Florida Certified General Contractor (CGC) Contract
Administration Exam ACTUAL Exam ALL QUESTIONS
AND CORRECT ANSWERS||BRAND NEW!!
Oral Construction Contracts - ANSWER-If capable of
being performed within 1 year are enforceable. Purchase
and sale of materials only of a value of less than $500 are
enforceable.
Square Foot Method - ANSWER-based on cost per square
foot. Not recommended for prime or lump sum contracts.
Control of Job Progress - ANSWER-A) Planning the
approach to the lot before it commences.
,B) awarding subcontracts and material purchase orders at
the lowest obtainable price.
C) providing competent field supervision for the project.
D) obtaining timely reports of problems encountered which
require management attention.
E) obtaining periodic reporting of costs incurred and
revising estimated job profit.
F) submitting monthly requisition (billings) to the owner
and making disbursements to vendors and subcontractors.
subcontractor - ANSWER-any business entity providing
labor and material on the project site.
, Substantial completion - ANSWER-When the project
reaches a state where sufficiently complete to allow the
owner to occupy it but not necessarily finally accept it.
Retainage reduces from 10% to 5%.
Schedule of Values (Cost Breakdown) - ANSWER-A
schedule prepared by the contractor showing how the
contract sum is divided among the various divisions of
work, which is filed before work is started. Architects use
this as a basis for approving applications for payment and
waivers. Should be accurate and kept up to date,
reflecting any changes in the contract.
Administration Exam ACTUAL Exam ALL QUESTIONS
AND CORRECT ANSWERS||BRAND NEW!!
Oral Construction Contracts - ANSWER-If capable of
being performed within 1 year are enforceable. Purchase
and sale of materials only of a value of less than $500 are
enforceable.
Square Foot Method - ANSWER-based on cost per square
foot. Not recommended for prime or lump sum contracts.
Control of Job Progress - ANSWER-A) Planning the
approach to the lot before it commences.
,B) awarding subcontracts and material purchase orders at
the lowest obtainable price.
C) providing competent field supervision for the project.
D) obtaining timely reports of problems encountered which
require management attention.
E) obtaining periodic reporting of costs incurred and
revising estimated job profit.
F) submitting monthly requisition (billings) to the owner
and making disbursements to vendors and subcontractors.
subcontractor - ANSWER-any business entity providing
labor and material on the project site.
, Substantial completion - ANSWER-When the project
reaches a state where sufficiently complete to allow the
owner to occupy it but not necessarily finally accept it.
Retainage reduces from 10% to 5%.
Schedule of Values (Cost Breakdown) - ANSWER-A
schedule prepared by the contractor showing how the
contract sum is divided among the various divisions of
work, which is filed before work is started. Architects use
this as a basis for approving applications for payment and
waivers. Should be accurate and kept up to date,
reflecting any changes in the contract.
