Contractor License q
Contractor License
Study online at https://quizlet.com/_io9wx7
1. what color paint is normally used to mark an excava- White
tion area?
Red
brown
white
green
2. If you are advertising in which of these locations is All of the above
your license number required
Billboards
bus stop benches
yellow page advertising
all the above
3. which of the following statements is the most cor- A contractor must have a
rect? license number to adver-
tise
All advertising must include the contractors name,
address and telephone number.
The address of the contractors state license board
must be on all advertising.
A contractor must have a license number to advertise
A contractors license number must be on all forms the
company prints
4. The most important thing to include when advertising The contractor's license
for construction work is number
The company's complete name style
A list of all the owners of the company
, Contractor License q
Contractor License
Study online at https://quizlet.com/_io9wx7
The contractor's license number
The company's address
5. If, during excavation, you unearth human remains or D. Stop work immediately
burial artifacts at a construction site, what should you at the site, and notify the
do? Coroner
A. Notify the owner of the property
B. Stop work and place a warning ribbon three feet
from the remains, around the perimete of the site
C. Stop work immediately at the site
D. Stop work immediately at the site, and notify the
Coroner
6. Of the following four items to consider when bidding, D. Profit
which is the MOST important?
A Overhead
B. Labor
C. Material
D. Profit
7. Which of the following would you NOT include in a D. Anticipated legal fees
bid?
A Cost of a performance bond
B. Labor and material
C. Profit
D. Anticipated legal fees
8. When bidding on a home improvement contract, a C. Overhead costs
contractor should include: material costs, labor costs,
direct costs, permits, profit and...
A. Repairs
B. Office expenses
, Contractor License q
Contractor License
Study online at https://quizlet.com/_io9wx7
C. Overhead costs
D. None of the above
9. What is the best reason for standardized bidding? A. Assures the accuracy of
A. Assures the accuracy of cost estimates cost estimates
B. Allows you to always make a profit
C. Saves your bookkeeper time and money
D. Allows the company to grow
10. Which of the following would most likely place a bid B. Profit above 10 %
out of range from the other bids submitted for a job?
A Overhead under 15 %
B. Profit above 10 %
C. Labor above 10%
D. Overhead and Profit over 10%
11. What must licensed plumbing, electrical sign and B. Name, business ad-
well-drilling contractors have displayed on both sides dress, and contractor's li-
of their commercial truck? cense number
A. Name, business address, phone number and con-
tractor's license number
B. Name, business address, and contractor's license
number
C. Name and contractor's license number only
D. Nothing
12. Your bid on a job was accepted, but you inadvertently D. The contractor is re-
left out a part of that job, what should you do? sponsible to complete the
A. Write a change order and get it signed by the own- work
er
B.Add the additional cost to the end of the job and say
nothing
C. Do the omitted portion of the job on a time and
, Contractor License q
Contractor License
Study online at https://quizlet.com/_io9wx7
materials basis
D. The contractor is responsible to complete the work
13. What is a common pitfall in bidding? B.Bidding against the
A. Bidding on a project that is not completely under- competition and not the
stood job
B.Bidding against the competition and not the job
C. Bidding a job without inspecting the job site
D. All of the above
14. What is not recommended if you are outbid by a lower A Lower your bid to match
bidder? other offers
A Lower your bid to match other offers
Withdraw your bid
C. Stand firm with your bid
D. Negotiate with the owner in hopes of getting the
contract
15. A contractor is bidding on a project for a homeowner. B. Negotiate with the own-
The homeowner has included several "extra" items er to reduce the scope of
upon which to bid. After receiving the bid, the home- the work
owner says it is too high and asks the contractor to
lower the price. What should the contractordo?
Decline the work
B. Negotiate with the owner to reduce the scope of the
work
C. Lower the bid to cost and hope to recover the over-
head later
D. Lower the bid to cost and overhead only, no profit
16. A customer wants to accept a bid but does not have D. Stick close to your bid
enough money. A wise contract decision would be to: even if it means losing the
A Eliminate the profit and take the job foroverhead job
Contractor License
Study online at https://quizlet.com/_io9wx7
1. what color paint is normally used to mark an excava- White
tion area?
