proposals
◉ Cost-Plus Contract. Answer: Negotiated and open-ended contract
type
◉ Compensatory Damages Limit. Answer: Under Title VII, limited to
$250,000 for 95+ employees
◉ Payment Bond Purpose. Answer: Protects owner's property from
construction liens