Red
brown
white
green
2. If you are advertising in which of these locations is All of the above
your license number required
Billboards
bus stop benches
yellow page advertising
all the above
3. which of the following statements is the most cor- A contractor must have a
rect? license number to adver-
tise
All advertising must include the contractors name,
address and telephone number.
The address of the contractors state license board
must be on all advertising.
A contractor must have a license number to advertise
A contractors license number must be on all forms the
company prints
4. The most important thing to include when advertising The contractor's license
for construction work is number
The company's complete name style
A list of all the owners of the company
, Contractor License q
Contractor License
Study online at https://quizlet.com/_io9wx7
The contractor's license number
The company's address
5. If, during excavation, you unearth human remains or D. Stop work immediately
burial artifacts at a construction site, what should you at the site, and notify the
do? Coroner
A. Notify the owner of the property
B. Stop work and place a warning ribbon three feet
from the remains, around the perimete of the site
C. Stop work immediately at the site
D. Stop work immediately at the site, and notify the
Coroner
6. Of the following four items to consider when bidding, D. Profit
which is the MOST important?
A Overhead
B. Labor
C. Material
D. Profit
7. Which of the following would you NOT include in a D. Anticipated legal fees
bid?
A Cost of a performance bond
B. Labor and material
C. Profit
D. Anticipated legal fees
8. When bidding on a home improvement contract, a C. Overhead costs
contractor should include: material costs, labor costs,
direct costs, permits, profit and...
A. Repairs
B. Office expenses
, Contractor License q
Contractor License
Study online at https://quizlet.com/_io9wx7
C. Overhead costs
D. None of the above
9. What is the best reason for standardized bidding? A. Assures the accuracy of
A. Assures the accuracy of cost estimates cost estimates
B. Allows you to always make a profit
C. Saves your bookkeeper time and money
D. Allows the company to grow
10. Which of the following would most likely place a bid B. Profit above 10 %
out of range from the other bids submitted for a job?
A Overhead under 15 %
B. Profit above 10 %
C. Labor above 10%
D. Overhead and Profit over 10%
11. What must licensed plumbing, electrical sign and B. Name, business ad-
well-drilling contractors have displayed on both sides dress, and contractor's li-
of their commercial truck? cense number
A. Name, business address, phone number and con-
tractor's license number
B. Name, business address, and contractor's license
number
C. Name and contractor's license number only
D. Nothing
12. Your bid on a job was accepted, but you inadvertently D. The contractor is re-
left out a part of that job, what should you do? sponsible to complete the
A. Write a change order and get it signed by the own- work
er
B.Add the additional cost to the end of the job and say
nothing
C. Do the omitted portion of the job on a time and
, Contractor License q
Contractor License
Study online at https://quizlet.com/_io9wx7
materials basis
D. The contractor is responsible to complete the work
13. What is a common pitfall in bidding? B.Bidding against the
A. Bidding on a project that is not completely under- competition and not the
stood job
B.Bidding against the competition and not the job
C. Bidding a job without inspecting the job site
D. All of the above
14. What is not recommended if you are outbid by a lower A Lower your bid to match
bidder? other offers
A Lower your bid to match other offers
Withdraw your bid
C. Stand firm with your bid
D. Negotiate with the owner in hopes of getting the
contract
15. A contractor is bidding on a project for a homeowner. B. Negotiate with the own-
The homeowner has included several "extra" items er to reduce the scope of
upon which to bid. After receiving the bid, the home- the work
owner says it is too high and asks the contractor to
lower the price. What should the contractordo?
Decline the work
B. Negotiate with the owner to reduce the scope of the
work
C. Lower the bid to cost and hope to recover the over-
head later
D. Lower the bid to cost and overhead only, no profit
16. A customer wants to accept a bid but does not have D. Stick close to your bid
enough money. A wise contract decision would be to: even if it means losing the
A Eliminate the profit and take the job foroverhead job
